44,774 Shares in Pebblebrook Hotel Trust $PEB Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in Pebblebrook Hotel Trust (NYSE:PEB) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 44,774 shares of the real estate investment trust’s stock, valued at approximately $869,000.

A number of other large investors have also recently added to or reduced their stakes in PEB. Alyeska Investment Group L.P. lifted its holdings in shares of Pebblebrook Hotel Trust by 11.1% in 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 purchasing an additional 695,277 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Pebblebrook Hotel Trust by 13.0% during 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 purchasing an additional 711,042 shares in the last quarter. Millennium Management LLC increased its stake in shares of Pebblebrook Hotel Trust by 46.1% during 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 purchasing an additional 997,119 shares in the last quarter. Woodline Partners LP raised its position in shares of Pebblebrook Hotel Trust by 114.6% during 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 purchasing an additional 1,682,855 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Pebblebrook Hotel Trust by 6.2% during 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 purchasing an additional 177,466 shares during the last quarter.

Pebblebrook Hotel Trust Stock Up 1.7%

Shares of NYSE PEB opened at $18.03 on Friday. The firm has a market cap of $2.03 billion, a P/E ratio of -26.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34. Pebblebrook Hotel Trust has a 1 year low of $9.99 and a 1 year high of $19.93. The firm’s 50 day moving average price is $18.60 and its 200 day moving average price is $15.84.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $400.05 million. During the same period in the previous year, the firm posted $0.65 EPS. Pebblebrook Hotel Trust’s revenue was down .1% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

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

Wall Street Analyst Weigh In

PEB has been the topic of a number of analyst reports. Zacks Research cut Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. LADENBURG THALM/SH SH boosted their price target on Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Truist Financial upped their price objective on Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Barclays decreased their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, August 27th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $18.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.37.

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.