Pebblebrook Hotel Trust (NYSE:PEB) CEO Jon E. Bortz Sells 11,000 Shares of Stock

Pebblebrook Hotel Trust (NYSE:PEB) CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value of $235,070.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Pebblebrook Hotel Trust Stock Down 0.5 %

PEB stock opened at $12.67 on Thursday. Pebblebrook Hotel Trust has a one year low of $11.65 and a one year high of $16.65. The company has a fifty day moving average of $12.86 and a 200-day moving average of $13.38. The stock has a market capitalization of $1.52 billion, a PE ratio of -43.69, a price-to-earnings-growth ratio of 0.60 and a beta of 1.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.01 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -13.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PEB. Truist Financial cut their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Robert W. Baird dropped their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company decreased 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. Finally, StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average price target of $14.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PEB. Covestor Ltd lifted its holdings in Pebblebrook Hotel Trust by 80.1% in the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,989 shares during the period. Quarry LP increased its holdings in shares of Pebblebrook Hotel Trust by 2,376.9% in the 2nd quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 4,326 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Pebblebrook Hotel Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,212 shares in the last quarter. FMR LLC increased its holdings in Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 884 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at approximately $133,000.

About Pebblebrook Hotel Trust

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.