Public Sector Pension Investment Board Buys 81,343 Shares of Pebblebrook Hotel Trust $PEB

Key Points

• The Public Sector Pension Investment Board increased its stake in Pebblebrook Hotel Trust by 27.3% to a total of 379,531 shares, valued at approximately $3.85 million.
• Pebblebrook Hotel Trust's recent quarterly earnings revealed an EPS of $0.65, surpassing expectations, with revenues of $407.54 million, up 2.6% year-over-year.
• The company's stock has seen a 12-month range between $7.41 and $15.12, with analysts currently maintaining a consensus rating of "Hold" and a target price of $11.78.

Public Sector Pension Investment Board increased its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 27.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,531 shares of the real estate investment trust's stock after buying an additional 81,343 shares during the period. Public Sector Pension Investment Board owned 0.32% of Pebblebrook Hotel Trust worth $3,845,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in Pebblebrook Hotel Trust by 11.9% in the first quarter. Envestnet Asset Management Inc. now owns 601,132 shares of the real estate investment trust's stock worth $6,089,000 after buying an additional 63,915 shares in the last quarter. SG Americas Securities LLC bought a new position in Pebblebrook Hotel Trust in the first quarter worth about $510,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $166,000. Nuveen Asset Management LLC increased its stake in shares of Pebblebrook Hotel Trust by 82.3% during the fourth quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust's stock valued at $31,779,000 after purchasing an additional 1,058,664 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in shares of Pebblebrook Hotel Trust by 81.4% during the first quarter. Avantax Advisory Services Inc. now owns 68,857 shares of the real estate investment trust's stock valued at $698,000 after purchasing an additional 30,902 shares in the last quarter.

Pebblebrook Hotel Trust Stock Up 6.5%

NYSE PEB traded up $0.6550 during mid-day trading on Friday, reaching $10.6550. The stock had a trading volume of 3,238,828 shares, compared to its average volume of 2,039,230. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.12. The stock has a market cap of $1.26 billion, a PE ratio of -18.37 and a beta of 1.85. The company has a fifty day moving average price of $10.16 and a 200 day moving average price of $10.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $407.54 million during the quarter, compared to analyst estimates of $398.77 million. During the same period in the previous year, the business earned $0.69 EPS. The firm's revenue for the quarter 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. On average, research analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current 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 given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 30th. Pebblebrook Hotel Trust's payout ratio is -6.90%.

Analyst Ratings Changes

PEB has been the subject of a number of analyst reports. Stifel Nicolaus set a $13.00 target price on shares of Pebblebrook Hotel Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company reaffirmed a "negative" rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 1st. Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 target price on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Evercore ISI raised their target price on shares of Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a research note on Monday, July 28th. Finally, Wedbush set a $9.00 target price on shares of Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $11.78.

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.