37,129 Shares in Pebblebrook Hotel Trust (NYSE:PEB) Acquired by State of Wyoming

State of Wyoming acquired a new stake in Pebblebrook Hotel Trust (NYSE:PEB) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 37,129 shares of the real estate investment trust’s stock, valued at approximately $503,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at about $99,000. Point72 Asset Management L.P. purchased a new position in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $1,322,000. ProShare Advisors LLC increased its holdings in Pebblebrook Hotel Trust by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 35,995 shares of the real estate investment trust’s stock worth $488,000 after acquiring an additional 11,058 shares during the period. Nuveen Asset Management LLC increased its holdings in Pebblebrook Hotel Trust by 82.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock worth $31,779,000 after acquiring an additional 1,058,664 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Pebblebrook Hotel Trust by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,927 shares of the real estate investment trust’s stock worth $920,000 after purchasing an additional 2,341 shares in the last quarter.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $9.95 on Tuesday. The stock’s 50-day moving average is $9.49 and its 200 day moving average is $11.86. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -34.31, a P/E/G ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.46. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

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

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.40%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -8.33%.

Analysts Set New Price Targets

A number of research firms have recently commented on PEB. Evercore ISI reduced their price target on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating for the company in a research report on Monday, April 28th. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Wedbush set a $9.00 price target on Pebblebrook Hotel Trust and gave the company an “underperform” rating in a report on Tuesday, May 6th. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Compass Point cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.78.

Pebblebrook Hotel Trust 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.