Louisiana State Employees Retirement System Takes $637,000 Position in Pebblebrook Hotel Trust $PEB

Louisiana State Employees Retirement System acquired a new position in Pebblebrook Hotel Trust (NYSE:PEB) in the 1st quarter, Holdings Channel.com reports. The firm acquired 50,400 shares of the real estate investment trust’s stock, valued at approximately $637,000.

A number of other institutional investors also recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its position in Pebblebrook Hotel Trust by 32.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 796 shares in the last quarter. Amundi increased its position in Pebblebrook Hotel Trust by 1.1% in the fourth quarter. Amundi now owns 81,472 shares of the real estate investment trust’s stock worth $922,000 after buying an additional 857 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Pebblebrook Hotel Trust by 33.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 865 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Pebblebrook Hotel Trust by 4.9% in the fourth quarter. Inspire Investing LLC now owns 41,478 shares of the real estate investment trust’s stock worth $470,000 after buying an additional 1,931 shares during the period. Finally, Federation des caisses Desjardins du Quebec raised its stake in shares of Pebblebrook Hotel Trust by 26.7% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,346 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,972 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PEB. Morgan Stanley boosted their price objective on Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Citigroup raised their target price on shares of Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. LADENBURG THALM/SH SH lifted their price target on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Evercore set a $15.00 price target on shares of Pebblebrook Hotel Trust in a research report on Monday, April 27th. Finally, Stifel Nicolaus increased their price objective on shares of Pebblebrook Hotel Trust from $18.00 to $20.25 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.06.

Pebblebrook Hotel Trust Price Performance

Shares of Pebblebrook Hotel Trust stock opened at $18.41 on Wednesday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -23.01, a PEG ratio of 1.62 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $16.48 and its 200-day simple moving average is $13.85. Pebblebrook Hotel Trust has a 52 week low of $9.30 and a 52 week high of $19.75.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.05. The firm had revenue of $345.66 million during the quarter, compared to analysts’ expectations of $331.23 million. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. As a group, analysts expect that Pebblebrook Hotel Trust will post 1.6 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -5.00%.

Pebblebrook Hotel Trust Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.