Woodline Partners LP Takes 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 position in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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 reporting period.

Other institutional investors also recently modified their holdings of the company. GF Fund Management CO. LTD. acquired a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $30,000. CWM LLC boosted its stake in Pebblebrook Hotel Trust by 324.2% during the 1st quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 2,347 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Pebblebrook Hotel Trust during the 4th quarter worth approximately $99,000. AlphaQuest LLC boosted its stake in Pebblebrook Hotel Trust by 1,405.7% during the 1st quarter. AlphaQuest LLC now owns 8,251 shares of the real estate investment trust's stock worth $84,000 after acquiring an additional 7,703 shares during the last quarter. Finally, Algert Global LLC bought a new position in Pebblebrook Hotel Trust during the 4th quarter worth approximately $148,000.

Pebblebrook Hotel Trust Stock Down 1.1%

PEB traded down $0.13 during trading on Friday, reaching $11.68. The company had a trading volume of 1,211,926 shares, compared to its average volume of 1,906,543. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.12. The business's fifty day moving average price is $10.60 and its 200 day moving average price is $10.06. The company has a market cap of $1.38 billion, a P/E ratio of -20.14 and a beta of 1.82.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating 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 company had revenue of $407.54 million for the quarter, compared to the consensus estimate of $398.77 million. During the same period last year, the company earned $0.69 earnings per share. The firm's revenue 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. Equities analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.01 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -6.90%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PEB shares. Stifel Nicolaus set a $13.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Morgan Stanley reissued an "underweight" rating and set a $10.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Evercore ISI lifted their price objective on shares of Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an "in-line" rating in a research note on Monday, July 28th. Wells Fargo & Company lifted their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. Finally, Truist Financial lifted their price objective 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. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $12.11.

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.