Entropy Technologies LP Takes Position in Pebblebrook Hotel Trust $PEB

Entropy Technologies LP purchased a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB) in the 2nd quarter, Holdings Channel reports. The fund purchased 18,397 shares of the real estate investment trust’s stock, valued at approximately $184,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in Pebblebrook Hotel Trust by 122.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,382 shares during the last quarter. CWM LLC increased its position in Pebblebrook Hotel Trust by 324.2% in the 1st quarter. CWM LLC now owns 3,071 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 2,347 shares during the period. Hilltop National Bank bought a new stake in Pebblebrook Hotel Trust during the 2nd quarter valued at $44,000. PNC Financial Services Group Inc. boosted its position in Pebblebrook Hotel Trust by 115.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,507 shares during the period. Finally, AdvisorShares Investments LLC grew its stake in shares of Pebblebrook Hotel Trust by 52.4% in the second quarter. AdvisorShares Investments LLC now owns 7,621 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 2,621 shares in the last quarter.

Pebblebrook Hotel Trust Trading Down 0.9%

Pebblebrook Hotel Trust stock opened at $11.37 on Thursday. The company has a 50 day moving average price of $11.00 and a 200 day moving average price of $10.49. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -19.59 and a beta of 1.85.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The business had revenue of $398.72 million during the quarter, compared to analysts’ expectations of $396.80 million. During the same quarter last year, the firm 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. Q4 2025 guidance at 0.180-0.260 EPS. Research analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Pebblebrook Hotel Trust’s payout ratio is currently -3.36%.

Wall Street Analyst Weigh In

PEB has been the topic of a number of research analyst reports. Robert W. Baird raised their price objective on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Zacks Research cut Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday. Truist Financial lifted their target price on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, September 11th. Finally, Stifel Nicolaus set a $13.50 price target on shares of Pebblebrook Hotel Trust in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of “Reduce” and an average price target of $11.70.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.