Park Avenue Securities LLC Buys New Holdings in Pebblebrook Hotel Trust $PEB

Park Avenue Securities LLC bought a new stake in Pebblebrook Hotel Trust (NYSE:PEB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,207 shares of the real estate investment trust’s stock, valued at approximately $102,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 1.4% during 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 in the last quarter. Earnest Partners LLC lifted its stake in shares of Pebblebrook Hotel Trust by 2.4% during 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 in the last quarter. Woodline Partners LP acquired a new position in shares of Pebblebrook Hotel Trust during the first quarter worth about $30,155,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 2.1% during 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Pebblebrook Hotel Trust by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 659,945 shares of the real estate investment trust’s stock worth $6,685,000 after purchasing an additional 48,640 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on PEB shares. Stifel Nicolaus set a $14.00 price objective on Pebblebrook Hotel Trust in a research note on Wednesday, September 17th. Robert W. Baird boosted their price objective on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. Truist Financial lifted their target price on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, September 11th. Evercore ISI lifted their target price on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an “in-line” rating in a research report on Thursday, September 18th. Finally, Cantor Fitzgerald assumed coverage on Pebblebrook Hotel Trust in a research report on Wednesday. They set a “neutral” rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Pebblebrook Hotel Trust presently has an average rating of “Reduce” and a consensus target price of $12.20.

Pebblebrook Hotel Trust Stock Down 0.0%

Shares of Pebblebrook Hotel Trust stock opened at $11.22 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.82. The firm has a market cap of $1.33 billion, a P/E ratio of -19.34 and a beta of 1.85. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.12. The business has a 50-day moving average price of $10.86 and a 200 day moving average price of $10.06.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results 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. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The company had revenue of $407.54 million during the quarter, compared to the consensus estimate of $398.77 million. During the same period in the previous year, the firm posted $0.69 earnings per share. Pebblebrook Hotel Trust’s quarterly 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. On average, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. Pebblebrook Hotel Trust’s payout ratio is currently -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.