Woodline Partners LP Takes $30.16 Million Position in Pebblebrook Hotel Trust $PEB

Key Points

• Woodline Partners LP has acquired a new position in Pebblebrook Hotel Trust, purchasing nearly 3 million shares valued at approximately $30.15 million, representing a 2.51% ownership stake.
• Analysts have mixed opinions on Pebblebrook Hotel Trust, with target prices ranging from $9.00 to $13.00 and an average rating of "Reduce."
• Pebblebrook Hotel Trust recently announced a quarterly dividend of $0.01 per share, reflecting a low yield of 0.4% and a negative dividend payout ratio.

Woodline Partners LP purchased a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,976,807 shares of the real estate investment trust's stock, valued at approximately $30,155,000. Woodline Partners LP owned 2.51% of Pebblebrook Hotel Trust at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Caxton Associates LLP purchased a new position in shares of Pebblebrook Hotel Trust during the first quarter valued at $310,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 valued at $719,000 after buying an additional 3,075 shares during the period. Kettle Hill Capital Management LLC bought a new stake in Pebblebrook Hotel Trust during the first quarter valued at about $2,960,000. AQR Capital Management LLC boosted its position in Pebblebrook Hotel Trust by 174.6% during the first quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust's stock valued at $941,000 after purchasing an additional 59,367 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Pebblebrook Hotel Trust by 34.8% during the first quarter. Cubist Systematic Strategies LLC now owns 35,934 shares of the real estate investment trust's stock valued at $364,000 after purchasing an additional 9,275 shares in the last quarter.

Wall Street Analyst Weigh In

PEB has been the topic of a number of recent research reports. Truist Financial raised their price objective on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a "hold" rating in a research report on Thursday. Evercore ISI raised their price target on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an "in-line" rating in a report on Monday, July 28th. Wells Fargo & Company raised their price target on Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 target price on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 15th. Finally, Stifel Nicolaus set a $13.00 target price on Pebblebrook Hotel Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $12.11.

Pebblebrook Hotel Trust Trading Down 0.2%

NYSE:PEB traded down $0.03 during trading hours on Monday, hitting $11.66. The company had a trading volume of 352,142 shares, compared to its average volume of 2,232,746. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $10.60 and a 200 day moving average of $10.03. The company has a market cap of $1.38 billion, a P/E ratio of -20.06 and a beta of 1.82. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $407.54 million during the quarter, compared to analysts' expectations of $398.77 million. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. Sell-side analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

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.