Public Employees Retirement System of Ohio Buys New Stake in Pebblebrook Hotel Trust $PEB

Public Employees Retirement System of Ohio bought a new stake in Pebblebrook Hotel Trust (NYSE:PEB) during the second quarter, HoldingsChannel reports. The institutional investor bought 130,215 shares of the real estate investment trust’s stock, valued at approximately $2,527,000.

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

Pebblebrook Hotel Trust Price Performance

Shares of PEB opened at $18.03 on Friday. Pebblebrook Hotel Trust has a twelve month low of $9.99 and a twelve month high of $19.93. The firm’s fifty day simple moving average is $18.60 and its 200-day simple moving average is $15.84. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -26.13, a PEG ratio of 1.24 and a beta of 1.40. 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 (NYSE:PEB) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.56. The firm had revenue of $407.14 million during the quarter, compared to the consensus estimate 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 company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Equities analysts forecast that Pebblebrook Hotel Trust will post 1.7 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid 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 payout ratio is presently -5.80%.

Analysts Set New Price Targets

PEB has been the topic of several recent research reports. Stifel Nicolaus upped 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 note on Thursday, July 30th. Wells Fargo & Company boosted their price target on shares of Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Citigroup upped their price objective on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. LADENBURG THALM/SH SH boosted their target price on Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Truist Financial upped their price target on Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.