Oppenheimer Asset Management Inc. Has $1.38 Million Stock Holdings in Pebblebrook Hotel Trust $PEB

Key Points

• Oppenheimer Asset Management cut its stake in Pebblebrook Hotel Trust by 57.3% in Q4, selling 163,650 shares and ending the period with 121,866 shares worth about $1.38 million.
• Several large investors ramped up exposure—Alyeska, Millennium, Woodline and Schonfeld added millions of shares and Nomura opened a new ~$8.6 million position—indicating significant institutional buying despite Oppenheimer's reduction.
• PEB carries a consensus analyst rating of "Hold" with a $13.40 target; the stock traded near $14.32, reported an EPS beat for the quarter (‑$0.26 vs. ‑$0.31) with revenue up 7.9%, and yields just 0.3% from a $0.01 quarterly dividend.

Oppenheimer Asset Management Inc. cut its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 57.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 121,866 shares of the real estate investment trust's stock after selling 163,650 shares during the period. Oppenheimer Asset Management Inc. owned 0.11% of Pebblebrook Hotel Trust worth $1,380,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PEB. Alyeska Investment Group L.P. boosted its position in Pebblebrook Hotel Trust by 56.4% during the third quarter. Alyeska Investment Group L.P. now owns 6,268,902 shares of the real estate investment trust's stock valued at $71,403,000 after purchasing an additional 2,259,389 shares during the last quarter. Millennium Management LLC boosted its position in Pebblebrook Hotel Trust by 2,584.8% during the third quarter. Millennium Management LLC now owns 2,161,137 shares of the real estate investment trust's stock valued at $24,615,000 after purchasing an additional 2,080,641 shares during the last quarter. Woodline Partners LP boosted its position in Pebblebrook Hotel Trust by 114.6% during the third quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust's stock valued at $35,889,000 after purchasing an additional 1,682,855 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in Pebblebrook Hotel Trust by 684.1% during the third quarter. Schonfeld Strategic Advisors LLC now owns 1,576,228 shares of the real estate investment trust's stock valued at $17,953,000 after purchasing an additional 1,375,207 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Pebblebrook Hotel Trust during the third quarter valued at approximately $8,578,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. BMO Capital Markets reaffirmed a "market perform" rating and issued a $15.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Monday. Morgan Stanley raised their price objective on Pebblebrook Hotel Trust from $9.00 to $10.00 and gave the company an "underweight" rating in a research report on Friday, April 10th. Wall Street Zen raised Pebblebrook Hotel Trust from a "strong sell" rating to a "hold" rating in a research report on Saturday, February 28th. Stifel Nicolaus raised their price objective on Pebblebrook Hotel Trust from $14.50 to $16.25 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Finally, Citigroup raised their price objective on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.40.

Pebblebrook Hotel Trust Stock Performance

PEB opened at $14.32 on Wednesday. Pebblebrook Hotel Trust has a 12-month low of $8.69 and a 12-month high of $14.72. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -17.90 and a beta of 1.44. The business has a 50 day moving average of $13.02 and a 200-day moving average of $12.03. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.31) by $0.05. The company had revenue of $345.66 million during the quarter, compared to analysts' expectations of $331.23 million. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The business's revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. On average, equities research analysts expect that Pebblebrook Hotel Trust will post 1.54 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -5.00%.

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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