Pallas Capital Advisors LLC Acquires New Position in Pebblebrook Hotel Trust $PEB

Pallas Capital Advisors LLC bought a new stake in Pebblebrook Hotel Trust (NYSE:PEB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,582 shares of the real estate investment trust’s stock, valued at approximately $176,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in Pebblebrook Hotel Trust by 11.9% in the first quarter. Envestnet Asset Management Inc. now owns 601,132 shares of the real estate investment trust’s stock valued at $6,089,000 after acquiring an additional 63,915 shares during the last quarter. SG Americas Securities LLC acquired a new position in Pebblebrook Hotel Trust in the 1st quarter valued at $510,000. Avantax Advisory Services Inc. grew its stake in Pebblebrook Hotel Trust by 81.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 68,857 shares of the real estate investment trust’s stock valued at $698,000 after buying an additional 30,902 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in Pebblebrook Hotel Trust in the 1st quarter valued at $719,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Pebblebrook Hotel Trust by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,556,288 shares of the real estate investment trust’s stock valued at $25,895,000 after buying an additional 51,537 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PEB shares. Wells Fargo & Company raised their target price on shares of Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. Stifel Nicolaus set a $14.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, September 17th. Morgan Stanley reiterated an “underweight” rating and set a $10.00 target price on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Truist Financial upped their target price on shares of Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, September 11th. Finally, Evercore ISI upped 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 note on Thursday. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $12.22.

Pebblebrook Hotel Trust Trading Down 3.1%

Shares of Pebblebrook Hotel Trust stock opened at $11.59 on Tuesday. The firm has a market capitalization of $1.37 billion, a PE ratio of -19.98 and a beta of 1.82. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31. The company’s fifty day moving average price is $10.72 and its two-hundred day moving average price is $10.02. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly 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 firm had revenue of $407.54 million for the quarter, compared to analyst estimates of $398.77 million. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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, analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Pebblebrook Hotel Trust’s payout ratio is -6.90%.

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.