State of Wyoming Takes $709,000 Position in Pebblebrook Hotel Trust $PEB

State of Wyoming bought a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 36,525 shares of the real estate investment trust’s stock, valued at approximately $709,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in Pebblebrook Hotel Trust during the second quarter worth approximately $2,435,000. GAMMA Investing LLC lifted its stake in Pebblebrook Hotel Trust by 10.5% in the second quarter. GAMMA Investing LLC now owns 11,876 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 1,130 shares during the period. Amundi lifted its stake in Pebblebrook Hotel Trust by 4.1% in the first quarter. Amundi now owns 84,843 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 3,371 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Pebblebrook Hotel Trust by 34.5% during the 1st quarter. California State Teachers Retirement System now owns 149,266 shares of the real estate investment trust’s stock worth $1,885,000 after buying an additional 38,289 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Pebblebrook Hotel Trust by 24.7% during the 1st quarter. Quantinno Capital Management LP now owns 118,779 shares of the real estate investment trust’s stock worth $1,500,000 after buying an additional 23,527 shares in the last quarter.

Pebblebrook Hotel Trust Stock Up 0.0%

PEB stock opened at $18.25 on Monday. The stock’s 50 day simple moving average is $18.63 and its 200 day simple moving average is $15.21. The company has a market cap of $2.06 billion, a P/E ratio of -26.46, a price-to-earnings-growth ratio of 1.25 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34. Pebblebrook Hotel Trust has a fifty-two week low of $9.88 and a fifty-two week high of $19.93.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pebblebrook Hotel Trust’s payout ratio is currently -5.80%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Monday, June 8th. LADENBURG THALM/SH SH increased 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, July 31st. Evercore set a $15.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, April 27th. Stifel Nicolaus raised their price target on shares of Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Cantor Fitzgerald lifted their price target on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.44.

Pebblebrook Hotel Trust Company Profile

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.