Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Holdings in Pebblebrook Hotel Trust $PEB

Key Points

• Mitsubishi UFJ Asset Management acquired 98,172 shares of Pebblebrook Hotel Trust, worth approximately $1.9 million, giving it a 0.09% stake.
• Analyst sentiment is mixed but improving: the stock has an average “Hold” rating and a consensus price target of $17.44, below its reported opening price of $18.44.
• Pebblebrook beat quarterly earnings expectations with $0.68 EPS versus $0.12 expected, while revenue reached $407.14 million; it also declared a quarterly dividend of $0.01 per share.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 98,172 shares of the real estate investment trust's stock, valued at approximately $1,906,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Pebblebrook Hotel Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 32.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 796 shares during the period. Amundi increased its holdings in Pebblebrook Hotel Trust by 1.1% in the fourth quarter. Amundi now owns 81,472 shares of the real estate investment trust's stock valued at $922,000 after purchasing an additional 857 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Pebblebrook Hotel Trust by 33.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 865 shares during the last quarter. GAMMA Investing LLC raised its position in Pebblebrook Hotel Trust by 10.5% during the 2nd quarter. GAMMA Investing LLC now owns 11,876 shares of the real estate investment trust's stock worth $231,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Pebblebrook Hotel Trust by 4.9% in the 4th quarter. Inspire Investing LLC now owns 41,478 shares of the real estate investment trust's stock valued at $470,000 after buying an additional 1,931 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Raymond James Financial reaffirmed an "outperform" rating and issued a $18.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Monday, June 8th. Truist Financial increased their price objective on shares of Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Evercore set a $15.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, April 27th. LADENBURG THALM/SH SH upped their price target on shares of Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised Pebblebrook Hotel Trust from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of "Hold" and a consensus target price of $17.44.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB opened at $18.44 on Friday. The firm has a market capitalization of $2.08 billion, a P/E ratio of -26.72, a P/E/G ratio of 1.27 and a beta of 1.40. The firm's 50-day moving average price is $18.72 and its 200-day moving average price is $15.43. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.83. Pebblebrook Hotel Trust has a 1-year low of $9.99 and a 1-year high of $19.93.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.12 by $0.56. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.The company had revenue of $407.14 million during the quarter, compared to the consensus estimate of $400.05 million. During the same period last year, the business posted $0.65 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. 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. Equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

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

About Pebblebrook Hotel Trust

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.

Want to see what other hedge funds are holding PEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pebblebrook Hotel Trust (NYSE:PEB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source