Pebblebrook Hotel Trust $PEB Shares Bought by Earnest Partners LLC

Key Points

• Earnest Partners LLC increased its stake in Pebblebrook Hotel Trust by 2.4%, owning a total of 5,056,675 shares valued at approximately $51.2 million after acquiring 120,369 additional shares.
• Pebblebrook Hotel Trust recently reported $0.65 EPS for the last quarter, exceeding analysts' expectations, with quarterly revenue of $407.54 million, reflecting a 2.6% year-over-year increase.
• The company's stock has a market cap of $1.33 billion and analysts generally rate it as "Reduce", with an average price target of $11.89.

Earnest Partners LLC grew its position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,056,675 shares of the real estate investment trust's stock after buying an additional 120,369 shares during the quarter. Earnest Partners LLC owned 4.26% of Pebblebrook Hotel Trust worth $51,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Aberdeen Group plc raised its stake in shares of 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 valued at $377,000 after acquiring an additional 1,534 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in shares of 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 valued at $141,000 after acquiring an additional 2,172 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 grew its stake 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 worth $31,000 after purchasing an additional 2,347 shares in the last quarter.

Pebblebrook Hotel Trust Stock Down 0.8%

NYSE:PEB traded down $0.10 during midday trading on Monday, hitting $11.15. 2,229,766 shares of the company were exchanged, compared to its average volume of 1,946,327. The company has a fifty day simple moving average of $10.31 and a 200 day simple moving average of $10.07. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week 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 capitalization of $1.32 billion, a PE ratio of -19.22 and a beta of 1.82.

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, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $407.54 million for 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%. Pebblebrook Hotel Trust's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last 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. As a group, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 annualized dividend and a dividend yield of 0.4%. Pebblebrook Hotel Trust's dividend payout ratio is -6.90%.

Wall Street Analysts Forecast Growth

PEB has been the subject of a number of analyst reports. Truist Financial set a $9.00 target price on shares of Pebblebrook Hotel Trust and gave the stock a "hold" rating in a research note on Monday, June 2nd. 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 research note on Wednesday, August 27th. Morgan Stanley reiterated an "underweight" rating and set a $10.00 target price on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Wedbush set a $9.00 target price on shares of Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. 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 research note on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $11.89.

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.