Pebblebrook Hotel Trust (NYSE:PEB) Position Lessened by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,927 shares of the real estate investment trust’s stock after selling 5,586 shares during the period. Illinois Municipal Retirement Fund’s holdings in Pebblebrook Hotel Trust were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Pebblebrook Hotel Trust by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust’s stock worth $40,272,000 after acquiring an additional 28,871 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Pebblebrook Hotel Trust by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock valued at $31,992,000 after buying an additional 130,265 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Pebblebrook Hotel Trust by 4.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 950,475 shares of the real estate investment trust’s stock valued at $12,575,000 after buying an additional 36,270 shares in the last quarter. Nordea Investment Management AB raised its holdings in Pebblebrook Hotel Trust by 90.2% during the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock valued at $10,193,000 after buying an additional 354,116 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in Pebblebrook Hotel Trust by 6.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 317,254 shares of the real estate investment trust’s stock valued at $4,299,000 after buying an additional 18,467 shares in the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on PEB. StockNews.com upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Truist Financial cut their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company cut their target price on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus price target of $14.14.

Pebblebrook Hotel Trust Trading Up 0.7 %

Pebblebrook Hotel Trust stock opened at $12.35 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50-day simple moving average is $13.06 and its 200-day simple moving average is $13.12. The firm has a market capitalization of $1.48 billion, a PE ratio of -42.58, a PEG ratio of 0.60 and a beta of 1.85. Pebblebrook Hotel Trust has a 52 week low of $11.47 and a 52 week high of $16.61.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

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.