Oregon Public Employees Retirement Fund Acquires 746 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Oregon Public Employees Retirement Fund grew its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,807 shares of the real estate investment trust’s stock after acquiring an additional 746 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Pebblebrook Hotel Trust were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in shares of Pebblebrook Hotel Trust by 8.7% in the second quarter. Nisa Investment Advisors LLC now owns 68,848 shares of the real estate investment trust’s stock valued at $1,940,000 after buying an additional 5,534 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Pebblebrook Hotel Trust by 35.8% in the first quarter. Nordea Investment Management AB now owns 505,566 shares of the real estate investment trust’s stock valued at $15,703,000 after buying an additional 133,292 shares in the last quarter. GYL Financial Synergies LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the first quarter valued at $524,000. Advisors Asset Management Inc. increased its stake in shares of Pebblebrook Hotel Trust by 30.4% in the first quarter. Advisors Asset Management Inc. now owns 6,958 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 1,621 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in shares of Pebblebrook Hotel Trust by 23.4% in the first quarter. Westpac Banking Corp now owns 377,922 shares of the real estate investment trust’s stock valued at $11,738,000 after buying an additional 71,750 shares in the last quarter.

PEB stock traded down $0.85 during midday trading on Monday, reaching $26.18. The stock had a trading volume of 14,189 shares, compared to its average volume of 1,014,729. The business’s fifty day moving average price is $27.90. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.34. Pebblebrook Hotel Trust has a twelve month low of $26.39 and a twelve month high of $39.51.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.02. The firm had revenue of $442.08 million during the quarter, compared to analyst estimates of $435.37 million. Pebblebrook Hotel Trust had a negative return on equity of 0.10% and a negative net margin of 0.25%. The company’s revenue was up 114.1% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. Equities analysts anticipate that Pebblebrook Hotel Trust will post 2.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.38 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.52 dividend on an annualized basis and a yield of 5.81%. Pebblebrook Hotel Trust’s payout ratio is 62.04%.

PEB has been the subject of a number of research reports. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Wells Fargo & Co restated a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 23rd. Bank of America lowered Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $29.00 in a research note on Wednesday, July 17th. Capital One Financial initiated coverage on Pebblebrook Hotel Trust in a research note on Tuesday, June 25th. They issued an “overweight” rating and a $35.00 target price for the company. Finally, BTIG Research lowered their target price on Pebblebrook Hotel Trust from $42.50 to $35.00 and set a “buy” rating for the company in a research note on Thursday, June 27th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.33.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

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