Public Employees Retirement Association of Colorado Decreases Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Public Employees Retirement Association of Colorado trimmed its position in Pebblebrook Hotel Trust (NYSE:PEB) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,666 shares of the real estate investment trust’s stock after selling 2,551 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Pebblebrook Hotel Trust were worth $185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in shares of Pebblebrook Hotel Trust by 90.2% in the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock valued at $10,193,000 after purchasing an additional 354,116 shares during the period. Fisher Asset Management LLC raised its position in Pebblebrook Hotel Trust by 5.9% during the 4th quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust’s stock worth $7,764,000 after buying an additional 31,677 shares during the last quarter. Entropy Technologies LP lifted its stake in Pebblebrook Hotel Trust by 93.3% during the 4th quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock valued at $744,000 after acquiring an additional 26,487 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 8.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust’s stock valued at $90,964,000 after acquiring an additional 525,991 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Pebblebrook Hotel Trust by 3.4% in the fourth quarter. Alliancebernstein L.P. now owns 161,726 shares of the real estate investment trust’s stock worth $2,191,000 after acquiring an additional 5,246 shares during the period.

Pebblebrook Hotel Trust Stock Performance

PEB opened at $9.14 on Friday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -31.52, a PEG ratio of 0.60 and a beta of 1.69. The firm’s fifty day simple moving average is $9.93 and its two-hundred day simple moving average is $12.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.46.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $320.27 million during the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. Pebblebrook Hotel Trust’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Equities analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.44%. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $15.00 in a report on Monday, March 10th. Evercore ISI dropped their target price on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating on the stock in a report on Monday, April 28th. Truist Financial decreased their price target on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Stifel Nicolaus dropped their price objective on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Pebblebrook Hotel Trust has an average rating of “Hold” and an average target price of $13.28.

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.