Invesco Ltd. Sells 2,879 Shares of Pebblebrook Hotel Trust $PEB

Invesco Ltd. reduced its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 0.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 678,225 shares of the real estate investment trust’s stock after selling 2,879 shares during the period. Invesco Ltd. owned about 0.57% of Pebblebrook Hotel Trust worth $6,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC grew 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 valued at $141,000 after acquiring an additional 2,172 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Pebblebrook Hotel Trust in the fourth quarter valued at approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Pebblebrook Hotel Trust by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,927 shares of the real estate investment trust’s stock worth $920,000 after acquiring an additional 2,341 shares in the last quarter. CWM LLC lifted its position in shares of 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 worth $31,000 after acquiring an additional 2,347 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Pebblebrook Hotel Trust by 3.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,828 shares of the real estate investment trust’s stock worth $880,000 after acquiring an additional 2,929 shares in the last quarter.

Pebblebrook Hotel Trust Price Performance

NYSE PEB opened at $10.90 on Wednesday. The business’s fifty day moving average price is $10.21 and its 200-day moving average price is $10.11. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -18.80 and a beta of 1.85. 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 1-year low of $7.41 and a 1-year high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results 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. The firm had revenue of $407.54 million for 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 company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, equities analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 30th. Pebblebrook Hotel Trust’s dividend payout ratio is -6.90%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus set a $13.00 price objective on Pebblebrook Hotel Trust and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the company an “underperform” rating in a research note on Tuesday, May 6th. Evercore ISI raised their target price on 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. Finally, Wells Fargo & Company reaffirmed a “negative” rating on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $11.78.

About Pebblebrook Hotel Trust

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.