Alyeska Investment Group L.P. Sells 3,650,063 Shares of Pebblebrook Hotel Trust $PEB

Key Points

• Alyeska Investment Group cut its Pebblebrook Hotel Trust stake by 59.8%, selling 3,650,063 shares and retaining 2,451,933 shares worth approximately $47.6 million.
• Wall Street’s consensus rating is “Hold”, with an average price target of $17.37; recent analysts include several downgrades or underweight ratings despite some higher targets.
• Pebblebrook reported quarterly EPS of $0.68, significantly above the $0.12 consensus estimate, while revenue reached $407.1 million. Shares opened at $18.55, near their 52-week high, and the company maintains a quarterly dividend of $0.01 per share.

Alyeska Investment Group L.P. trimmed its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 59.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,451,933 shares of the real estate investment trust's stock after selling 3,650,063 shares during the period. Alyeska Investment Group L.P. owned about 2.17% of Pebblebrook Hotel Trust worth $47,592,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in Pebblebrook Hotel Trust during the first quarter worth about $34,000. Quadrant Capital Group LLC raised its holdings in Pebblebrook Hotel Trust by 32.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 796 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth approximately $38,000. Group One Trading LLC bought a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter worth approximately $86,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 188.0% during the 4th quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 3,296 shares in the last quarter.

Wall Street Analysts Forecast Growth

PEB has been the subject of a number of recent research reports. Morgan Stanley increased their target price on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an "underweight" rating in a report on Friday, July 17th. Zacks Research cut shares of Pebblebrook Hotel Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Barclays cut their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set an "underweight" rating for the company in a report on Thursday. Cantor Fitzgerald boosted 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 report on Tuesday, August 11th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Pebblebrook Hotel Trust presently has an average rating of "Hold" and an average target price of $17.37.

Pebblebrook Hotel Trust Stock Up 0.3%

Shares of PEB opened at $18.55 on Monday. The business's fifty day moving average price is $18.67 and its two-hundred day moving average price is $15.68. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -26.88, a PEG ratio of 1.27 and a beta of 1.40. Pebblebrook Hotel Trust has a 52 week low of $9.99 and a 52 week high of $19.93. 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 (NYSE:PEB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.56. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.The firm had revenue of $407.14 million during the quarter, compared to analyst estimates of $400.05 million. During the same period last year, the company earned $0.65 earnings per share. The company's revenue was down .1% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. On average, analysts predict that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Pebblebrook Hotel Trust's payout ratio is -5.80%.

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.

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