HGI Capital Management LLC Sells 42,340 Shares of Pebblebrook Hotel Trust $PEB

Key Points

• HGI Capital Management LLC reduced its stake in Pebblebrook Hotel Trust by 17.6%, selling 42,340 shares and now holding 198,041 shares, which constitutes 2.5% of its investment portfolio.
• Despite the trimming by one investor, other institutional investors like T. Rowe Price and Alyeska Investment Group have increased their holdings in Pebblebrook Hotel Trust during the same period.
• Pebblebrook Hotel Trust reported earnings of $0.65 per share in its latest quarter, exceeding expectations, with a revenue of $407.54 million, reflecting a 2.6% year-over-year increase.

HGI Capital Management LLC reduced its position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 17.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,041 shares of the real estate investment trust's stock after selling 42,340 shares during the period. Pebblebrook Hotel Trust makes up about 2.5% of HGI Capital Management LLC's investment portfolio, making the stock its 18th biggest position. HGI Capital Management LLC owned approximately 0.17% of Pebblebrook Hotel Trust worth $2,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GF Fund Management CO. LTD. purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth $30,000. CWM LLC boosted its stake in shares of Pebblebrook Hotel Trust by 324.2% in the 1st quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock worth $31,000 after buying an additional 2,347 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Pebblebrook Hotel Trust by 1,405.7% in the 1st quarter. AlphaQuest LLC now owns 8,251 shares of the real estate investment trust's stock worth $84,000 after buying an additional 7,703 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter worth $99,000. Finally, Integrated Investment Consultants LLC purchased a new position in shares of Pebblebrook Hotel Trust in the 1st quarter worth $130,000.

Pebblebrook Hotel Trust Price Performance

Shares of Pebblebrook Hotel Trust stock traded down $0.10 during trading hours on Monday, hitting $11.15. The company's stock had a trading volume of 2,229,766 shares, compared to its average volume of 1,946,327. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $15.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 1.31. The business has a 50 day moving average price of $10.31 and a two-hundred day moving average price of $10.07. The company has a market cap of $1.32 billion, a PE ratio of -19.22 and a beta of 1.82.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its earnings results 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. 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 for the quarter, compared to analysts' expectations of $398.77 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The business's revenue was up 2.6% compared to the same quarter last year. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. Analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend 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 Upgrades and Downgrades

PEB has been the topic of a number of research reports. 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. Morgan Stanley reiterated an "underweight" rating and set a $10.00 target price on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 15th. Truist Financial set a $9.00 target price on Pebblebrook Hotel Trust and gave the company a "hold" rating in a research report on Monday, June 2nd. Wells Fargo & Company lifted their target price on Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Finally, Evercore ISI lifted their target price on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $11.89.

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.