Performance Wealth Partners LLC Buys New Holdings in Pebblebrook Hotel Trust $PEB

Performance Wealth Partners LLC purchased a new position in Pebblebrook Hotel Trust (NYSE:PEB) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 60,979 shares of the real estate investment trust’s stock, valued at approximately $1,184,000.

Other institutional investors also recently bought and sold shares of the company. M&T Bank Corp acquired a new stake in Pebblebrook Hotel Trust during the 4th quarter worth about $4,411,000. Voss Capital LP acquired a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $4,897,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Pebblebrook Hotel Trust by 51.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust’s stock valued at $27,213,000 after buying an additional 736,078 shares during the period. Legal & General Group Plc boosted its stake in shares of Pebblebrook Hotel Trust by 14.1% in the fourth quarter. Legal & General Group Plc now owns 2,566,267 shares of the real estate investment trust’s stock worth $29,050,000 after buying an additional 317,573 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Pebblebrook Hotel Trust by 34.5% in the first quarter. California State Teachers Retirement System now owns 149,266 shares of the real estate investment trust’s stock worth $1,885,000 after buying an additional 38,289 shares during the last quarter.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $18.14 on Tuesday. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -26.29, a PEG ratio of 1.25 and a beta of 1.40. The stock has a 50-day moving average of $18.65 and a 200 day moving average of $15.26. 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 twelve month low of $9.90 and a twelve month high of $19.93.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.12 by $0.56. The company had revenue of $407.14 million for the quarter, compared to analyst estimates of $400.05 million. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.Pebblebrook Hotel Trust’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company earned $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. Sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.7 EPS for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

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

Analyst Ratings Changes

PEB has been the subject of several recent research reports. Evercore set a $15.00 price target on Pebblebrook Hotel Trust in a research report on Monday, April 27th. Stifel Nicolaus upped their price objective on Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Zacks Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Cantor Fitzgerald boosted their target price on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley increased their price target on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.44.

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.