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

State of Wyoming purchased a new position in Pebblebrook Hotel Trust (NYSE:PEB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in shares of Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 1,323 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Pebblebrook Hotel Trust by 815.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 3,352 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth approximately $99,000. Cantor Fitzgerald L. P. purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $136,000. Finally, Algert Global LLC purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $148,000.

Analyst Ratings Changes

A number of brokerages recently commented on PEB. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Evercore ISI reduced their price target on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating on the stock in a research report on Monday, April 28th. Truist Financial decreased their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Compass Point cut 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 research report on Monday, March 10th. Finally, Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the company an “underperform” rating in a research note on Tuesday, May 6th. 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.78.

Pebblebrook Hotel Trust Stock Down 2.0%

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

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

Pebblebrook Hotel Trust Dividend Announcement

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

About Pebblebrook Hotel Trust

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.