Public Employees Retirement System of Ohio Trims Stake in Pebblebrook Hotel Trust $PEB

Public Employees Retirement System of Ohio trimmed its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,457 shares of the real estate investment trust’s stock after selling 6,519 shares during the period. Public Employees Retirement System of Ohio owned 0.15% of Pebblebrook Hotel Trust worth $1,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in Pebblebrook Hotel Trust by 438.2% in the 2nd quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust’s stock worth $92,000 after buying an additional 7,533 shares during the period. Park Avenue Securities LLC bought a new position in Pebblebrook Hotel Trust in the 2nd quarter worth $102,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Pebblebrook Hotel Trust by 53.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,098 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 10,769 shares during the period. Pallas Capital Advisors LLC bought a new position in Pebblebrook Hotel Trust in the 2nd quarter worth $176,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Pebblebrook Hotel Trust by 122.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,382 shares during the period.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB stock opened at $11.07 on Friday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -19.08 and a beta of 1.85. The company’s 50 day moving average is $10.87 and its 200 day moving average is $10.06. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.82. 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 issued its quarterly earnings data 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 company 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%. Pebblebrook Hotel Trust’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $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, sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company 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 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Pebblebrook Hotel Trust’s payout ratio is currently -6.90%.

Analyst Upgrades and Downgrades

PEB has been the subject of several recent analyst reports. Cantor Fitzgerald assumed coverage on shares of Pebblebrook Hotel Trust in a report on Wednesday. They issued a “neutral” rating and a $12.00 target price for the company. Wells Fargo & Company increased their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pebblebrook Hotel Trust in a report on Saturday, September 27th. Robert W. Baird increased their price target on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Finally, Stifel Nicolaus set a $14.00 price target on shares of Pebblebrook Hotel Trust in a report on Wednesday, September 17th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $12.20.

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.