SG Americas Securities LLC Has $1.24 Million Stock Holdings in Pebblebrook Hotel Trust $PEB

SG Americas Securities LLC increased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 80.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,147 shares of the real estate investment trust’s stock after purchasing an additional 48,730 shares during the quarter. SG Americas Securities LLC’s holdings in Pebblebrook Hotel Trust were worth $1,243,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PEB. Harbor Capital Advisors Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 122.1% in 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 buying an additional 1,382 shares during the period. Hilltop National Bank acquired a new stake in shares of Pebblebrook Hotel Trust during the second quarter worth $44,000. PNC Financial Services Group Inc. lifted 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 acquiring an additional 2,507 shares in the last quarter. AdvisorShares Investments LLC boosted its stake in 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 worth $76,000 after purchasing an additional 2,621 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Pebblebrook Hotel Trust by 438.2% during the 2nd quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 7,533 shares in the last quarter.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB opened at $12.28 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $11.40 and a 200 day moving average price of $10.99. The stock has a market capitalization of $1.39 billion, a PE ratio of -10.32 and a beta of 1.53. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $14.21.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $398.72 million for the quarter, compared to analysts’ expectations of $396.80 million. Pebblebrook Hotel Trust had a negative return on equity of 4.02% and a negative net margin of 7.45%.The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. 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. Analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.01 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -3.36%.

Wall Street Analyst Weigh In

PEB has been the topic of a number of research reports. Wells Fargo & Company boosted their price target on Pebblebrook Hotel Trust from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, December 1st. Cantor Fitzgerald started coverage on Pebblebrook Hotel Trust in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $12.00 target price on the stock. Truist Financial upped their price target on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Monday. Morgan Stanley set a $9.00 price target on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 22nd. Finally, Barclays assumed coverage on shares of Pebblebrook Hotel Trust in a research report on Tuesday, January 6th. They issued an “underweight” rating and a $10.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $12.08.

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.