Oregon Public Employees Retirement Fund lessened its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,534 shares of the real estate investment trust’s stock after selling 2,408 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Pebblebrook Hotel Trust were worth $663,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in Pebblebrook Hotel Trust in the first quarter valued at about $34,000. Tower Research Capital LLC TRC increased its holdings in Pebblebrook Hotel Trust by 566.5% in the first quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,685 shares during the last quarter. Parallel Advisors LLC increased its holdings in Pebblebrook Hotel Trust by 10,118.8% in the first quarter. Parallel Advisors LLC now owns 3,270 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 3,238 shares during the last quarter. Arden Trust Co bought a new stake in Pebblebrook Hotel Trust in the first quarter valued at about $88,000. Finally, Advisor Group Holdings Inc. bought a new stake in Pebblebrook Hotel Trust in the first quarter valued at about $93,000.
PEB stock opened at $10.60 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $1.39 billion, a P/E ratio of -19.27 and a beta of 1.70. The business has a 50-day moving average of $12.44 and a 200-day moving average of $15.29. Pebblebrook Hotel Trust has a fifty-two week low of $5.39 and a fifty-two week high of $29.57.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.90) by ($0.16). The firm had revenue of $22.59 million for the quarter, compared to analyst estimates of $16.55 million. Pebblebrook Hotel Trust had a negative return on equity of 0.83% and a negative net margin of 3.57%. Equities analysts expect that Pebblebrook Hotel Trust will post -1.01 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.01 per share. The ex-dividend date was Monday, June 29th. This represents a $0.04 annualized dividend and a yield of 0.38%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 1.52%.
Several equities research analysts have issued reports on the company. Barclays upgraded Pebblebrook Hotel Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $9.00 to $15.00 in a report on Monday, June 22nd. SunTrust Banks lowered their price target on Pebblebrook Hotel Trust from $10.00 to $9.00 and set a “hold” rating for the company in a report on Monday, May 18th. Zacks Investment Research downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 21st. BTIG Research upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday, April 24th. Finally, Citigroup downgraded Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $25.00 to $8.50 in a report on Tuesday, April 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and a consensus price target of $17.91.
Pebblebrook Hotel Trust Company 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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: 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; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
See Also: What is insider trading?
Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.