Bank of New York Mellon Corp Purchases Shares of 964,926 Pebblebrook Hotel Trust $PEB

Key Points

• Bank of New York Mellon acquired 964,926 shares of Pebblebrook Hotel Trust in the second quarter, valued at approximately $18.7 million and representing about 0.86% of the REIT.
• Pebblebrook reported quarterly EPS of $0.68, significantly above the $0.12 consensus estimate, while revenue reached $407.1 million. However, revenue was nearly flat year over year and the company reported negative net margin and return on equity.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $17.37, below the stock’s reported opening price of $18.14. The company also declared a quarterly dividend of $0.01 per share.

Bank of New York Mellon Corp acquired a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 964,926 shares of the real estate investment trust's stock, valued at approximately $18,729,000. Bank of New York Mellon Corp owned approximately 0.86% of Pebblebrook Hotel Trust as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of Pebblebrook Hotel Trust by 51.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust's stock valued at $27,213,000 after acquiring an additional 736,078 shares in the last quarter. Voss Capital LP bought a new stake in Pebblebrook Hotel Trust during the fourth quarter worth $4,897,000. Legal & General Group Plc lifted its holdings in Pebblebrook Hotel Trust by 14.1% during the fourth quarter. Legal & General Group Plc now owns 2,566,267 shares of the real estate investment trust's stock worth $29,050,000 after acquiring an additional 317,573 shares during the period. California State Teachers Retirement System boosted its position in Pebblebrook Hotel Trust by 34.5% in the first quarter. California State Teachers Retirement System now owns 149,266 shares of the real estate investment trust's stock worth $1,885,000 after purchasing an additional 38,289 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $2,435,000.

Pebblebrook Hotel Trust Stock Down 1.9%

PEB stock opened at $18.14 on Tuesday. The stock has a 50-day simple moving average of $18.66 and a two-hundred day simple moving average of $15.72. Pebblebrook Hotel Trust has a twelve month low of $9.99 and a twelve month high of $19.93. The firm has a market capitalization of $2.05 billion, a PE ratio of -26.29, a PEG ratio of 1.27 and a beta of 1.40. 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 (NYSE:PEB - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.56. Pebblebrook Hotel Trust had a negative net margin of 3.11% and a negative return on equity of 1.83%. 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 previous year, the business earned $0.65 EPS. The business's revenue for the quarter 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, equities analysts predict that Pebblebrook Hotel Trust will post 1.7 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given 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 was Tuesday, June 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -5.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley upped their price objective on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, July 17th. Truist Financial raised their target price on Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. LADENBURG THALM/SH SH boosted their target price on Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and set a $18.00 price target on shares of Pebblebrook Hotel Trust in a research report on Monday, June 8th. Finally, Stifel Nicolaus lifted their price objective on Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the stock a "buy" rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.37.

About Pebblebrook Hotel Trust

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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