Pebblebrook Hotel Trust $PEB Position Trimmed by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. reduced its holdings in Pebblebrook Hotel Trust by 29.9%, selling over 1.2 million shares during the first quarter.
• Pebblebrook Hotel Trust reported a Q2 earnings per share (EPS) of $0.65, exceeding the consensus estimate of $0.59, alongside a revenue increase of 2.6% year-over-year.
• The company declared a quarterly dividend of $0.01 per share, with an annualized dividend yield of 0.3%, though it has a negative dividend payout ratio.

Alyeska Investment Group L.P. lessened its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 29.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,919,673 shares of the real estate investment trust's stock after selling 1,248,097 shares during the quarter. Alyeska Investment Group L.P. owned approximately 2.46% of Pebblebrook Hotel Trust worth $29,576,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GF Fund Management CO. LTD. bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at approximately $30,000. CWM LLC raised its stake in shares of Pebblebrook Hotel Trust by 324.2% in the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 2,347 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at $99,000. AlphaQuest LLC raised its stake in shares of Pebblebrook Hotel Trust by 1,405.7% in the first quarter. AlphaQuest LLC now owns 8,251 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 7,703 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $148,000.

Analyst Ratings Changes

PEB has been the topic of several research analyst reports. Truist Financial set a $9.00 target price on Pebblebrook Hotel Trust and gave the stock a "hold" rating in a report on Monday, June 2nd. Stifel Nicolaus set a $13.00 target price on Pebblebrook Hotel Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company raised their price target on Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Evercore ISI raised their price target 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. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 price target on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of "Reduce" and a consensus target price of $11.89.

Pebblebrook Hotel Trust Trading Up 5.0%

NYSE PEB opened at $11.56 on Thursday. The business has a 50 day simple moving average of $10.41 and a 200 day simple moving average of $10.08. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $15.12. The stock has a market capitalization of $1.37 billion, a P/E ratio of -19.93 and a beta of 1.82. 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 released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $407.54 million during the quarter, compared to the consensus estimate of $398.77 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company's quarterly 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. Research analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, 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 0.3%. The ex-dividend date was Monday, June 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -6.90%.

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.

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