Teachers Retirement System of The State of Kentucky Has $586,000 Position in Pebblebrook Hotel Trust (NYSE:PEB)

Teachers Retirement System of The State of Kentucky reduced its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 66.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,305 shares of the real estate investment trust’s stock after selling 87,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Pebblebrook Hotel Trust were worth $586,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PEB. Sei Investments Co. raised its holdings in Pebblebrook Hotel Trust by 0.3% in the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust’s stock worth $5,384,000 after purchasing an additional 1,098 shares during the period. Quadrant Capital Group LLC increased its position in shares of Pebblebrook Hotel Trust by 100.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,323 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Pebblebrook Hotel Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 1,412 shares in the last quarter. Swiss National Bank increased its position in shares of Pebblebrook Hotel Trust by 0.7% during the fourth quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust’s stock worth $3,212,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Pebblebrook Hotel Trust by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust’s stock worth $1,137,000 after acquiring an additional 1,918 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Stifel Nicolaus decreased their target price on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Truist Financial decreased their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Evercore ISI decreased their target price on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company decreased their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.28.

Pebblebrook Hotel Trust Trading Down 0.7 %

NYSE PEB opened at $9.10 on Tuesday. The firm has a market capitalization of $1.08 billion, a P/E ratio of -31.38, a PEG ratio of 0.60 and a beta of 1.69. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $10.15 and a 200 day simple moving average of $12.15. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.46.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.01 per share. The ex-dividend date was Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.44%. Pebblebrook Hotel Trust’s payout ratio is -9.30%.

Pebblebrook Hotel Trust 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.