Pebblebrook Hotel Trust (NYSE: PEB) CEO Jon E. Bortz sold 504 shares of the company in a trade that took place on Friday, December 17. The shares were sold for an average price of $ 24.99, for a total value of $ 12,594.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
PEB traded down $ 0.34 in Monday’s session, reaching $ 19.94. 1,858,633 shares of the company were traded, for an average volume of 1,370,466. The company has a market cap of $ 2.62 billion, a PE ratio of -7.17 and a beta of 1.87. The company’s 50-day moving average price is $ 22.66. The company has a debt to equity ratio of 0.74, a quick ratio of 0.79, and a current ratio of 0.79. Pebblebrook Hotel Trust has a 52 week low of $ 17.56 and a 52 week high of $ 26.45.
Pebblebrook Hotel Trust (NYSE: PEB) last released its quarterly earnings data on Thursday, October 28. The REIT reported ($ 0.34) EPS for the quarter, reaching the Zacks consensus estimate of ($ 0.34). The company posted revenue of $ 238.80 million in the quarter, compared to a consensus estimate of $ 232.39 million. Pebblebrook Hotel Trust recorded a negative return on equity of 9.74% and a negative net margin of 56.31%. The company’s revenue increased 210.1% year-on-year. During the same period of the previous year, the company made EPS ($ 0.51). On average, analysts expect Pebblebrook Hotel Trust to post -0.34 earnings per share for the current year.
The company also recently unveiled a quarterly dividend, which will be paid on Tuesday, January 18. Investors of record on Friday, December 31 will receive a dividend of $ 0.01 per share. The ex-dividend date is Thursday, December 30. This represents a dividend of $ 0.04 on an annualized basis and a return of 0.20%. Pebblebrook Hotel Trust’s payout ratio is currently -1.44%.
A number of institutional investors and hedge funds have recently changed their holdings in PEB. Morgan Stanley increased its stake in Pebblebrook Hotel Trust by 70.4% during the 1st quarter. Morgan Stanley now owns 326,282 real estate investment trust shares worth $ 7,926,000 after purchasing an additional 134,760 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in Pebblebrook Hotel Trust shares by 8.0% in the second quarter. Advisor Group Holdings Inc. now owns 20,652 real estate investment trust shares valued at $ 487,000 after purchasing an additional 1,531 shares during the last quarter. IndexIQ Advisors LLC increased its stake in shares of Pebblebrook Hotel Trust by 6.4% in the second quarter. IndexIQ Advisors LLC now owns 54,597 Real Estate Investment Trust shares worth $ 1,286,000 after purchasing an additional 3,302 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Pebblebrook Hotel Trust shares by 19.1% in the second quarter. Envestnet Asset Management Inc. now owns 190,297 REITs worth $ 4,482,000 after purchasing an additional 30,482 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Pebblebrook Hotel Trust shares in the second quarter valued at $ 1,439,000.
The PEB has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a âholdâ rating and issued a target price of $ 26.00 on shares of Pebblebrook Hotel Trust in a research report on Friday, September 10. Citigroup lowered its price target on Pebblebrook Hotel Trust from $ 26.00 to $ 25.00 and set a “neutral” rating for the company in a report released on Wednesday, October 6. Finally, Zacks investment research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a price target of $ 27.00 for the company in a report released on Wednesday, November 3. Two analysts rated the stock with a conservation rating and three gave the stock a buy rating. According to data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Buy” and an average price target of $ 26.20.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a real estate investment trust, which engages in the investments and acquisition of hotel properties. Its hotels are located in markets such as: Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Key West, Florida; Miami, Los Angeles, Naples, Nashville, Tennessee; New York, Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, Seattle, Stevenson and Washington, DC The company was founded by Jon E.
Further Reading: What is a Real Estate Investment Trust (REIT)?
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