Penn Capital Management Company LLC Purchases New Shares in Pebblebrook Hotel Trust $PEB

Key Points

• Penn Capital Management purchased 60,911 shares of Pebblebrook Hotel Trust in the second quarter, worth approximately $1.18 million and representing about 0.05% of the REIT. Several other institutional investors also increased or initiated positions.
• Analyst sentiment remains mixed but centered on “Hold”, with a consensus price target of $17.37. Targets range from $13 to $21, while the stock recently traded at $18.55.
• Pebblebrook reported quarterly EPS of $0.68, surpassing the $0.12 consensus estimate, on revenue of $407.14 million. The company declared a quarterly dividend of $0.01 per share, equivalent to a 0.2% annualized yield.

Penn Capital Management Company LLC purchased a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 60,911 shares of the real estate investment trust's stock, valued at approximately $1,182,000. Penn Capital Management Company LLC owned approximately 0.05% of Pebblebrook Hotel Trust as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 174.6% in the first quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust's stock worth $941,000 after acquiring an additional 59,367 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Pebblebrook Hotel Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,002 shares of the real estate investment trust's stock worth $719,000 after purchasing an additional 3,075 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Pebblebrook Hotel Trust during the first quarter valued at approximately $310,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Pebblebrook Hotel Trust by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 659,945 shares of the real estate investment trust's stock valued at $6,685,000 after purchasing an additional 48,640 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of Pebblebrook Hotel Trust in the second quarter valued at approximately $176,000.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PEB shares. Weiss Ratings raised Pebblebrook Hotel Trust from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Morgan Stanley lifted their target price on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, July 17th. Barclays dropped their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an "underweight" rating for the company in a research report on Thursday. Citigroup upped their price target on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Finally, LADENBURG THALM/SH SH upped their target price on shares of Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.37.

Pebblebrook Hotel Trust Trading Up 1.5%

NYSE PEB opened at $18.55 on Friday. Pebblebrook Hotel Trust has a 12 month low of $9.99 and a 12 month high of $19.93. The stock has a 50-day simple moving average of $18.67 and a 200 day simple moving average of $15.66. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.09 billion, a PE ratio of -26.88, a P/E/G ratio of 1.27 and a beta of 1.40.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.56. The firm had revenue of $407.14 million for the quarter, compared to analysts' expectations of $400.05 million. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.The company's revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. Research analysts forecast that Pebblebrook Hotel Trust will post 1.7 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pebblebrook Hotel Trust's payout ratio is currently -5.80%.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust NYSE: PEB is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company's investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB's portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.

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