Bayforest Capital Ltd Takes $394,000 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 acquired a new stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 38,871 shares of the real estate investment trust's stock, valued at approximately $394,000.

A number of other institutional investors have also made changes to their positions in PEB. GF Fund Management CO. LTD. bought a new position in Pebblebrook Hotel Trust in the 4th quarter worth approximately $30,000. CWM LLC increased its position in Pebblebrook Hotel Trust by 324.2% in the 1st quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock worth $31,000 after buying an additional 2,347 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $99,000. AlphaQuest LLC grew its holdings in shares of Pebblebrook Hotel Trust by 1,405.7% during the 1st quarter. AlphaQuest LLC now owns 8,251 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 7,703 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $148,000.

Pebblebrook Hotel Trust Price Performance

Shares of PEB stock opened at $11.47 on Thursday. The stock's fifty day simple moving average is $10.55 and its 200 day simple moving average is $10.06. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -19.77 and a beta of 1.82. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $407.54 million for the quarter, compared to analyst estimates of $398.77 million. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.Pebblebrook Hotel Trust's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 EPS. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. On average, analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. Pebblebrook Hotel Trust's payout ratio is currently -6.90%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Truist Financial set a $9.00 price objective on Pebblebrook Hotel Trust and gave the stock a "hold" rating in a report on Monday, June 2nd. Evercore ISI lifted their price objective on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an "in-line" rating in a report on Monday, July 28th. Morgan Stanley reissued an "underweight" rating and set a $10.00 price objective on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 15th. Finally, Stifel Nicolaus set a $13.00 price objective on Pebblebrook Hotel Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. One equities research 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 data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of "Reduce" and a consensus price target of $11.89.

About Pebblebrook Hotel Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.