State of Alaska Department of Revenue Buys 4,145 Shares of Pebblebrook Hotel Trust $PEB

State of Alaska Department of Revenue increased its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,754 shares of the real estate investment trust’s stock after purchasing an additional 4,145 shares during the period. State of Alaska Department of Revenue owned 0.11% of Pebblebrook Hotel Trust worth $1,275,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. raised its position 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 purchasing an additional 1,382 shares during the last quarter. Aberdeen Group plc raised its position in Pebblebrook Hotel Trust by 4.3% in the 1st quarter. Aberdeen Group plc now owns 37,230 shares of the real estate investment trust’s stock worth $377,000 after purchasing an additional 1,534 shares during the last quarter. Journey Strategic Wealth LLC raised its position in shares of Pebblebrook Hotel Trust by 18.4% during the 1st 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 during the last quarter. CWM LLC raised its position in shares of Pebblebrook Hotel Trust by 324.2% during the 1st quarter. CWM LLC now owns 3,071 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 2,347 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pebblebrook Hotel Trust by 3.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,828 shares of the real estate investment trust’s stock valued at $880,000 after acquiring an additional 2,929 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have commented on PEB shares. Cantor Fitzgerald started coverage on shares of Pebblebrook Hotel Trust in a research report on Wednesday. They set a “neutral” rating and a $12.00 target price for the company. Robert W. Baird upped their target price on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. 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 report on Thursday, September 11th. Morgan Stanley reiterated an “underweight” rating and set a $10.00 target price on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 15th. 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 report on Thursday, September 18th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Pebblebrook Hotel Trust presently has a consensus rating of “Reduce” and a consensus price target of $12.20.

Pebblebrook Hotel Trust Price Performance

PEB opened at $11.07 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. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.12. The company has a fifty day simple moving average of $10.87 and a 200 day simple moving average of $10.06. The stock has a market cap of $1.31 billion, a P/E ratio of -19.08 and a beta of 1.85.

Pebblebrook Hotel Trust (NYSE:PEB) last released 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 net margin of 2.20% and a negative return on equity of 1.17%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company 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, research analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -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.