Louisiana State Employees Retirement System Invests $964,000 in Pebblebrook Hotel Trust (NYSE:PEB)

Louisiana State Employees Retirement System purchased a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 60,300 shares of the real estate investment trust's stock, valued at approximately $964,000. Louisiana State Employees Retirement System owned approximately 0.05% of Pebblebrook Hotel Trust as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Pebblebrook Hotel Trust by 13.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust's stock valued at $104,000 after acquiring an additional 884 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at $148,000. Sequoia Financial Advisors LLC boosted its holdings in Pebblebrook Hotel Trust by 6.9% in the third quarter. Sequoia Financial Advisors LLC now owns 14,579 shares of the real estate investment trust's stock worth $198,000 after purchasing an additional 942 shares in the last quarter. Assetmark Inc. boosted its holdings in Pebblebrook Hotel Trust by 16.0% in the third quarter. Assetmark Inc. now owns 15,728 shares of the real estate investment trust's stock worth $214,000 after purchasing an additional 2,175 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in Pebblebrook Hotel Trust by 38.4% in the third quarter. Verdence Capital Advisors LLC now owns 17,505 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 4,861 shares in the last quarter.

Insiders Place Their Bets

In other Pebblebrook Hotel Trust news, insider Thomas Charles Fisher sold 11,441 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.62, for a total transaction of $178,708.42. Following the completion of the transaction, the insider now owns 254,449 shares in the company, valued at $3,974,493.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company's stock.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB traded down $0.60 during mid-day trading on Thursday, hitting $15.00. The company had a trading volume of 3,488,428 shares, compared to its average volume of 1,583,958. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.97 and a quick ratio of 0.97. The business's 50-day simple moving average is $15.63 and its 200-day simple moving average is $14.67. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65. The firm has a market cap of $1.80 billion, a P/E ratio of -14.71, a PEG ratio of 0.70 and a beta of 1.86.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.85%. The company had revenue of $314.10 million during the quarter, compared to the consensus estimate of $304.34 million. During the same quarter in the previous year, the business posted $0.18 EPS. The firm's quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts predict that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Wednesday, March 27th. Pebblebrook Hotel Trust's dividend payout ratio is -3.92%.

Analysts Set New Price Targets

PEB has been the subject of a number of recent research reports. Compass Point reiterated a "neutral" rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Truist Financial boosted their target price on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a "hold" rating in a research report on Thursday, January 18th. Bank of America lowered shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.50 target price for the company. in a research report on Monday, January 8th. Finally, StockNews.com raised shares of Pebblebrook Hotel Trust from a "sell" rating to a "hold" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $14.78.

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.