Pebblebrook Hotel Trust (NYSE:PEB) Stock Holdings Lessened by Strs Ohio

Strs Ohio trimmed its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,300 shares of the real estate investment trust’s stock after selling 1,100 shares during the quarter. Strs Ohio’s holdings in Pebblebrook Hotel Trust were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Verdence Capital Advisors LLC lifted its stake in Pebblebrook Hotel Trust by 38.4% in the third quarter. Verdence Capital Advisors LLC now owns 17,505 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 4,861 shares during the last quarter. Assetmark Inc. lifted its stake in Pebblebrook Hotel Trust by 16.0% in the third quarter. Assetmark Inc. now owns 15,728 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 2,175 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Pebblebrook Hotel Trust by 13.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 884 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Pebblebrook Hotel Trust by 4.3% in the third quarter. Nisa Investment Advisors LLC now owns 56,998 shares of the real estate investment trust’s stock valued at $775,000 after acquiring an additional 2,375 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Pebblebrook Hotel Trust by 1.6% in 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 during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PEB shares. Truist Financial lifted their target price on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Bank of America cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 target price for the company. in a research note on Monday, January 8th. Compass Point restated a “neutral” rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Finally, StockNews.com upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.69.

Pebblebrook Hotel Trust Trading Down 0.3 %

Shares of PEB stock opened at $14.96 on Monday. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65. The firm’s fifty day simple moving average is $15.61 and its 200 day simple moving average is $14.70. The firm has a market capitalization of $1.80 billion, a P/E ratio of -14.67, a price-to-earnings-growth ratio of 0.68 and a beta of 1.86. The company has a current ratio of 0.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). The company had revenue of $314.10 million for the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. As a group, sell-side analysts predict that Pebblebrook Hotel Trust will post 1.58 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.27%. The ex-dividend date was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.92%.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, insider Thomas Charles Fisher sold 11,441 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the sale, the insider now 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 this link. Insiders own 2.40% of the company’s stock.

Pebblebrook Hotel Trust Company 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.