State Street Corp. Amends Pebblebrook Hotel Trust Stake
Ticker: PEB-PH · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1474098
| Field | Detail |
|---|---|
| Company | Pebblebrook Hotel Trust (PEB-PH) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, REIT, passive-investing
TL;DR
**State Street still owns Pebblebrook Hotel Trust shares, no major changes.**
AI Summary
State Street Corporation, a major financial institution, filed an amended Schedule 13G/A on January 30, 2024, indicating its ownership of Pebblebrook Hotel Trust (REIT) as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, stake in the hotel REIT. This matters to investors because State Street's substantial holding suggests institutional confidence in Pebblebrook Hotel Trust, but any future changes in their stake could signal shifts in their investment outlook.
Why It Matters
This filing confirms State Street's continued passive ownership in Pebblebrook Hotel Trust, providing transparency on a major institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note State Street's continued passive stake as a sign of institutional presence, but this routine filing itself doesn't warrant immediate action. Monitor future 13G/A filings for any significant changes in ownership percentage or a shift from passive to active intent, which could signal a change in institutional sentiment.
Key Numbers
- 70509V100 — CUSIP Number (identifies the specific securities of Pebblebrook Hotel Trust)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Pebblebrook Hotel Trust (company) — the subject company (issuer) of the securities
- REIT (company) — the title of the class of securities held by State Street
- 0000093751-24-000464 (dollar_amount) — accession number for the filing
- January 30, 2024 (date) — the date the SC 13G/A filing was made
- December 31, 2023 (date) — the date of the event which required the filing
Forward-Looking Statements
- State Street Corporation will maintain a passive investment strategy in Pebblebrook Hotel Trust. (State Street Corporation) — high confidence, target: Next 12 months
- Pebblebrook Hotel Trust's stock price will not experience significant volatility directly due to this routine filing. (Pebblebrook Hotel Trust) — high confidence, target: Next 30 days
FAQ
Who filed this SC 13G/A amendment?
The SC 13G/A amendment was filed by State Street Corporation, as indicated in the 'NAME OF REPORTING PERSON' section of the filing.
What company's securities are the subject of this filing?
The securities of Pebblebrook Hotel Trust are the subject of this filing, as stated under 'NAME OF ISSUER' and 'SUBJECT COMPANY' in the filing.
What type of securities are being reported in this filing?
The filing reports on 'REIT' (Real Estate Investment Trust) securities, which is specified as the 'TITLE OF CLASS OF SECURITIES'.
When was the event date that triggered this filing?
The event date which required the filing of this statement was December 31, 2023, as explicitly stated in the filing.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13D-1 (B), as indicated by the 'X' next to 'RULE 13D-1 (B)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Pebblebrook Hotel Trust (PEB-PH).