Public Employees Retirement System of Ohio Makes New Investment in Pebblebrook Hotel Trust $PEB

Key Points

• Public Employees Retirement System of Ohio acquired 130,215 shares of Pebblebrook Hotel Trust in the second quarter, valued at approximately $2.53 million and representing about 0.12% of the company.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $17.37; targets range from $13 to $19.
• Pebblebrook reported quarterly EPS of $0.68, exceeding the $0.12 consensus estimate, while revenue reached $407.14 million. The REIT also declared a quarterly dividend of $0.01 per share, equivalent to a 0.2% annual yield.

Public Employees Retirement System of Ohio bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 130,215 shares of the real estate investment trust's stock, valued at approximately $2,527,000. Public Employees Retirement System of Ohio owned approximately 0.12% of Pebblebrook Hotel Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEB. AQR Capital Management LLC raised its holdings in Pebblebrook Hotel Trust by 174.6% in the 1st quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust's stock valued at $941,000 after acquiring an additional 59,367 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Pebblebrook Hotel Trust by 4.5% during the 1st 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 during the last quarter. Caxton Associates LLP purchased a new stake in shares of Pebblebrook Hotel Trust in the first quarter valued at approximately $310,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Pebblebrook Hotel Trust by 8.0% in 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 in 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.

Analyst Ratings Changes

A number of equities analysts have weighed in on PEB shares. BMO Capital Markets reissued a "market perform" rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Friday, June 12th. Barclays reduced their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an "underweight" rating on the stock in a report on Thursday, August 27th. Wells Fargo & Company upped their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an "equal weight" rating in a report on Thursday, July 23rd. Zacks Research cut shares of Pebblebrook Hotel Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Finally, Morgan Stanley lifted their target price on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.37.

Pebblebrook Hotel Trust Price Performance

PEB stock opened at $18.03 on Friday. The business has a fifty day moving average of $18.60 and a two-hundred day moving average of $15.84. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -26.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40. Pebblebrook Hotel Trust has a 52-week low of $9.99 and a 52-week high of $19.93.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.12 by $0.56. The business had revenue of $407.14 million for the quarter, compared to analyst estimates 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 quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. 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. As a group, research analysts anticipate that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -5.80%.

Pebblebrook Hotel Trust 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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