Bayforest Capital Ltd Takes Position in Pebblebrook Hotel Trust $PEB

Key Points

• Bayforest Capital Ltd has acquired a new stake in Pebblebrook Hotel Trust worth approximately $394,000 by purchasing 38,871 shares during the first quarter.
• The recently released quarterly earnings showed Pebblebrook Hotel Trust reported $0.65 EPS, surpassing estimates, with revenues up 2.6% year-over-year.
• Pebblebrook Hotel Trust announced a quarterly dividend of $0.01, which represents an annualized yield of 0.3%.

Bayforest Capital Ltd bought a new stake 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 bought 38,871 shares of the real estate investment trust's stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aberdeen Group plc lifted its position in Pebblebrook Hotel Trust by 4.3% in the first quarter. Aberdeen Group plc now owns 37,230 shares of the real estate investment trust's stock worth $377,000 after buying an additional 1,534 shares during the last quarter. Journey Strategic Wealth LLC increased its stake in Pebblebrook Hotel Trust by 18.4% in the first quarter. Journey Strategic Wealth LLC now owns 13,949 shares of the real estate investment trust's stock worth $141,000 after purchasing an additional 2,172 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Pebblebrook Hotel Trust by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,927 shares of the real estate investment trust's stock valued at $920,000 after acquiring an additional 2,341 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Pebblebrook Hotel Trust by 324.2% in the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 2,347 shares in the last quarter.

Analyst Ratings Changes

PEB has been the subject of several recent research reports. Truist Financial lifted their price objective on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a "hold" rating in a report on Thursday, September 11th. Wells Fargo & Company boosted their target price on shares of Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Stifel Nicolaus set a $13.00 target price on shares of Pebblebrook Hotel Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Morgan Stanley reiterated an "underweight" rating and issued a $10.00 target price on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 15th. Finally, Evercore ISI boosted their target price on shares of Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an "in-line" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Pebblebrook Hotel Trust has a consensus rating of "Reduce" and an average target price of $12.11.

Pebblebrook Hotel Trust Trading Down 2.2%

PEB traded down $0.26 during mid-day trading on Tuesday, hitting $11.33. 370,782 shares of the stock were exchanged, compared to its average volume of 2,226,450. The firm's fifty day moving average is $10.62 and its two-hundred day moving average is $10.03. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.12. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.34 billion, a PE ratio of -19.54 and a beta of 1.82.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The company had revenue of $407.54 million for the quarter, compared to analyst estimates of $398.77 million. During the same quarter last year, the company earned $0.69 EPS. Pebblebrook Hotel Trust's revenue for the quarter was up 2.6% compared to the same quarter last year. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is currently -6.90%.

Pebblebrook Hotel Trust 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.