Martingale Asset Management L P Reduces Holdings in Pebblebrook Hotel Trust $PEB

Key Points

• Martingale Asset Management L P reduced its stakes in Pebblebrook Hotel Trust by 40.2%, selling 45,779 shares during the 1st quarter, leaving it with a total of 68,184 shares valued at approximately $691,000.
• Pebblebrook Hotel Trust reported a quarterly earnings per share (EPS) of $0.65, exceeding analysts' expectations of $0.59, with revenue up 2.6% year-over-year, totaling $407.54 million.
• The company announced a quarterly dividend of $0.01, equating to an annualized dividend of $0.04 and a yield of 0.4%, despite a negative dividend payout ratio of -6.90%.

Martingale Asset Management L P lowered its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 40.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 68,184 shares of the real estate investment trust's stock after selling 45,779 shares during the period. Martingale Asset Management L P owned about 0.06% of Pebblebrook Hotel Trust worth $691,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its position in Pebblebrook Hotel Trust by 1.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,807,602 shares of the real estate investment trust's stock valued at $68,962,000 after acquiring an additional 94,446 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Pebblebrook Hotel Trust by 0.3% during the 4th quarter. Earnest Partners LLC now owns 4,936,306 shares of the real estate investment trust's stock worth $66,887,000 after purchasing an additional 13,479 shares during the period. Alyeska Investment Group L.P. increased its holdings in shares of Pebblebrook Hotel Trust by 43.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock valued at $56,473,000 after purchasing an additional 1,260,077 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Pebblebrook Hotel Trust by 19.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,956,436 shares of the real estate investment trust's stock valued at $40,061,000 after purchasing an additional 481,076 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 2.1% in 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 purchasing an additional 51,537 shares during the period.

Pebblebrook Hotel Trust Price Performance

PEB stock traded down $0.05 during midday trading on Friday, reaching $11.20. The stock had a trading volume of 1,147,879 shares, compared to its average volume of 2,261,132. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-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's fifty day simple moving average is $10.27 and its 200 day simple moving average is $10.11. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -19.32 and a beta of 1.85.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $398.77 million. During the same period last year, the company posted $0.69 EPS. 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. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -6.90%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Truist Financial set a $9.00 price target on Pebblebrook Hotel Trust and gave the stock a "hold" rating in a report on Monday, June 2nd. Stifel Nicolaus set a $13.00 price objective on Pebblebrook Hotel Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wells Fargo & Company upped their target price on Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Evercore ISI increased their target price on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a research report on Monday, July 28th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $10.00 price target on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average 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.