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

A number of other hedge funds also recently made changes to their positions in PEB. Alyeska Investment Group L.P. grew its stake in shares of Pebblebrook Hotel Trust by 43.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock valued at $56,473,000 after acquiring an additional 1,260,077 shares during the period. Nuveen Asset Management LLC grew 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 valued at $31,779,000 after acquiring an additional 1,058,664 shares during the period. Landmark Investment Partners L.P. bought a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at approximately $13,075,000. Jefferies Financial Group Inc. bought a new position in Pebblebrook Hotel Trust in the 4th quarter worth approximately $8,993,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Pebblebrook Hotel Trust by 8.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust's stock worth $90,964,000 after purchasing an additional 525,991 shares during the period.

Analyst Ratings Changes

PEB has been the subject of several recent analyst reports. Morgan Stanley restated an "underweight" rating and issued a $10.00 price target on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Truist Financial set a $9.00 price target on Pebblebrook Hotel Trust and gave the stock a "hold" rating in a research note on Monday, June 2nd. Evercore ISI upped their price target on 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 restated a "negative" rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 1st. Finally, Stifel Nicolaus set a $13.00 price target on Pebblebrook Hotel Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust currently has a consensus rating of "Reduce" and a consensus target price of $11.78.

Pebblebrook Hotel Trust Price Performance

Shares of PEB traded up $0.6550 during mid-day trading on Friday, hitting $10.6550. 3,238,828 shares of the stock were exchanged, compared to its average volume of 2,250,600. The company has a market cap of $1.26 billion, a PE ratio of -18.37 and a beta of 1.85. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.12. The firm has a 50-day moving average of $10.12 and a two-hundred day moving average of $10.17. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 1.31.

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 (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $407.54 million for the quarter, compared to analysts' expectations of $398.77 million. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. 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, equities analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 30th. Pebblebrook Hotel Trust's dividend payout ratio is presently -6.90%.

Pebblebrook Hotel Trust Company 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.