Nisa Investment Advisors LLC Has $804,000 Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Nisa Investment Advisors LLC lowered its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,287 shares of the real estate investment trust’s stock after selling 6,711 shares during the period. Nisa Investment Advisors LLC’s holdings in Pebblebrook Hotel Trust were worth $804,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in Pebblebrook Hotel Trust by 76.3% during the second quarter. Tower Research Capital LLC TRC now owns 7,525 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 3,256 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Pebblebrook Hotel Trust by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 884 shares during the period. XTX Topco Ltd acquired a new stake in Pebblebrook Hotel Trust during the first quarter worth approximately $237,000. Captrust Financial Advisors bought a new position in Pebblebrook Hotel Trust in the second quarter worth approximately $176,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Pebblebrook Hotel Trust in the third quarter valued at approximately $148,000.

Insiders Place Their Bets

In other Pebblebrook Hotel Trust news, insider Thomas Charles Fisher sold 11,441 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the completion of the sale, the insider now directly owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

Pebblebrook Hotel Trust Trading Down 1.9 %

NYSE:PEB opened at $14.71 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a 50-day moving average of $15.74 and a 200-day moving average of $14.61. The company has a market cap of $1.77 billion, a PE ratio of -15.16, a PEG ratio of 0.70 and a beta of 1.86. Pebblebrook Hotel Trust has a one year low of $11.39 and a one year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 5.49% and a negative return on equity of 2.65%. The company had revenue of $334.10 million during the quarter, compared to the consensus estimate of $325.42 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts expect that Pebblebrook Hotel Trust will post 1.57 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Wednesday, March 27th. Pebblebrook Hotel Trust’s payout ratio is -4.12%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PEB. Bank of America lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 target price on the stock. in a research report on Monday, January 8th. Compass Point reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Wells Fargo & Company lifted their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, December 22nd. Finally, Truist Financial boosted their target price on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.78.

Pebblebrook Hotel Trust Profile

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.