Pebblebrook Hotel Trust (NYSE:PEB) Sees Strong Trading Volume

Pebblebrook Hotel Trust ( NYSE:PEB – Get Free Report ) shares saw an uptick in trading volume on Friday . 4,125,753 shares were traded during trading, an increase of 150% from the previous session’s volume of 1,647,081 shares.The stock last traded at $13.

71 and had previously closed at $13.56. Analysts Set New Price Targets A number of research firms have recently commented on PEB.



StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Company lowered their price objective on Pebblebrook Hotel Trust from $15.

00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock.

According to MarketBeat, Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average target price of $13.92. View Our Latest Stock Report on Pebblebrook Hotel Trust Pebblebrook Hotel Trust Trading Down 0.

1 % Pebblebrook Hotel Trust ( NYSE:PEB – Get Free Report ) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.

58 by ($0.42). Pebblebrook Hotel Trust had a negative return on equity of 3.

40% and a negative net margin of 6.75%. The business had revenue of $397.

11 million during the quarter, compared to analysts’ expectations of $396.29 million. During the same period last year, the business earned $0.

62 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.

As a group, equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.51 earnings per share for the current fiscal year. Pebblebrook Hotel Trust Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th.

Shareholders of record on Monday, September 30th will be paid a $0.01 dividend. This represents a $0.

04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Monday, September 30th.

Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -3.92%. Insiders Place Their Bets In other Pebblebrook Hotel Trust news, CEO Jon E.

Bortz bought 22,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $12.21 per share, with a total value of $268,620.

00. Following the purchase, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64.

The acquisition was disclosed in a legal filing with the SEC, which is available at this link . In other news, CEO Jon E. Bortz purchased 66,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Monday, August 5th.

The shares were purchased at an average price of $11.98 per share, with a total value of $790,680.00.

Following the transaction, the chief executive officer now owns 1,319,284 shares in the company, valued at $15,805,022.32. The purchase was disclosed in a document filed with the SEC, which is available through this link .

Also, CEO Jon E. Bortz purchased 22,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of $12.

21 per share, for a total transaction of $268,620.00. Following the transaction, the chief executive officer now owns 1,341,284 shares in the company, valued at approximately $16,377,077.

64. The disclosure for this purchase can be found here . Corporate insiders own 2.

40% of the company’s stock. Institutional Trading of Pebblebrook Hotel Trust Several institutional investors have recently made changes to their positions in the company. Earnest Partners LLC raised its position in shares of Pebblebrook Hotel Trust by 1.

0% during the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock valued at $69,247,000 after buying an additional 51,677 shares during the period. D.

E. Shaw & Co. Inc.

raised its position in shares of Pebblebrook Hotel Trust by 38.1% during the 2nd 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 buying an additional 541,573 shares during the period. Bank of Montreal Can raised its position in shares of Pebblebrook Hotel Trust by 68.1% during the 2nd quarter.

Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock valued at $25,841,000 after buying an additional 759,964 shares during the period. Dimensional Fund Advisors LP increased its holdings in Pebblebrook Hotel Trust by 2.4% in the 2nd quarter.

Dimensional Fund Advisors LP now owns 1,747,195 shares of the real estate investment trust’s stock valued at $24,023,000 after purchasing an additional 41,659 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Pebblebrook Hotel Trust by 2.

1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 580,423 shares of the real estate investment trust’s stock valued at $7,981,000 after purchasing an additional 12,155 shares during the last quarter.

Pebblebrook Hotel Trust Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.

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