SG Americas Securities LLC Buys 48,730 Shares of Pebblebrook Hotel Trust $PEB

SG Americas Securities LLC raised its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 80.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,147 shares of the real estate investment trust’s stock after acquiring an additional 48,730 shares during the quarter. SG Americas Securities LLC owned about 0.09% of Pebblebrook Hotel Trust worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Harbor Capital Advisors Inc. grew its stake in shares of Pebblebrook Hotel Trust by 122.1% during the second quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,382 shares during the last quarter. Hilltop National Bank bought a new position in Pebblebrook Hotel Trust in the 2nd quarter valued at $44,000. PNC Financial Services Group Inc. boosted its position in Pebblebrook Hotel Trust by 115.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,507 shares during the last quarter. AdvisorShares Investments LLC increased its stake in shares of Pebblebrook Hotel Trust by 52.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 7,621 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 2,621 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Pebblebrook Hotel Trust by 438.2% during the second quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 7,533 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PEB shares. Zacks Research cut Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Baird R W upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Stifel Nicolaus set a $13.50 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, November 6th. Morgan Stanley set a $9.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 22nd. Finally, Compass Point lowered shares of Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $12.00 to $11.50 in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Reduce” and an average target price of $12.08.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB opened at $12.28 on Friday. The firm’s 50 day simple moving average is $11.40 and its 200 day simple moving average is $10.99. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $14.21. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -10.32 and a beta of 1.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.13 and a quick ratio of 1.13.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $398.72 million for the quarter, compared to analyst estimates of $396.80 million. Pebblebrook Hotel Trust had a negative net margin of 7.45% and a negative return on equity of 4.02%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. As a group, sell-side analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.3%. Pebblebrook Hotel Trust’s payout ratio is currently -3.36%.

Pebblebrook Hotel Trust 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.