Fisher Asset Management LLC Sells 49,006 Shares of Pebblebrook Hotel Trust $PEB

Fisher Asset Management LLC cut its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 515,374 shares of the real estate investment trust’s stock after selling 49,006 shares during the period. Fisher Asset Management LLC owned about 0.45% of Pebblebrook Hotel Trust worth $5,834,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Pebblebrook Hotel Trust by 33.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 865 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Pebblebrook Hotel Trust by 188.0% in the 4th quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 3,296 shares in the last quarter. Pensionfund Sabic acquired a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at $72,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Pebblebrook Hotel Trust in the 3rd quarter valued at $77,000.

Pebblebrook Hotel Trust Price Performance

Shares of PEB stock opened at $15.56 on Friday. The stock’s fifty day moving average is $13.76 and its 200-day moving average is $12.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $1.76 billion, a PE ratio of -19.45, a PEG ratio of 1.43 and a beta of 1.44. Pebblebrook Hotel Trust has a 52 week low of $8.80 and a 52 week high of $15.66.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.05. The company had revenue of $345.66 million for the quarter, compared to analysts’ expectations of $331.23 million. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Equities research analysts expect that Pebblebrook Hotel Trust will post 1.54 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -5.00%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PEB shares. Morgan Stanley boosted their price target on Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 price target on shares of Pebblebrook Hotel Trust in a research note on Monday, May 4th. Zacks Research lowered Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. LADENBURG THALM/SH SH started coverage on Pebblebrook Hotel Trust in a research note on Thursday, March 26th. They issued a “neutral” rating and a $14.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on Pebblebrook Hotel Trust from $14.50 to $16.25 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.90.

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.