Pebblebrook Hotel Trust (NYSE:PEB) CFO Raymond D. Martz sold 12,828 shares of the stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $27.92, for a total value of $358,157.76. Following the transaction, the chief financial officer now directly owns 178,851 shares in the company, valued at approximately $4,993,519.92. The transaction was disclosed in a filing with the SEC, which is available at this link.
Pebblebrook Hotel Trust (NYSE:PEB) traded up 0.17% on Thursday, hitting $30.16. The stock had a trading volume of 1,043,766 shares. The firm has a market cap of $2.18 billion, a PE ratio of 47.12 and a beta of 1.25. The company’s 50 day moving average is $28.56 and its 200 day moving average is $28.42. Pebblebrook Hotel Trust has a 12-month low of $23.46 and a 12-month high of $31.85.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, February 23rd. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.35. The company earned $198.90 million during the quarter, compared to analyst estimates of $201.94 million. Pebblebrook Hotel Trust had a net margin of 9.65% and a return on equity of 4.67%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. On average, equities research analysts expect that Pebblebrook Hotel Trust will post $0.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Wednesday, March 29th. Pebblebrook Hotel Trust’s payout ratio is 226.87%.
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Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 8th. Goldman Sachs Group Inc initiated coverage on Pebblebrook Hotel Trust in a research report on Monday, April 10th. They issued a “neutral” rating and a $27.00 price target on the stock. Evercore ISI lowered Pebblebrook Hotel Trust from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Boenning Scattergood reaffirmed a “neutral” rating on shares of Pebblebrook Hotel Trust in a research report on Tuesday. Finally, Barclays PLC set a $31.00 price target on Pebblebrook Hotel Trust and gave the company a “buy” rating in a research report on Tuesday, February 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and an average price target of $28.89.
Several hedge funds have recently bought and sold shares of the company. Reliance Trust Co. of Delaware purchased a new stake in Pebblebrook Hotel Trust during the first quarter valued at $318,000. Spirit of America Management Corp NY raised its stake in Pebblebrook Hotel Trust by 2.2% in the first quarter. Spirit of America Management Corp NY now owns 82,950 shares of the real estate investment trust’s stock valued at $2,423,000 after buying an additional 1,800 shares during the last quarter. Bank of Montreal Can raised its stake in Pebblebrook Hotel Trust by 12,433.3% in the first quarter. Bank of Montreal Can now owns 28,200 shares of the real estate investment trust’s stock valued at $824,000 after buying an additional 27,975 shares during the last quarter. Macquarie Group Ltd. raised its stake in Pebblebrook Hotel Trust by 17.6% in the fourth quarter. Macquarie Group Ltd. now owns 767,308 shares of the real estate investment trust’s stock valued at $22,828,000 after buying an additional 115,069 shares during the last quarter. Finally, Brookfield Asset Management Inc. bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth $2,963,000.
Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.
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