1,901,350 Shares in Pebblebrook Hotel Trust $PEB Bought by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,901,350 shares of the real estate investment trust’s stock, valued at approximately $36,905,000. Legal & General Group Plc owned about 1.68% of Pebblebrook Hotel Trust at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 174.6% in the 1st quarter. AQR Capital Management LLC now owns 93,371 shares of the real estate investment trust’s stock valued at $941,000 after purchasing an additional 59,367 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Pebblebrook Hotel Trust by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,002 shares of the real estate investment trust’s stock worth $719,000 after purchasing an additional 3,075 shares in the last quarter. Caxton Associates LLP acquired a new position in Pebblebrook Hotel Trust in the first quarter worth about $310,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Pebblebrook Hotel Trust by 8.0% in 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 valued at $6,685,000 after buying an additional 48,640 shares during the last quarter. Finally, Creative Planning bought a new stake in Pebblebrook Hotel Trust in the second quarter valued at about $176,000.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PEB shares. Barclays cut their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday. Weiss Ratings upgraded Pebblebrook Hotel Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Wells Fargo & Company upped their price target on Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Zacks Research cut Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Pebblebrook Hotel Trust in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and an average price target of $17.37.

Pebblebrook Hotel Trust Trading Up 1.5%

Pebblebrook Hotel Trust stock opened at $18.55 on Friday. Pebblebrook Hotel Trust has a 52-week low of $9.99 and a 52-week high of $19.93. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -26.88, a PEG ratio of 1.25 and a beta of 1.40. The firm has a 50-day moving average price of $18.67 and a two-hundred day moving average price of $15.66.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.12 by $0.56. The company had revenue of $407.14 million for the quarter, compared to analyst estimates of $400.05 million. Pebblebrook Hotel Trust had a negative net margin of 3.11% and a negative return on equity of 1.83%. Pebblebrook Hotel Trust’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. Sell-side analysts expect that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pebblebrook Hotel Trust’s payout ratio is presently -5.80%.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.