Bamco Inc. NY Acquires Shares of 624,157 Pebblebrook Hotel Trust $PEB

Bamco Inc. NY acquired a new position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 624,157 shares of the real estate investment trust's stock, valued at approximately $12,115,000. Bamco Inc. NY owned approximately 0.55% of Pebblebrook Hotel Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jupiter Topco LLC purchased a new position in shares of Pebblebrook Hotel Trust during the second quarter valued at about $924,000. Hsbc Holdings PLC bought a new stake in shares of Pebblebrook Hotel Trust during the second quarter valued at approximately $4,678,000. Canada Pension Plan Investment Board purchased a new stake in Pebblebrook Hotel Trust in the second quarter worth $658,000. Legal & General Group Plc bought a new position in Pebblebrook Hotel Trust in the second quarter worth $36,905,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Pebblebrook Hotel Trust during the second quarter valued at $869,000.

Wall Street Analysts Forecast Growth

PEB has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 22nd. Zacks Research downgraded Pebblebrook Hotel Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Weiss Ratings upgraded shares of Pebblebrook Hotel Trust from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 7th. BMO Capital Markets reaffirmed a "market perform" rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Friday, June 12th. Finally, Stifel Nicolaus raised their target price on shares of Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the stock a "buy" rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of "Hold" and a consensus price target of $17.37.

Pebblebrook Hotel Trust Stock Down 0.3%

PEB opened at $18.32 on Friday. The company has a market capitalization of $2.07 billion, a PE ratio of -26.54, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. The firm has a 50-day simple moving average of $18.68 and a two-hundred day simple moving average of $15.64. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.83. Pebblebrook Hotel Trust has a 52 week low of $9.99 and a 52 week high of $19.93.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.56. The business had revenue of $407.14 million during the quarter, compared to analysts' expectations of $400.05 million. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. 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. Analysts forecast that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

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

Pebblebrook Hotel Trust 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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