Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) CEO Jon E. Bortz sold 11,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the completion of the sale, the chief executive officer now owns 1,349,284 shares in the company, valued at $28,834,199.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Pebblebrook Hotel Trust Trading Down 0.5 %
PEB stock opened at $12.67 on Thursday. The business has a fifty day simple moving average of $12.86 and a 200-day simple moving average of $13.38. Pebblebrook Hotel Trust has a 52 week low of $11.65 and a 52 week high of $16.65. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -43.69, a PEG ratio of 0.60 and a beta of 1.85.
Pebblebrook Hotel Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Monday, September 30th. Pebblebrook Hotel Trust's payout ratio is currently -13.79%.
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PEB has been the topic of a number of recent research reports. StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Robert W. Baird reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Truist Financial dropped their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Company cut their target price on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating for the company in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of "Hold" and an average target price of $14.30.
Read Our Latest Report on PEB
Hedge Funds Weigh In On Pebblebrook Hotel Trust
Hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its position in Pebblebrook Hotel Trust by 68.1% during the 2nd quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust's stock worth $25,841,000 after purchasing an additional 759,964 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Pebblebrook Hotel Trust by 38.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust's stock worth $26,997,000 after buying an additional 541,573 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Pebblebrook Hotel Trust by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust's stock valued at $31,992,000 after buying an additional 130,265 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Pebblebrook Hotel Trust by 47.4% during the 3rd quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust's stock valued at $2,959,000 after buying an additional 71,920 shares during the period. Finally, PEAK6 Investments LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at about $884,000.
About Pebblebrook Hotel Trust
(
Get Free Report)
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.
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