Pebblebrook Hotel Trust (PEB) Position Increased by Xact Kapitalforvaltning AB
Xact Kapitalforvaltning AB raised its position in Pebblebrook Hotel Trust (NYSE:PEB) by 171.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,639 shares of the real estate investment trust’s stock after purchasing an additional 17,451 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Pebblebrook Hotel Trust were worth $782,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA purchased a new stake in Pebblebrook Hotel Trust in the 4th quarter worth about $36,000. Meeder Asset Management Inc. increased its position in shares of Pebblebrook Hotel Trust by 473.6% during the fourth quarter. Meeder Asset Management Inc. now owns 5,352 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 4,419 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Pebblebrook Hotel Trust during the third quarter worth approximately $280,000. Quantamental Technologies LLC purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth approximately $230,000. Finally, Alpha Windward LLC purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth approximately $233,000.
A number of brokerages have recently commented on PEB. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. ValuEngine lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Goldman Sachs Group reaffirmed a “sell” rating and set a $26.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, January 10th. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Monday, November 12th. Finally, Bank of America reaffirmed a “buy” rating and set a $36.00 target price on shares of Pebblebrook Hotel Trust in a research report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and a consensus price target of $36.88.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Thursday, November 29th were issued a dividend of $0.2478 per share. This represents a $0.99 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Wednesday, November 28th. Pebblebrook Hotel Trust’s payout ratio is 20.62%.
In other Pebblebrook Hotel Trust news, Director Cydney Donnell acquired 1,400 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were bought at an average cost of $35.58 per share, with a total value of $49,812.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.
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Pebblebrook Hotel Trust Profile
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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