Strs Ohio Invests $226,000 in Pebblebrook Hotel Trust $PEB

Key Points

• Strs Ohio has recently acquired a new position in Pebblebrook Hotel Trust (NYSE: PEB) during the first quarter, purchasing 22,300 shares valued at approximately $226,000.
• While multiple hedge funds have increased their stakes in Pebblebrook, the company has an average target price of $12.22 and is rated as "Reduce" by analysts.
• Pebblebrook Hotel Trust has declared a quarterly dividend of $0.01 per share, reflecting an annual yield of 0.4%, with an ex-dividend date of September 30th.

Strs Ohio acquired a new position in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 22,300 shares of the real estate investment trust's stock, valued at approximately $226,000.

Several other hedge funds also recently made changes to their positions in the business. Aberdeen Group plc grew its stake in shares of Pebblebrook Hotel Trust by 4.3% in the 1st quarter. Aberdeen Group plc now owns 37,230 shares of the real estate investment trust's stock worth $377,000 after purchasing an additional 1,534 shares during the last quarter. Journey Strategic Wealth LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 18.4% in the first quarter. Journey Strategic Wealth LLC now owns 13,949 shares of the real estate investment trust's stock worth $141,000 after buying an additional 2,172 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth about $30,000. CWM LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 324.2% in the first 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Pebblebrook Hotel Trust by 3.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,828 shares of the real estate investment trust's stock worth $880,000 after buying an additional 2,929 shares during the period.

Analyst Upgrades and Downgrades

PEB has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, September 18th. Morgan Stanley reiterated an "underweight" rating and issued a $10.00 target price on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 15th. Wells Fargo & Company raised their target price on shares of Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Truist Financial raised their target price on shares of Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the stock a "hold" rating in a report on Thursday, September 11th. Finally, Evercore ISI raised their target price on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an "in-line" rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust has an average rating of "Reduce" and an average target price of $12.22.

Pebblebrook Hotel Trust Stock Performance

PEB stock opened at $11.42 on Thursday. 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 stock has a market cap of $1.35 billion, a P/E ratio of -19.69 and a beta of 1.82. The firm has a 50 day simple moving average of $10.75 and a 200 day simple moving average of $10.04. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted 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. The business had revenue of $407.54 million during the quarter, compared to analysts' expectations of $398.77 million. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. Research analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) 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.

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