State of Wyoming Invests $503,000 in Pebblebrook Hotel Trust (NYSE:PEB)

State of Wyoming acquired a new position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 37,129 shares of the real estate investment trust's stock, valued at approximately $503,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Centersquare Investment Management LLC lifted its position in shares of Pebblebrook Hotel Trust by 2,448.9% during the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust's stock valued at $25,465,000 after buying an additional 1,805,597 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Pebblebrook Hotel Trust by 43.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock valued at $56,473,000 after buying an additional 1,260,077 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Pebblebrook Hotel Trust by 82.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust's stock valued at $31,779,000 after buying an additional 1,058,664 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at $13,788,000. Finally, Landmark Investment Partners L.P. purchased a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at $13,075,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PEB shares. Wall Street Zen lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th. Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Wells Fargo & Company decreased their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Raymond James set a $14.00 price objective on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $12.78.

Pebblebrook Hotel Trust Price Performance

Shares of Pebblebrook Hotel Trust stock traded down $0.20 during trading on Friday, hitting $8.88. 1,837,161 shares of the stock traded hands, compared to its average volume of 1,966,426. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -30.60, a PEG ratio of 0.60 and a beta of 1.80. The firm's fifty day moving average is $9.37 and its 200-day moving average is $11.77. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The business had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. During the same period last year, the company earned $0.21 EPS. Pebblebrook Hotel Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -8.33%.

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.