Fuller & Thaler Asset Management Inc. Sells 73,501 Shares of Pebblebrook Hotel Trust $PEB

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Pebblebrook Hotel Trust by 1.1%, owning 6,472,919 shares valued at approximately $65.57 million after selling 73,501 shares.
• Analysts have mixed ratings on Pebblebrook Hotel Trust, with an average price target of $11.78 and four analysts rating it as a "sell" while only one gave it a "buy" rating.
• Pebblebrook Hotel Trust reported earnings of $0.65 EPS, exceeding analyst expectations, with revenue of $407.54 million for the last quarter, reflecting a 2.6% increase year-over-year.

Fuller & Thaler Asset Management Inc. cut its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,472,919 shares of the real estate investment trust's stock after selling 73,501 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 5.45% of Pebblebrook Hotel Trust worth $65,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aberdeen Group plc lifted its holdings in Pebblebrook Hotel Trust by 4.3% during the first quarter. Aberdeen Group plc now owns 37,230 shares of the real estate investment trust's stock worth $377,000 after acquiring an additional 1,534 shares in the last quarter. Boston Partners lifted its holdings in Pebblebrook Hotel Trust by 5.0% during the first quarter. Boston Partners now owns 72,140 shares of the real estate investment trust's stock worth $731,000 after acquiring an additional 3,412 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in Pebblebrook Hotel Trust by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 52,099 shares of the real estate investment trust's stock worth $529,000 after acquiring an additional 4,801 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Pebblebrook Hotel Trust by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 379,531 shares of the real estate investment trust's stock worth $3,845,000 after acquiring an additional 81,343 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Pebblebrook Hotel Trust by 10.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 84,591 shares of the real estate investment trust's stock worth $857,000 after acquiring an additional 7,988 shares in the last quarter.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB traded up $0.6550 during trading on Friday, reaching $10.6550. 3,238,828 shares of the company's stock were exchanged, compared to its average volume of 2,250,600. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.12. The stock has a market capitalization of $1.26 billion, a P/E ratio of -18.37 and a beta of 1.85. The business has a 50 day moving average price of $10.16 and a 200-day moving average price of $10.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31.

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

Pebblebrook Hotel Trust Dividend Announcement

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

Analyst Ratings Changes

PEB has been the topic of several recent research reports. Wells Fargo & Company reissued a "negative" rating on shares of Pebblebrook Hotel Trust in a research note 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 research note on Wednesday, July 30th. Truist Financial set a $9.00 price target on Pebblebrook Hotel Trust and gave the company a "hold" rating in a research note on Monday, June 2nd. Wedbush set a $9.00 price target on Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Finally, Evercore ISI lifted their price target on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $11.78.

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.