Donald Smith & CO. Inc. Invests $9.24 Million in Pebblebrook Hotel Trust $PEB

Donald Smith & CO. Inc. acquired a new stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 476,163 shares of the real estate investment trust's stock, valued at approximately $9,242,000. Donald Smith & CO. Inc. owned about 0.42% of Pebblebrook Hotel Trust as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PEB. Alyeska Investment Group L.P. boosted its holdings in Pebblebrook Hotel Trust by 11.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,964,179 shares of the real estate investment trust's stock worth $78,835,000 after purchasing an additional 695,277 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Pebblebrook Hotel Trust by 13.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,180,800 shares of the real estate investment trust's stock valued at $69,969,000 after buying an additional 711,042 shares during the last quarter. Millennium Management LLC lifted its position in Pebblebrook Hotel Trust by 46.1% during the 4th quarter. Millennium Management LLC now owns 3,158,256 shares of the real estate investment trust's stock worth $35,751,000 after buying an additional 997,119 shares in the last quarter. Woodline Partners LP lifted its position in Pebblebrook Hotel Trust by 114.6% during the 3rd quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust's stock worth $35,889,000 after buying an additional 1,682,855 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 3,033,952 shares of the real estate investment trust's stock worth $34,350,000 after buying an additional 177,466 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded Pebblebrook Hotel Trust from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Barclays upped their target price on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the stock an "underweight" rating in a report on Tuesday, July 21st. Truist Financial increased their price target on Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the company a "buy" rating in a research report on Monday, June 29th. Morgan Stanley raised their price target 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. Finally, Citigroup boosted their price target on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $17.44.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB opened at $18.44 on Friday. The firm has a 50-day moving average of $18.72 and a 200-day moving average of $15.43. Pebblebrook Hotel Trust has a one year low of $9.99 and a one year high of $19.93. The company has a market cap of $2.08 billion, a PE ratio of -26.72, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.34 and a quick ratio of 1.34.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.56. The company had revenue of $407.14 million for the quarter, compared to analyst estimates of $400.05 million. Pebblebrook Hotel Trust had a negative net margin of 3.11% and a negative return on equity of 1.83%. Pebblebrook Hotel Trust's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. 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. As a group, equities analysts forecast that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Pebblebrook Hotel Trust's payout ratio is -5.80%.

Pebblebrook Hotel Trust Profile

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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