Teachers Retirement System of The State of Kentucky Increases Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Teachers Retirement System of The State of Kentucky grew its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 3.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 135,877 shares of the real estate investment trust’s stock after acquiring an additional 4,645 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.11% of Pebblebrook Hotel Trust worth $2,171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PEB. Principal Securities Inc. purchased a new position in Pebblebrook Hotel Trust in the fourth quarter valued at approximately $64,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Pebblebrook Hotel Trust in the third quarter valued at $148,000. Quest Partners LLC purchased a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $157,000. Van ECK Associates Corp boosted its stake in Pebblebrook Hotel Trust by 17.1% in the fourth quarter. Van ECK Associates Corp now owns 16,665 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 2,438 shares in the last quarter. Finally, Custom Index Systems LLC purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $267,000.

Insiders Place Their Bets

In related news, CEO Jon E. Bortz purchased 17,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average price of $13.67 per share, for a total transaction of $232,390.00. Following the acquisition, the chief executive officer now directly owns 1,208,284 shares of the company’s stock, valued at approximately $16,517,242.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

PEB has been the subject of a number of research analyst reports. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Compass Point restated a “neutral” rating and set a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Finally, Truist Financial reduced their price target on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average target price of $14.56.

Pebblebrook Hotel Trust Stock Down 0.1 %

Shares of NYSE:PEB opened at $13.90 on Friday. Pebblebrook Hotel Trust has a fifty-two week low of $11.39 and a fifty-two week high of $16.65. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78. The firm’s 50-day simple moving average is $14.47 and its 200-day simple moving average is $15.15. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -13.63, a PEG ratio of 0.67 and a beta of 1.82.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). The business had revenue of $314.10 million during the quarter, compared to analysts’ expectations of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. Pebblebrook Hotel Trust’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. As a group, equities research analysts predict that Pebblebrook Hotel Trust will post 1.47 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s payout ratio is currently -3.92%.

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.