Ieq Capital LLC Takes $790,000 Position in Pebblebrook Hotel Trust $PEB

Ieq Capital LLC bought a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the 2nd quarter, Holdings Channel.com reports. The firm bought 40,704 shares of the real estate investment trust’s stock, valued at approximately $790,000.

A number of other institutional investors have also recently added to or reduced their stakes in PEB. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Pebblebrook Hotel Trust in the 2nd quarter valued at $1,906,000. Voss Capital LP acquired a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $4,897,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Pebblebrook Hotel Trust by 51.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust’s stock worth $27,213,000 after buying an additional 736,078 shares during the period. Legal & General Group Plc boosted its position in shares of Pebblebrook Hotel Trust by 14.1% in the fourth quarter. Legal & General Group Plc now owns 2,566,267 shares of the real estate investment trust’s stock worth $29,050,000 after buying an additional 317,573 shares during the period. Finally, Donald Smith & CO. Inc. acquired a new stake in shares of Pebblebrook Hotel Trust in the second quarter valued at about $9,242,000.

Pebblebrook Hotel Trust Trading Down 0.3%

Shares of PEB opened at $18.32 on Friday. Pebblebrook Hotel Trust has a one year low of $9.99 and a one year high of $19.93. The stock has a 50-day moving average price of $18.68 and a 200 day moving average price of $15.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $2.07 billion, a P/E ratio of -26.54, a P/E/G ratio of 1.26 and a beta of 1.40.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.56. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.The company had revenue of $407.14 million for the quarter, compared to the consensus estimate of $400.05 million. During the same period in the previous year, the business earned $0.65 EPS. Pebblebrook Hotel Trust’s revenue for the quarter 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. Sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.7 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, June 30th. Pebblebrook Hotel Trust’s payout ratio is -5.80%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PEB shares. Cantor Fitzgerald raised their target price on Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Truist Financial increased their price objective on shares of Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Weiss Ratings upgraded shares of Pebblebrook Hotel Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Stifel Nicolaus boosted their target price on shares of Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Morgan Stanley upped their target price on shares of 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 assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.37.

About Pebblebrook Hotel Trust

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.