Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 66.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,305 shares of the real estate investment trust’s stock after selling 87,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Pebblebrook Hotel Trust were worth $586,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. grew its position in shares of Pebblebrook Hotel Trust by 0.3% in the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust’s stock valued at $5,384,000 after purchasing an additional 1,098 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Pebblebrook Hotel Trust by 100.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,323 shares in the last quarter. Metis Global Partners LLC raised its stake in Pebblebrook Hotel Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 1,412 shares in the last quarter. Swiss National Bank raised its stake in Pebblebrook Hotel Trust by 0.7% during the fourth quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust’s stock valued at $3,212,000 after buying an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Pebblebrook Hotel Trust by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust’s stock valued at $1,137,000 after buying an additional 1,918 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PEB. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Evercore ISI decreased their price target on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating for the company in a research note on Monday. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Stifel Nicolaus reduced their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Finally, Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.28.

Pebblebrook Hotel Trust Price Performance

Shares of PEB opened at $9.10 on Tuesday. The firm has a market cap of $1.08 billion, a PE ratio of -31.38, a PEG ratio of 0.60 and a beta of 1.69. The firm’s 50 day moving average price is $10.15 and its 200 day moving average price is $12.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.46.

Pebblebrook Hotel Trust Announces Dividend

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 dividend of $0.01 per share. 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 dividend payout ratio is currently -9.30%.

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.