Deutsche Bank AG Sells 4,625,556 Shares of Pebblebrook Hotel Trust $PEB

Key Points

• Deutsche Bank AG reduced its stake in Pebblebrook Hotel Trust by a staggering 92.9%, selling 4,625,556 shares and now holding only 353,278 shares, worth approximately $3.58 million.
• Several institutional investors have adjusted their positions, with Charles Schwab increasing its stake by 2.1%, and XTX Topco Ltd raising its holdings by a notable 180.1%.
• Pebblebrook Hotel Trust reported a Q2 EPS of $0.65, exceeding expectations, with revenue rising 2.6% year-over-year, despite a negative net margin.

Deutsche Bank AG trimmed its position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 92.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 353,278 shares of the real estate investment trust's stock after selling 4,625,556 shares during the quarter. Deutsche Bank AG owned approximately 0.30% of Pebblebrook Hotel Trust worth $3,579,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Pebblebrook Hotel Trust by 2.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,556,288 shares of the real estate investment trust's stock valued at $25,895,000 after acquiring an additional 51,537 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Pebblebrook Hotel Trust during the 1st quarter valued at approximately $394,000. XTX Topco Ltd boosted its position in shares of Pebblebrook Hotel Trust by 180.1% in the 1st quarter. XTX Topco Ltd now owns 40,372 shares of the real estate investment trust's stock worth $409,000 after purchasing an additional 25,957 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Pebblebrook Hotel Trust by 118.8% in the 1st quarter. Federated Hermes Inc. now owns 17,500 shares of the real estate investment trust's stock worth $177,000 after purchasing an additional 9,500 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Pebblebrook Hotel Trust by 3.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,828 shares of the real estate investment trust's stock worth $880,000 after purchasing an additional 2,929 shares in the last quarter.

Analyst Upgrades and Downgrades

PEB has been the topic of a number of analyst reports. Truist Financial set a $9.00 price target on Pebblebrook Hotel Trust and gave the stock a "hold" rating in a research report on Monday, June 2nd. Evercore ISI boosted their price target on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an "in-line" rating in a research report on Monday, July 28th. Wedbush set a $9.00 price target on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Morgan Stanley reissued an "underweight" rating and issued a $10.00 price target on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus set a $13.00 price target on Pebblebrook Hotel Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of "Reduce" and an average target price of $11.78.

Pebblebrook Hotel Trust Stock Performance

PEB traded up $0.6550 during mid-day trading on Friday, reaching $10.6550. 3,238,828 shares of the company traded hands, compared to its average volume of 1,953,921. The stock has a market capitalization of $1.26 billion, a P/E ratio of -18.37 and a beta of 1.85. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.82. The company's fifty day moving average price is $10.16 and its 200-day moving average price is $10.14. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $407.54 million during the quarter, compared to analyst estimates of $398.77 million. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business 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, sell-side analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. Pebblebrook Hotel Trust's payout ratio is currently -6.90%.

Pebblebrook Hotel Trust Company 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.