Jump Financial LLC Acquires New Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Jump Financial LLC bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 47,469 shares of the real estate investment trust’s stock, valued at approximately $1,118,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bamco Inc. NY grew its holdings in shares of Pebblebrook Hotel Trust by 78.2% during the second quarter. Bamco Inc. NY now owns 95,355 shares of the real estate investment trust’s stock worth $2,246,000 after purchasing an additional 41,850 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Pebblebrook Hotel Trust by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,616,954 shares of the real estate investment trust’s stock worth $61,629,000 after buying an additional 96,424 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Pebblebrook Hotel Trust by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 19,224,026 shares of the real estate investment trust’s stock valued at $452,726,000 after buying an additional 128,762 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Pebblebrook Hotel Trust during the second quarter valued at about $49,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth about $43,000.

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 29th. The shares were sold at an average price of $24.75, for a total value of $495,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

PEB has been the topic of several research reports. Citigroup decreased their price target on shares of Pebblebrook Hotel Trust from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 6th. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $26.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Friday, September 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $24.57.

Pebblebrook Hotel Trust stock opened at $22.33 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2.93 billion, a P/E ratio of -6.38 and a beta of 2.04. Pebblebrook Hotel Trust has a 1-year low of $11.68 and a 1-year high of $26.42. The firm has a 50-day moving average of $22.01 and a 200-day moving average of $22.86.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, July 29th. The real estate investment trust reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. Pebblebrook Hotel Trust had a negative return on equity of 12.94% and a negative net margin of 106.05%. Research analysts forecast that Pebblebrook Hotel Trust will post -0.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Wednesday, September 29th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -2.74%.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a real estate investment trust, which engages in the investments and acquisition in hotel properties. Its hotels are located in the markets like: Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Key West, Florida; Miami, Los Angeles, Naples, Nashville, Tennessee; New York, Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, Seattle, Stevenson, and Washington, DC The company was founded by Jon E.

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Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

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