Public Employees Retirement System of Ohio Has $1.67 Million Holdings in Pebblebrook Hotel Trust $PEB

Public Employees Retirement System of Ohio decreased its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 17.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 132,280 shares of the real estate investment trust’s stock after selling 28,777 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Pebblebrook Hotel Trust were worth $1,671,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. increased its holdings in Pebblebrook Hotel Trust by 56.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 6,268,902 shares of the real estate investment trust’s stock worth $71,403,000 after purchasing an additional 2,259,389 shares in the last quarter. Millennium Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 2,584.8% in the third quarter. Millennium Management LLC now owns 2,161,137 shares of the real estate investment trust’s stock worth $24,615,000 after purchasing an additional 2,080,641 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Pebblebrook Hotel Trust by 114.6% in the third quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock valued at $35,889,000 after purchasing an additional 1,682,855 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 684.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,576,228 shares of the real estate investment trust’s stock valued at $17,953,000 after purchasing an additional 1,375,207 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Pebblebrook Hotel Trust by 1,736.3% during the fourth quarter. MetLife Investment Management LLC now owns 1,322,264 shares of the real estate investment trust’s stock valued at $14,968,000 after buying an additional 1,250,256 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Pebblebrook Hotel Trust in a research note on Friday, July 24th. Citigroup lifted their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. LADENBURG THALM/SH SH upped their target price on shares of Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Cantor Fitzgerald upped their target price on shares of Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.13.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB opened at $19.10 on Monday. Pebblebrook Hotel Trust has a twelve month low of $9.30 and a twelve month high of $19.93. The stock’s 50 day moving average price is $18.09 and its 200-day moving average price is $14.77. The company has a market capitalization of $2.15 billion, a PE ratio of -27.68, a PEG ratio of 1.32 and a beta of 1.40. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.83.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, June 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -5.80%.

Trending Headlines about Pebblebrook Hotel Trust

Here are the key news stories impacting Pebblebrook Hotel Trust this week:

• Positive Sentiment: Stifel raises target and keeps a Buy rating: Stifel Nicolaus lifted its price target from $20.25 to $21.25, implying additional upside and reinforcing its positive view of Pebblebrook’s outlook. Benzinga analyst price-target update
• Positive Sentiment: Ladenburg raises target: Ladenburg Thalmann increased its price target from $19.00 to $21.00. Although its rating remains Neutral, the higher target suggests improved expectations for the hotel real estate investment trust. Benzinga analyst price-target update
• Positive Sentiment: Second-quarter results and outlook attract attention: Coverage of Pebblebrook’s Q2 earnings and conference call highlighted a resilient upswing, while comparisons with estimates are giving investors additional detail on the company’s operating performance. The company’s latest reported results included revenue above expectations and an adjusted loss narrower than analysts anticipated. TipRanks earnings-call report Zacks Q2 earnings analysis
• Neutral Sentiment: Analyst consensus remains cautious: Pebblebrook receives an average “Hold” recommendation, indicating that the improved price targets have not yet translated into broad-based conviction among analysts. American Banking News analyst consensus

About Pebblebrook Hotel Trust

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.