Alyeska Investment Group L.P. Has $29.58 Million Position in Pebblebrook Hotel Trust $PEB

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

A number of other hedge funds and other institutional investors also recently modified their holdings of PEB. T. Rowe Price Investment Management Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 1.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,807,602 shares of the real estate investment trust's stock worth $68,962,000 after buying an additional 94,446 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Pebblebrook Hotel Trust by 2.4% during the 1st quarter. Earnest Partners LLC now owns 5,056,675 shares of the real estate investment trust's stock worth $51,224,000 after buying an additional 120,369 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 2.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,556,288 shares of the real estate investment trust's stock worth $25,895,000 after buying an additional 51,537 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Pebblebrook Hotel Trust by 82.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust's stock worth $31,779,000 after buying an additional 1,058,664 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Pebblebrook Hotel Trust by 27.5% during the 4th quarter. Northern Trust Corp now owns 1,583,457 shares of the real estate investment trust's stock worth $21,456,000 after buying an additional 341,630 shares during the last quarter.

Analysts Set New Price Targets

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

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock traded down $0.09 during midday trading on Tuesday, hitting $11.47. The company's stock had a trading volume of 398,876 shares, compared to its average volume of 2,254,753. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31. The company has a 50-day moving average price of $10.51 and a two-hundred day moving average price of $10.04. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -19.73 and a beta of 1.82.

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 for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $398.77 million. During the same quarter in the previous year, the company earned $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 year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed 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 was Monday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.3%. Pebblebrook Hotel Trust's payout ratio is -6.90%.

About Pebblebrook Hotel Trust

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.