Savant Capital LLC Makes New $208,000 Investment in Pebblebrook Hotel Trust $PEB

Savant Capital LLC bought a new position in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,863 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Several other hedge funds have also modified their holdings of PEB. T. Rowe Price Investment Management Inc. raised its position in Pebblebrook Hotel Trust by 1.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,807,602 shares of the real estate investment trust’s stock worth $68,962,000 after purchasing an additional 94,446 shares during the last quarter. Earnest Partners LLC boosted its position in Pebblebrook Hotel Trust by 2.4% in the 1st quarter. Earnest Partners LLC now owns 5,056,675 shares of the real estate investment trust’s stock valued at $51,224,000 after buying an additional 120,369 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Pebblebrook Hotel Trust in the 1st quarter valued at $30,155,000. Charles Schwab Investment Management Inc. raised its position in shares of Pebblebrook Hotel Trust by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,556,288 shares of the real estate investment trust’s stock worth $25,895,000 after acquiring an additional 51,537 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Pebblebrook Hotel Trust by 7.6% during the second quarter. Nordea Investment Management AB now owns 802,145 shares of the real estate investment trust’s stock worth $8,025,000 after acquiring an additional 56,815 shares during the last quarter.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB opened at $10.51 on Friday. The firm’s 50 day simple moving average is $11.03 and its 200 day simple moving average is $10.43. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.12. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -18.11 and a beta of 1.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $398.72 million during the quarter, compared to the consensus estimate of $396.80 million. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS. 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.36%.

Analysts Set New Price Targets

A number of brokerages recently commented on PEB. Weiss Ratings reiterated a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday. Evercore ISI raised their target price on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an “in-line” rating in a research note on Thursday, September 18th. Zacks Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Stifel Nicolaus set a $13.50 price objective on shares of Pebblebrook Hotel Trust in a report on Thursday, November 6th. Finally, Cantor Fitzgerald started coverage on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 1st. They set a “neutral” rating and a $12.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $11.70.

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.