Kettle Hill Capital Management LLC Takes Position in Pebblebrook Hotel Trust $PEB

Key Points

• Kettle Hill Capital Management LLC acquired a new stake in Pebblebrook Hotel Trust, purchasing 292,152 shares valued at approximately $2.96 million, representing 0.25% ownership of the company.
• Pebblebrook Hotel Trust reported earnings of $0.65 per share, exceeding analysts' expectations by $0.06, along with $407.54 million in revenue for the quarter.
• The company declared a quarterly dividend of $0.01 per share, resulting in an annualized yield of 0.3%, and has set guidance for Q3 2025 earnings per share between 0.450 and 0.510.

Kettle Hill Capital Management LLC acquired a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 292,152 shares of the real estate investment trust's stock, valued at approximately $2,960,000. Kettle Hill Capital Management LLC owned approximately 0.25% of Pebblebrook Hotel Trust at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PEB. AQR Capital Management LLC increased its position in Pebblebrook Hotel Trust by 174.6% in the 1st quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust's stock valued at $941,000 after acquiring an additional 59,367 shares during the period. Cubist Systematic Strategies LLC increased its position in Pebblebrook Hotel Trust by 34.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 35,934 shares of the real estate investment trust's stock valued at $364,000 after acquiring an additional 9,275 shares during the period. DRW Securities LLC acquired a new position in Pebblebrook Hotel Trust in the 1st quarter valued at approximately $143,000. Palogic Value Management L.P. increased its position in Pebblebrook Hotel Trust by 54.6% in the 1st quarter. Palogic Value Management L.P. now owns 300,000 shares of the real estate investment trust's stock valued at $3,039,000 after acquiring an additional 106,000 shares during the period. Finally, Vident Advisory LLC acquired a new position in Pebblebrook Hotel Trust in the 1st quarter valued at approximately $146,000.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PEB shares. Stifel Nicolaus set a $13.00 price target on shares of Pebblebrook Hotel Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Morgan Stanley reaffirmed an "underweight" rating and issued a $10.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Evercore ISI upped their price objective on shares of Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a research note on Monday, July 28th. Wells Fargo & Company upped their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Finally, Truist Financial set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the company a "hold" rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $11.89.

Pebblebrook Hotel Trust Stock Up 0.0%

PEB traded up $0.01 during trading on Wednesday, hitting $11.45. 281,468 shares of the company's stock were exchanged, compared to its average volume of 2,247,602. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.82. The business's 50 day moving average is $10.54 and its two-hundred day moving average is $10.05. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.12. The stock has a market cap of $1.36 billion, a P/E ratio of -19.73 and a beta of 1.82.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The firm had revenue of $407.54 million for the quarter, compared to the consensus estimate of $398.77 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The business's revenue was up 2.6% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. As a group, equities analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.01 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. Pebblebrook Hotel Trust's dividend payout ratio is currently -6.90%.

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.