BlackRock Amends Pebblebrook Hotel Trust Stake (SC 13G/A)
Ticker: PEB-PH · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1474098
| Field | Detail |
|---|---|
| Company | Pebblebrook Hotel Trust (PEB-PH) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, hotel-reit
TL;DR
**BlackRock just updated its stake in Pebblebrook Hotel Trust, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating a change in its ownership stake in Pebblebrook Hotel Trust (PEB) as of December 31, 2023. This filing, Amendment No. 15, updates their previous disclosures regarding their holdings of Pebblebrook's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in their position can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors' decisions and the stock price.
Why It Matters
This filing shows BlackRock's updated ownership in Pebblebrook Hotel Trust, which can influence market perception and investor sentiment towards the stock.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership, not an event that inherently carries high risk.
Analyst Insight
Investors should monitor subsequent filings from BlackRock to see if their stake in Pebblebrook Hotel Trust continues to change, as significant shifts could indicate a change in their investment thesis for the company.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Pebblebrook Hotel Trust (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 15 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 15)'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company (issuer) of the securities being reported?
The subject company, or issuer, is Pebblebrook Hotel Trust, as identified by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Pebblebrook Hotel Trust' and '(Name of Issuer) PEBBLEBROOK HOTEL TRUST'.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Common Stock of Pebblebrook Hotel Trust is 70509V100, as listed under '(CUSIP Number) 70509V100'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 31, 2023, as explicitly stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding Pebblebrook Hotel Trust (PEB-PH).