Amundi Acquires 410,804 Shares of Pebblebrook Hotel Trust $PEB

Key Points

• Amundi increased its Pebblebrook Hotel Trust stake by 484.2% in the second quarter, acquiring 410,804 additional shares for a total of 495,647 shares valued at approximately $9.6 million.
• Several institutional investors also expanded their positions, including California State Teachers Retirement System, Alyeska Investment Group, Millennium Management and Woodline Partners.
• Analysts maintain a consensus “Hold” rating on PEB, with an average price target of $17.37. Shares opened at $17.84, while the company reported quarterly EPS of $0.68, exceeding the $0.12 consensus estimate.

Amundi boosted its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 484.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 495,647 shares of the real estate investment trust's stock after buying an additional 410,804 shares during the quarter. Amundi owned 0.44% of Pebblebrook Hotel Trust worth $9,621,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of Pebblebrook Hotel Trust by 1,555.8% during the second quarter. California State Teachers Retirement System now owns 2,471,572 shares of the real estate investment trust's stock valued at $47,973,000 after purchasing an additional 2,322,306 shares during the last quarter. Alyeska Investment Group L.P. grew its position in Pebblebrook Hotel Trust by 56.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 6,268,902 shares of the real estate investment trust's stock worth $71,403,000 after purchasing an additional 2,259,389 shares during the period. Millennium Management LLC raised its stake in Pebblebrook Hotel Trust by 2,584.8% during the 3rd quarter. Millennium Management LLC now owns 2,161,137 shares of the real estate investment trust's stock valued at $24,615,000 after buying an additional 2,080,641 shares during the last quarter. Legal & General Group Plc purchased a new stake in Pebblebrook Hotel Trust during the 2nd quarter valued at $36,905,000. Finally, Woodline Partners LP lifted its holdings in shares of Pebblebrook Hotel Trust by 114.6% during the 3rd quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust's stock valued at $35,889,000 after buying an additional 1,682,855 shares during the period.

Analyst Ratings Changes

A number of research firms have recently issued reports on PEB. BMO Capital Markets restated a "market perform" rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Friday, June 12th. LADENBURG THALM/SH SH lifted their price objective on Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Wells Fargo & Company upped their price objective on Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an "equal weight" rating in a research report on Thursday, July 23rd. Morgan Stanley increased their target price on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an "underweight" rating in a report on Friday, July 17th. Finally, Barclays dropped their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an "underweight" rating on the stock in a research report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $17.37.

Pebblebrook Hotel Trust Trading Down 1.3%

Shares of Pebblebrook Hotel Trust stock opened at $17.84 on Friday. The company's fifty day simple moving average is $18.49 and its 200-day simple moving average is $16.03. The stock has a market capitalization of $2.01 billion, a PE ratio of -25.85, a P/E/G ratio of 1.22 and a beta of 1.40. Pebblebrook Hotel Trust has a 1-year low of $9.99 and a 1-year high of $19.93. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.34 and a quick ratio of 1.34.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate 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 in the prior year, the business posted $0.65 EPS. Pebblebrook Hotel Trust'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. As a group, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -5.80%.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust that owns and invests in upper-upscale and luxury hotels and resorts. The company's portfolio includes independent, boutique and branded properties serving business and leisure travelers.

Pebblebrook focuses primarily on hotels in major urban and resort destinations across the United States, including markets on the West Coast, in the Northeast, the Southeast and other metropolitan and resort regions.

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