Entropy Technologies LP Purchases 26,487 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Entropy Technologies LP increased its position in Pebblebrook Hotel Trust (NYSE:PEB) by 93.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 54,880 shares of the real estate investment trust’s stock after buying an additional 26,487 shares during the quarter. Entropy Technologies LP’s holdings in Pebblebrook Hotel Trust were worth $744,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PEB. Covestor Ltd lifted its stake in shares of Pebblebrook Hotel Trust by 80.1% in the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,989 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Pebblebrook Hotel Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 1,212 shares during the last quarter. FMR LLC lifted its position in Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 884 shares in the last quarter. FORA Capital LLC acquired a new position in Pebblebrook Hotel Trust during the 3rd quarter valued at about $133,000. Finally, Metis Global Partners LLC acquired a new position in Pebblebrook Hotel Trust during the 3rd quarter valued at about $164,000.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz bought 13,000 shares of the stock in a transaction on Thursday, November 21st. The shares were purchased at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the purchase, the chief executive officer now directly owns 1,395,284 shares in the company, valued at $17,692,201.12. This represents a 0.94 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, November 21st. Robert W. Baird dropped their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. Truist Financial lowered their target price on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price target on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of “Hold” and a consensus price target of $14.67.

Pebblebrook Hotel Trust Trading Down 0.2 %

Shares of Pebblebrook Hotel Trust stock opened at $12.42 on Wednesday. The firm has a market cap of $1.49 billion, a PE ratio of -42.81, a P/E/G ratio of 0.62 and a beta of 1.85. Pebblebrook Hotel Trust has a 1 year low of $11.65 and a 1 year high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a fifty day moving average price of $13.68 and a 200-day moving average price of $13.18.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

About Pebblebrook Hotel Trust

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.