Insider Selling: Pebblebrook Hotel Trust (NYSE:PEB) CEO 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 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 completion of the sale, the chief executive officer now directly owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Pebblebrook Hotel Trust Stock Down 0.5 %

NYSE PEB traded down $0.07 during trading on Wednesday, hitting $12.67. 1,093,586 shares of the company traded hands, compared to its average volume of 1,673,877. Pebblebrook Hotel Trust has a 12 month low of $11.65 and a 12 month high of $16.65. The business has a fifty day simple moving average of $12.86 and a 200 day simple moving average of $13.38. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $1.52 billion, a P/E ratio of -44.03, a PEG ratio of 0.60 and a beta of 1.85.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. 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 presently -13.79%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several large investors have recently made changes to their positions in the business. FMR LLC grew its stake in shares of Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 884 shares during the period. Quantbot Technologies LP grew its stake in shares of Pebblebrook Hotel Trust by 47.9% in the 3rd quarter. Quantbot Technologies LP now owns 134,485 shares of the real estate investment trust’s stock valued at $1,779,000 after purchasing an additional 43,539 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Pebblebrook Hotel Trust by 6.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 40,328 shares of the real estate investment trust’s stock valued at $534,000 after purchasing an additional 2,278 shares during the period. Cerity Partners LLC grew its stake in shares of Pebblebrook Hotel Trust by 35.1% in the 3rd quarter. Cerity Partners LLC now owns 34,806 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 9,045 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Pebblebrook Hotel Trust by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock valued at $31,992,000 after purchasing an additional 130,265 shares during the period.

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.