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

Pebblebrook Hotel Trust (NYSE:PEB) CEO Jon E. Bortz sold 11,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total transaction of $235,070.00. Following the transaction, the chief executive officer now directly owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Pebblebrook Hotel Trust Stock Down 3.0 %

Shares of NYSE PEB opened at $12.29 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a twelve month low of $11.65 and a twelve month high of $16.65. The business has a 50 day simple moving average of $12.86 and a 200-day simple moving average of $13.38.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -13.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird decreased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company reduced their price target on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial cut their price target 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. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.30.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of Montreal Can raised its stake in Pebblebrook Hotel Trust by 68.1% during the second quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock worth $25,841,000 after acquiring an additional 759,964 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 38.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock valued at $26,997,000 after purchasing an additional 541,573 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Pebblebrook Hotel Trust by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock worth $31,992,000 after purchasing an additional 130,265 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Pebblebrook Hotel Trust by 47.4% in the 3rd quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock worth $2,959,000 after purchasing an additional 71,920 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new position in Pebblebrook Hotel Trust during the 3rd quarter valued at approximately $884,000.

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.