Pebblebrook Hotel Trust (NYSE:PEB) Director Phillip M. Miller Sells 3,500 Shares of Stock

Pebblebrook Hotel Trust (NYSE:PEB) Director Phillip M. Miller sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total value of $46,515.00. Following the completion of the transaction, the director now directly owns 13,098 shares in the company, valued at $174,072.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Pebblebrook Hotel Trust Stock Up 1.8 %

Shares of PEB stock opened at $13.75 on Friday. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. The business’s fifty day moving average is $14.34 and its 200-day moving average is $15.16.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). The company had revenue of $314.10 million for the quarter, compared to analyst estimates of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. Pebblebrook Hotel Trust’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. Analysts forecast that Pebblebrook Hotel Trust will post 1.48 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s payout ratio is currently -3.92%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PEB. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Truist Financial lowered their price objective on Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Finally, Compass Point reiterated a “neutral” rating and issued a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.56.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several hedge funds have recently bought and sold shares of PEB. Texas Permanent School Fund Corp lifted its stake in shares of Pebblebrook Hotel Trust by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 105,462 shares of the real estate investment trust’s stock valued at $1,625,000 after purchasing an additional 1,413 shares during the last quarter. Connable Office Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 5.3% during the 4th quarter. Connable Office Inc. now owns 28,842 shares of the real estate investment trust’s stock valued at $461,000 after acquiring an additional 1,443 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Pebblebrook Hotel Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 24,014 shares of the real estate investment trust’s stock valued at $370,000 after acquiring an additional 1,661 shares during the last quarter. White Pine Capital LLC raised its stake in shares of Pebblebrook Hotel Trust by 5.1% in the 4th quarter. White Pine Capital LLC now owns 42,692 shares of the real estate investment trust’s stock valued at $682,000 after acquiring an additional 2,090 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Pebblebrook Hotel Trust by 17.1% in the 4th quarter. Van ECK Associates Corp now owns 16,665 shares of the real estate investment trust’s stock worth $266,000 after purchasing an additional 2,438 shares during the last quarter.

Pebblebrook Hotel Trust Company Profile

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.