Pebblebrook Hotel Trust $PEB Stock Position Raised by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH significantly increased its stake in Pebblebrook Hotel Trust by 378% during the second quarter, now holding approximately 339,232 shares worth about $3.39 million.
• Pebblebrook Hotel Trust recently declared a quarterly dividend of $0.01 per share, reflecting an annualized dividend yield of 0.4%.
• The company's stock has a current market cap of $1.28 billion, with a recent price-to-earnings ratio of -18.59 and a high of $15.12 in the past 12 months.

Allianz Asset Management GmbH lifted its position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 378.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 339,232 shares of the real estate investment trust's stock after acquiring an additional 268,261 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.29% of Pebblebrook Hotel Trust worth $3,389,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PEB. Harbor Capital Advisors Inc. lifted its position in shares of Pebblebrook Hotel Trust by 122.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 1,382 shares in the last quarter. CWM LLC lifted its position 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 valued at $31,000 after acquiring an additional 2,347 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at approximately $44,000. AlphaQuest LLC lifted its position 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 valued at $84,000 after acquiring an additional 7,703 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Pebblebrook Hotel Trust by 438.2% in the 2nd quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust's stock valued at $92,000 after acquiring an additional 7,533 shares in the last quarter.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB opened at $10.78 on Friday. The company's fifty day moving average is $11.08 and its 200-day moving average is $10.13. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.12. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -18.59 and a beta of 1.85. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.82.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 EPS 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 company had revenue of $407.54 million for the quarter, compared to analyst estimates of $398.77 million. During the same quarter in the prior year, the business posted $0.69 EPS. Pebblebrook Hotel Trust'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. Equities analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. Pebblebrook Hotel Trust's dividend payout ratio is -6.90%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PEB shares. Evercore ISI upped their price target on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an "in-line" rating in a research report on Thursday, September 18th. Truist Financial upped their price objective on shares of Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a "hold" rating in a research note on Thursday, September 11th. Robert W. Baird upped their price objective on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, September 18th. Stifel Nicolaus set a $14.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Wednesday, September 17th. Finally, Wells Fargo & Company upgraded shares of Pebblebrook Hotel Trust to a "hold" rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $12.10.

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.

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