Pebblebrook Hotel Trust $PEB Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 34.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,934 shares of the real estate investment trust’s stock after acquiring an additional 9,275 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Pebblebrook Hotel Trust were worth $364,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its stake in shares of Pebblebrook Hotel Trust by 1.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,807,602 shares of the real estate investment trust’s stock worth $68,962,000 after purchasing an additional 94,446 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Pebblebrook Hotel Trust by 2.4% in the first quarter. Earnest Partners LLC now owns 5,056,675 shares of the real estate investment trust’s stock worth $51,224,000 after purchasing an additional 120,369 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Pebblebrook Hotel Trust by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,556,288 shares of the real estate investment trust’s stock worth $25,895,000 after purchasing an additional 51,537 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 82.3% in the fourth quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock worth $31,779,000 after purchasing an additional 1,058,664 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth about $8,993,000.

Analysts Set New Price Targets

PEB has been the subject of several research analyst reports. Truist Financial raised their price objective on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday. Morgan Stanley restated an “underweight” rating and issued a $10.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Stifel Nicolaus set a $13.00 price objective on Pebblebrook Hotel Trust and gave the company a “buy” rating in a report on Wednesday, July 30th. Evercore ISI boosted their price objective on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an “in-line” rating in a report on Monday, July 28th. Finally, Wells Fargo & Company boosted their price objective on Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $12.11.

Pebblebrook Hotel Trust Stock Up 3.0%

Pebblebrook Hotel Trust stock opened at $11.80 on Friday. The stock has a market capitalization of $1.40 billion, a PE ratio of -20.35 and a beta of 1.82. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.12. The business has a 50 day simple moving average of $10.58 and a 200-day simple moving average of $10.06. 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 (NYSE:PEB) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business 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 business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. 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, analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal 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 given 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 payout ratio is -6.90%.

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.