Arizona State Retirement System Has $538,000 Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Arizona State Retirement System decreased its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,686 shares of the real estate investment trust’s stock after selling 1,369 shares during the period. Arizona State Retirement System’s holdings in Pebblebrook Hotel Trust were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Pebblebrook Hotel Trust by 13.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 884 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Pebblebrook Hotel Trust by 76.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,525 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 3,256 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Pebblebrook Hotel Trust during the 1st quarter worth approximately $142,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter worth approximately $148,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Pebblebrook Hotel Trust by 11.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,653 shares of the real estate investment trust’s stock worth $156,000 after acquiring an additional 1,199 shares in the last quarter.

Insider Buying and Selling

In related news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.62, for a total transaction of $178,708.42. Following the completion of the transaction, the insider now owns 254,449 shares of the company’s stock, valued at $3,974,493.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by insiders.

Pebblebrook Hotel Trust Price Performance

PEB stock opened at $14.62 on Friday. The company has a fifty day moving average price of $15.67 and a 200-day moving average price of $14.61. The company has a market capitalization of $1.76 billion, a P/E ratio of -15.07, a PEG ratio of 0.65 and a beta of 1.86. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.06. The firm had revenue of $334.10 million during the quarter, compared to the consensus estimate of $325.42 million. Pebblebrook Hotel Trust had a negative net margin of 5.49% and a negative return on equity of 2.65%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share. As a group, equities analysts expect that Pebblebrook Hotel Trust will post 1.57 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -4.12%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PEB. Wells Fargo & Company raised their target price on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 22nd. Truist Financial raised their target price on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. Compass Point restated a “neutral” rating and issued a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Finally, Bank of America lowered shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 target price on the stock. in a research report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.78.

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.