Pebblebrook Hotel Trust $PEB Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 47.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 420,962 shares of the real estate investment trust’s stock after selling 381,183 shares during the quarter. Nordea Investment Management AB owned 0.36% of Pebblebrook Hotel Trust worth $4,812,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PEB. Harbor Capital Advisors Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 122.1% during the second quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,382 shares during the period. Hilltop National Bank acquired a new stake in Pebblebrook Hotel Trust in the second quarter worth about $44,000. PNC Financial Services Group Inc. grew its position in Pebblebrook Hotel Trust by 115.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,507 shares in the last quarter. AdvisorShares Investments LLC increased its stake in Pebblebrook Hotel Trust by 52.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 7,621 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 2,621 shares during the period. Finally, GAMMA Investing LLC increased its stake in Pebblebrook Hotel Trust by 438.2% during the 2nd quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 7,533 shares during the period.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $12.28 on Friday. The stock’s fifty day simple moving average is $11.40 and its 200 day simple moving average is $10.99. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -10.32 and a beta of 1.53. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.86. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $14.21.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. Pebblebrook Hotel Trust had a negative return on equity of 4.02% and a negative net margin of 7.45%.The business had revenue of $398.72 million during the quarter, compared to the consensus estimate of $396.80 million. During the same period in the prior year, the business posted $0.59 earnings per share. Pebblebrook Hotel Trust’s revenue was down 1.4% compared to the same quarter last year. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. As a group, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $0.01 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -3.36%.

Analyst Upgrades and Downgrades

PEB has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Pebblebrook Hotel Trust from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday. Compass Point downgraded Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and cut their target price for the stock from $12.00 to $11.50 in a research report on Monday, November 10th. Baird R W upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Robert W. Baird set a $15.00 price objective on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a report on Monday, January 12th. Finally, Truist Financial raised their target price on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $12.08.

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.