Legal & General Group Plc Buys New Position in Pebblebrook Hotel Trust $PEB

Legal & General Group Plc bought a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,901,350 shares of the real estate investment trust’s stock, valued at approximately $36,905,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Pebblebrook Hotel Trust in the 1st quarter worth approximately $34,000. Quadrant Capital Group LLC increased its stake in shares of Pebblebrook Hotel Trust by 32.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 796 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Pebblebrook Hotel Trust during the fourth quarter worth approximately $38,000. Hantz Financial Services Inc. raised its holdings in Pebblebrook Hotel Trust by 188.0% during the fourth quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 3,296 shares in the last quarter. Finally, Group One Trading LLC acquired a new stake in Pebblebrook Hotel Trust in the second quarter worth approximately $86,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Friday, June 12th. Citigroup boosted their price objective on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company raised their target price on Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Morgan Stanley lifted their target price on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Finally, Zacks Research cut shares of Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.37.

Pebblebrook Hotel Trust Price Performance

NYSE PEB opened at $18.55 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.83. Pebblebrook Hotel Trust has a 1 year low of $9.99 and a 1 year high of $19.93. The company has a market cap of $2.09 billion, a PE ratio of -26.88, a PEG ratio of 1.25 and a beta of 1.40. The stock’s 50-day moving average price is $18.67 and its two-hundred day moving average price is $15.66.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.12 by $0.56. The company had revenue of $407.14 million during the quarter, compared to analysts’ expectations of $400.05 million. Pebblebrook Hotel Trust had a negative net margin of 3.11% and a negative return on equity of 1.83%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company posted $0.65 earnings per share. 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. On average, analysts predict that Pebblebrook Hotel Trust will post 1.7 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, June 30th. Pebblebrook Hotel Trust’s payout ratio is presently -5.80%.

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.