The Manufacturers Life Insurance Company Takes $869,000 Position in Pebblebrook Hotel Trust $PEB

The Manufacturers Life Insurance Company purchased a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,774 shares of the real estate investment trust’s stock, valued at approximately $869,000.

Several other hedge funds have also recently modified their holdings of the stock. Quadrant Capital Group LLC increased its stake in Pebblebrook Hotel Trust by 32.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 796 shares during the period. Amundi lifted its stake in shares of Pebblebrook Hotel Trust by 1.1% in the 4th quarter. Amundi now owns 81,472 shares of the real estate investment trust’s stock worth $922,000 after acquiring an additional 857 shares during the period. GAMMA Investing LLC lifted its stake in shares of Pebblebrook Hotel Trust by 10.5% in the 2nd quarter. GAMMA Investing LLC now owns 11,876 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 1,130 shares during the period. Inspire Investing LLC lifted its stake in shares of Pebblebrook Hotel Trust by 4.9% in the 4th quarter. Inspire Investing LLC now owns 41,478 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 1,931 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in shares of Pebblebrook Hotel Trust by 26.7% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,346 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 1,972 shares in the last quarter.

Pebblebrook Hotel Trust Stock Up 1.7%

PEB stock opened at $18.03 on Friday. The company has a market cap of $2.03 billion, a P/E ratio of -26.13, a P/E/G ratio of 1.24 and a beta of 1.40. Pebblebrook Hotel Trust has a 52 week low of $9.99 and a 52 week high of $19.93. The company’s 50-day moving average price is $18.60 and its 200 day moving average price is $15.84. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.83.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.56. Pebblebrook Hotel Trust had a negative net margin of 3.11% and a negative return on equity of 1.83%. The company had revenue of $407.14 million during the quarter, compared to analysts’ expectations of $400.05 million. During the same period last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. 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. On average, research analysts expect that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on PEB. Stifel Nicolaus raised their price objective on shares of Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the company a “buy” rating in a research report on Thursday, July 30th. Zacks Research cut Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Barclays cut their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, August 27th. LADENBURG THALM/SH SH raised their price target on Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Finally, Morgan Stanley lifted their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average target price of $17.37.

Pebblebrook Hotel Trust 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.