William Blair Investment Management LLC Sells 293,545 Shares of Pebblebrook Hotel Trust $PEB

Key Points

• William Blair Investment Management LLC has reduced its stake in Pebblebrook Hotel Trust by 14.2%, selling 293,545 shares and currently holding approximately 1.49% of the company valued at $17.7 million.
• Pebblebrook Hotel Trust reported $0.65 EPS in its latest quarterly results, surpassing analysts' estimates and showing a 2.6% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.01 per share, yielding 0.4%, with a current payout ratio of -6.90%.

William Blair Investment Management LLC decreased its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 14.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,773,609 shares of the real estate investment trust's stock after selling 293,545 shares during the period. William Blair Investment Management LLC owned approximately 1.49% of Pebblebrook Hotel Trust worth $17,718,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PEB. Woodline Partners LP purchased a new position in Pebblebrook Hotel Trust during the 1st quarter valued at about $30,155,000. Kettle Hill Capital Management LLC purchased a new stake in Pebblebrook Hotel Trust during the first quarter valued at approximately $2,960,000. Allianz Asset Management GmbH increased its holdings in Pebblebrook Hotel Trust by 378.0% during the second quarter. Allianz Asset Management GmbH now owns 339,232 shares of the real estate investment trust's stock valued at $3,389,000 after buying an additional 268,261 shares during the last quarter. Anson Funds Management LP bought a new position in shares of Pebblebrook Hotel Trust in the first quarter worth approximately $2,532,000. Finally, Victory Capital Management Inc. boosted its position in shares of Pebblebrook Hotel Trust by 982.6% in the first quarter. Victory Capital Management Inc. now owns 274,929 shares of the real estate investment trust's stock worth $2,785,000 after purchasing an additional 249,534 shares during the period.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB opened at $10.79 on Monday. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $15.12. The firm has a market cap of $1.28 billion, a PE ratio of -18.60 and a beta of 1.85. The firm has a fifty day moving average of $11.00 and a 200 day moving average of $10.08. 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 released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 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 earned $0.69 earnings per share. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. 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, research analysts predict that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on PEB shares. Weiss Ratings restated a "sell (d+)" rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 8th. Truist Financial raised their price target on shares of Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the stock a "hold" rating in a research note on Thursday, September 11th. Evercore ISI raised their target price 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. Morgan Stanley reaffirmed an "underweight" rating and issued a $10.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus set a $14.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $12.20.

Pebblebrook Hotel Trust 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.

Want to see what other hedge funds are holding PEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pebblebrook Hotel Trust (NYSE:PEB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.