Fisher Asset Management LLC Sells 49,006 Shares of Pebblebrook Hotel Trust $PEB

Fisher Asset Management LLC lessened its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 8.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 515,374 shares of the real estate investment trust’s stock after selling 49,006 shares during the period. Fisher Asset Management LLC’s holdings in Pebblebrook Hotel Trust were worth $5,834,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Allianz Asset Management GmbH lifted its stake in shares of Pebblebrook Hotel Trust by 108.7% during the third quarter. Allianz Asset Management GmbH now owns 707,913 shares of the real estate investment trust’s stock valued at $8,063,000 after acquiring an additional 368,681 shares during the period. APG Asset Management US Inc. acquired a new position in shares of Pebblebrook Hotel Trust during the third quarter valued at $5,545,000. SG Americas Securities LLC lifted its stake in shares of Pebblebrook Hotel Trust by 40.4% during the fourth quarter. SG Americas Securities LLC now owns 153,226 shares of the real estate investment trust’s stock valued at $1,735,000 after acquiring an additional 44,079 shares during the period. M&T Bank Corp acquired a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $4,411,000. Finally, Public Sector Pension Investment Board lifted its stake in shares of Pebblebrook Hotel Trust by 14.3% during the third quarter. Public Sector Pension Investment Board now owns 462,479 shares of the real estate investment trust’s stock valued at $5,268,000 after acquiring an additional 57,832 shares during the period.

Wall Street Analysts Forecast Growth

PEB has been the topic of several research reports. Cantor Fitzgerald upped their price target on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Weiss Ratings raised Pebblebrook Hotel Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen raised Pebblebrook Hotel Trust from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Evercore set a $15.00 price target on Pebblebrook Hotel Trust in a research note on Monday, April 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 price target on shares of Pebblebrook Hotel Trust in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.90.

Pebblebrook Hotel Trust Trading Up 0.4%

NYSE PEB opened at $15.56 on Friday. The stock has a 50-day simple moving average of $13.76 and a 200 day simple moving average of $12.50. The company has a market capitalization of $1.76 billion, a PE ratio of -19.45, a P/E/G ratio of 1.43 and a beta of 1.44. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. Pebblebrook Hotel Trust has a 12 month low of $8.80 and a 12 month high of $15.66.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. The business had revenue of $345.66 million during the quarter, compared to the consensus estimate of $331.23 million. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 earnings per share. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. Research analysts forecast that Pebblebrook Hotel Trust will post 1.54 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.01 dividend. 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 currently -5.00%.

About Pebblebrook Hotel Trust

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.