Legal & General Group Plc Purchases 317,573 Shares of Pebblebrook Hotel Trust $PEB

Legal & General Group Plc boosted its position in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,566,267 shares of the real estate investment trust’s stock after acquiring an additional 317,573 shares during the quarter. Legal & General Group Plc’s holdings in Pebblebrook Hotel Trust were worth $29,050,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PEB. Cullen Frost Bankers Inc. bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Pebblebrook Hotel Trust by 33.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 865 shares during the period. Hantz Financial Services Inc. raised its position 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. Pensionfund Sabic bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $72,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Pebblebrook Hotel Trust in the third quarter valued at about $77,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PEB. Weiss Ratings raised shares of Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Barclays dropped their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 7th. Wall Street Zen raised shares of Pebblebrook Hotel Trust from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. Citigroup increased their price objective on shares of Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Morgan Stanley increased their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.90.

Pebblebrook Hotel Trust Price Performance

NYSE:PEB opened at $15.27 on Friday. Pebblebrook Hotel Trust has a 52 week low of $8.80 and a 52 week high of $15.73. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -19.09, a P/E/G ratio of 1.41 and a beta of 1.44. The firm’s 50-day simple moving average is $13.82 and its 200 day simple moving average is $12.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.05. The business had revenue of $345.66 million for the quarter, compared to analyst estimates of $331.23 million. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. Pebblebrook Hotel Trust’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. As a group, sell-side analysts predict that Pebblebrook Hotel Trust will post 1.54 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -5.00%.

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.