T. Rowe Price Investment Management Inc. Acquires 94,446 Shares of Pebblebrook Hotel Trust $PEB

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in Pebblebrook Hotel Trust by 1.4%, acquiring an additional 94,446 shares, bringing its total to approximately 6.8 million shares valued at $68.96 million.
• Pebblebrook Hotel Trust reported earnings of $0.65 per share for the most recent quarter, exceeding estimates and showing a 2.6% revenue increase year-over-year, with a revenue total of $407.54 million.
• The company's latest dividend payout was $0.01 per share with an annualized yield of 0.4%, and its dividend payout ratio currently stands at -6.90%.

T. Rowe Price Investment Management Inc. increased its position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,807,602 shares of the real estate investment trust's stock after acquiring an additional 94,446 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 5.74% of Pebblebrook Hotel Trust worth $68,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PEB. GF Fund Management CO. LTD. purchased a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $30,000. CWM LLC lifted its position in Pebblebrook Hotel Trust by 324.2% during the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 2,347 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter worth $99,000. Cantor Fitzgerald L. P. purchased a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $136,000. Finally, Algert Global LLC bought a new stake in Pebblebrook Hotel Trust during the 4th quarter worth approximately $148,000.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock traded down $0.22 during trading on Thursday, hitting $11.03. 345,759 shares of the stock were exchanged, compared to its average volume of 2,259,290. The stock has a market cap of $1.31 billion, a PE ratio of -19.01 and a beta of 1.85. The stock's fifty day moving average is $10.24 and its 200 day moving average is $10.12. 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.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating 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 business had revenue of $407.54 million during the quarter, compared to analyst estimates of $398.77 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The company's 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. As a group, sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. Pebblebrook Hotel Trust's payout ratio is currently -6.90%.

Analyst Ratings Changes

Several brokerages have recently commented on PEB. Wells Fargo & Company raised their price target on Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday. Wedbush set a $9.00 price target on shares of Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Truist Financial set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the company a "hold" rating in a research note on Monday, June 2nd. Stifel Nicolaus set a $13.00 target price on shares of Pebblebrook Hotel Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Evercore ISI increased their price target on shares of Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a research note on Monday, July 28th. One equities 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $11.89.

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.