Oregon Public Employees Retirement Fund bought a new stake in Pebblebrook Hotel Trust (NYSE:PEB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 53,061 shares of the real estate investment trust’s stock, valued at approximately $1,502,000. Oregon Public Employees Retirement Fund owned about 0.08% of Pebblebrook Hotel Trust at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of PEB. San Francisco Sentry Investment Group CA bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $36,000. LSV Asset Management bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $57,000. Enlightenment Research LLC bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $59,000. Victory Capital Management Inc. raised its position in shares of Pebblebrook Hotel Trust by 62.6% during the fourth quarter. Victory Capital Management Inc. now owns 3,708 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 1,428 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $151,000.
A number of brokerages have recently issued reports on PEB. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, November 12th. Bank of America restated a “buy” rating and set a $36.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Monday, October 29th. Finally, ValuEngine upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.88.
PEB stock traded up $0.16 during mid-day trading on Monday, reaching $31.71. The company’s stock had a trading volume of 66,999 shares, compared to its average volume of 1,069,913. The company has a market cap of $2.18 billion, a P/E ratio of 12.34, a PEG ratio of 2.38 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 0.80. Pebblebrook Hotel Trust has a 12 month low of $26.59 and a 12 month high of $41.65.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Thursday, November 29th were issued a $0.2478 dividend. The ex-dividend date of this dividend was Wednesday, November 28th. This represents a $0.99 dividend on an annualized basis and a yield of 3.13%. Pebblebrook Hotel Trust’s payout ratio is currently 20.62%.
In other Pebblebrook Hotel Trust news, Director Cydney Donnell bought 1,400 shares of the stock in a transaction on Friday, December 7th. The stock was acquired at an average cost of $35.58 per share, for a total transaction of $49,812.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.
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Pebblebrook Hotel Trust Profile
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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