OP Asset Management Ltd Takes $645,000 Position in Pebblebrook Hotel Trust $PEB

OP Asset Management Ltd purchased a new position in Pebblebrook Hotel Trust (NYSE:PEB) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,051 shares of the real estate investment trust’s stock, valued at approximately $645,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. lifted its position in Pebblebrook Hotel Trust by 11.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,964,179 shares of the real estate investment trust’s stock valued at $78,835,000 after buying an additional 695,277 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Pebblebrook Hotel Trust by 13.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,180,800 shares of the real estate investment trust’s stock worth $69,969,000 after buying an additional 711,042 shares during the period. Millennium Management LLC grew its position in shares of Pebblebrook Hotel Trust by 46.1% in the 4th quarter. Millennium Management LLC now owns 3,158,256 shares of the real estate investment trust’s stock worth $35,751,000 after buying an additional 997,119 shares during the period. Woodline Partners LP increased its stake in shares of Pebblebrook Hotel Trust by 114.6% in the 3rd quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock worth $35,889,000 after acquiring an additional 1,682,855 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Pebblebrook Hotel Trust by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 3,033,952 shares of the real estate investment trust’s stock worth $34,350,000 after acquiring an additional 177,466 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Raymond James Financial reiterated an “outperform” rating and set a $18.00 target price on shares of Pebblebrook Hotel Trust in a report on Monday, June 8th. Morgan Stanley boosted their price target on Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Barclays upped their price target on Pebblebrook Hotel Trust from $9.00 to $13.00 and gave the stock an “underweight” rating in a research note on Monday, June 1st. Finally, LADENBURG THALM/SH SH raised their price objective on Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.06.

Pebblebrook Hotel Trust Stock Up 0.5%

NYSE:PEB opened at $19.43 on Wednesday. The firm has a 50-day simple moving average of $16.01 and a two-hundred day simple moving average of $13.59. The firm has a market cap of $2.20 billion, a P/E ratio of -24.29, a P/E/G ratio of 1.68 and a beta of 1.45. Pebblebrook Hotel Trust has a fifty-two week low of $9.30 and a fifty-two week high of $19.75. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The company had revenue of $345.66 million during the quarter, compared to the consensus estimate of $331.23 million. During the same quarter last year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Analysts predict that Pebblebrook Hotel Trust will post 1.6 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -5.00%.

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.