Deutsche Bank AG Lowers Position in 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 decreased its holdings in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 92.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 353,278 shares of the real estate investment trust's stock after selling 4,625,556 shares during the period. Deutsche Bank AG owned approximately 0.30% of Pebblebrook Hotel Trust worth $3,579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PEB. GF Fund Management CO. LTD. acquired a new stake in Pebblebrook Hotel Trust during the 4th quarter worth approximately $30,000. CWM LLC raised its holdings in shares of Pebblebrook Hotel Trust by 324.2% during the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 2,347 shares during the period. Sterling Capital Management LLC grew its stake in Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 3,352 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Pebblebrook Hotel Trust during the fourth quarter worth $99,000. Finally, Cantor Fitzgerald L. P. bought a new position in Pebblebrook Hotel Trust in the 4th quarter valued at about $136,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PEB. Evercore ISI upped their target price on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a report on Monday, July 28th. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Wells Fargo & Company reissued a "negative" rating on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 1st. Stifel Nicolaus set a $13.00 price target on Pebblebrook Hotel Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 price objective on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $11.78.

Pebblebrook Hotel Trust Stock Up 6.9%

Shares of NYSE:PEB traded up $0.6940 on Friday, hitting $10.6940. 1,642,649 shares of the company traded hands, compared to its average volume of 2,239,285. The stock has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $10.17. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12. 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 has a market cap of $1.27 billion, a PE ratio of -18.37 and a beta of 1.85.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The business had revenue of $407.54 million for the quarter, compared to analysts' expectations of $398.77 million. During the same quarter in the prior year, the business earned $0.69 EPS. The business'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. As a group, research analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

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