Louisiana State Employees Retirement System Makes New $964,000 Investment in Pebblebrook Hotel Trust (NYSE:PEB)

Louisiana State Employees Retirement System acquired a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 60,300 shares of the real estate investment trust’s stock, valued at approximately $964,000.

Several other hedge funds have also recently modified their holdings of PEB. William Blair Investment Management LLC increased its holdings in shares of Pebblebrook Hotel Trust by 49.8% during the third quarter. William Blair Investment Management LLC now owns 3,656,930 shares of the real estate investment trust’s stock valued at $49,698,000 after acquiring an additional 1,215,683 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 81.8% during the third quarter. Envestnet Asset Management Inc. now owns 582,908 shares of the real estate investment trust’s stock valued at $7,922,000 after acquiring an additional 262,200 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 1.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 9,084,090 shares of the real estate investment trust’s stock valued at $123,453,000 after acquiring an additional 140,799 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 1.6% during the third quarter. Principal Financial Group Inc. now owns 7,009,009 shares of the real estate investment trust’s stock valued at $95,252,000 after acquiring an additional 112,616 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Pebblebrook Hotel Trust by 54.9% during the fourth quarter. Nordea Investment Management AB now owns 317,276 shares of the real estate investment trust’s stock valued at $5,122,000 after acquiring an additional 112,472 shares in the last quarter.

Insider Activity

In other news, insider Thomas Charles Fisher sold 11,441 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $15.62, for a total transaction of $178,708.42. Following the transaction, the insider now owns 254,449 shares in the company, valued at approximately $3,974,493.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PEB shares. Truist Financial upped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a report on Thursday, January 18th. Compass Point reiterated a “neutral” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Bank of America downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price target on the stock. in a report on Monday, January 8th. Finally, StockNews.com upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.78.

Pebblebrook Hotel Trust Trading Up 0.9 %

Pebblebrook Hotel Trust stock opened at $15.59 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65. The stock’s 50 day simple moving average is $15.65 and its two-hundred day simple moving average is $14.67. The firm has a market cap of $1.87 billion, a PE ratio of -16.07, a P/E/G ratio of 0.69 and a beta of 1.86.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative return on equity of 2.65% and a negative net margin of 5.49%. The company had revenue of $314.10 million during the quarter, compared to analysts’ expectations of $304.34 million. During the same quarter in the prior year, the company posted $0.18 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts anticipate that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -4.12%.

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.