Earnest Partners LLC Has $51.22 Million Position in Pebblebrook Hotel Trust $PEB

Earnest Partners LLC grew its holdings in Pebblebrook Hotel Trust (NYSE:PEB) by 2.4% during the first quarter, Holdings Channel reports. The firm owned 5,056,675 shares of the real estate investment trust’s stock after acquiring an additional 120,369 shares during the quarter. Earnest Partners LLC’s holdings in Pebblebrook Hotel Trust were worth $51,224,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PEB. GF Fund Management CO. LTD. bought a new stake in Pebblebrook Hotel Trust in the fourth quarter worth approximately $30,000. CWM LLC boosted its stake in Pebblebrook Hotel Trust by 324.2% during the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 2,347 shares in the last quarter. AlphaQuest LLC grew its holdings in Pebblebrook Hotel Trust by 1,405.7% in the first quarter. AlphaQuest LLC now owns 8,251 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 7,703 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Pebblebrook Hotel Trust in the fourth quarter valued at $99,000. Finally, Integrated Investment Consultants LLC bought a new stake in Pebblebrook Hotel Trust in the first quarter valued at $130,000.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock opened at $11.24 on Thursday. The company has a market cap of $1.33 billion, a PE ratio of -19.37 and a beta of 1.85. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12. The business has a 50 day moving average price of $10.24 and a 200-day moving average price of $10.12. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.82.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The company had revenue of $407.54 million for the quarter, compared to analysts’ expectations of $398.77 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Pebblebrook Hotel Trust’s quarterly revenue was up 2.6% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. Equities analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.01 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -6.90%.

Wall Street Analyst Weigh In

PEB has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Stifel Nicolaus set a $13.00 price target on Pebblebrook Hotel Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the company an “underperform” rating in a research note on Tuesday, May 6th. Truist Financial set a $9.00 price objective on Pebblebrook Hotel Trust and gave the company a “hold” rating in a report on Monday, June 2nd. Finally, Evercore ISI upped their target price on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an “in-line” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of “Reduce” and a consensus price target of $11.89.

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.