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Canada Pension Plan Investment Board acquired a new stake in shares of Pebblebrook Hotel Trust (NYSE: PEB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,900 shares of the real estate investment trust's stock, valued at approximately $658,000. Several other large
Connor Clark and Lunn Investment Management Ltd. purchased a new position in shares of Pebblebrook Hotel Trust (NYSE: PEB) in the undefined quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 45,598 shares of the real estate investment trust's stock, valued at approximately $885,000. Other
Pebblebrook Hotel Trust grew AFFO by 4.6% year-over-year to reach $0.68 per share, with the REIT now trading hands for 6.7x its annualized second-quarter AFFO. While rising Treasury yields will pose a significant headwind to fixed-income securities, the REIT has been buying back its preferreds to place a floor on possible downside. Cash and cash equivalents of $261 million will be used to address 2026 debt maturities, with PEB facing no maturities next year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Low price-to-sales stocks with solid fundamentals and favorable business momentum may offer value opportunities. PEB, M, PARR, APLE and PBF fit the strategy.
Pebblebrook Hotel Trust (PEB) delivered two consecutive quarters of strong earnings beats and raised guidance, driving a 30% share price rally. PEB's net debt to EBITDA improved to 5.3x, but leverage remains elevated versus peers, tempering enthusiasm despite operational momentum. The stock's discount to NAV narrowed to 26%, and PEB trades at 10.4x AFFO, still below the peer average but less compelling than before.
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Pebblebrook Hotel (PEB) and National Health Investors (NHI). But which of these two stocks is more attractive to value investors?
Dimensional Fund Advisors LP decreased its stake in shares of Pebblebrook Hotel Trust (NYSE: PEB) by 16.1% in the undefined quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,347,381 shares of the real estate investment trust's stock after selling 258,656 shares during the period. Dimensional