Jon E. Bortz Buys 14,865 Shares of Pebblebrook Hotel Trust (NYSE:PEB) Stock

Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) CEO Jon E. Bortz bought 14,865 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Wednesday, March 8th. The stock was purchased at an average cost of $14.93 per share, for a total transaction of $221,934.45. Following the acquisition, the chief executive officer now owns 1,039,967 shares of the company’s stock, valued at $15,526,707.31. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Pebblebrook Hotel Trust Trading Down 1.7 %

NYSE:PEB opened at $13.88 on Friday. Pebblebrook Hotel Trust has a 52-week low of $12.54 and a 52-week high of $26.14. The stock’s 50 day moving average price is $14.91 and its 200 day moving average price is $15.49. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.38 and a current ratio of 0.38.

Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The real estate investment trust reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.52). The firm had revenue of $319.61 million during the quarter, compared to analyst estimates of $309.55 million. Pebblebrook Hotel Trust had a negative net margin of 6.26% and a negative return on equity of 2.77%. Pebblebrook Hotel Trust’s revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 earnings per share. On average, sell-side analysts predict that Pebblebrook Hotel Trust will post 1.73 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -4.12%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. increased its position in Pebblebrook Hotel Trust by 243.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,746,603 shares of the real estate investment trust’s stock valued at $63,557,000 after acquiring an additional 3,363,156 shares during the period. Norges Bank purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at approximately $14,624,000. PGGM Investments purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth approximately $11,700,000. Principal Financial Group Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 25.5% during the second quarter. Principal Financial Group Inc. now owns 3,821,444 shares of the real estate investment trust’s stock worth $63,322,000 after purchasing an additional 776,243 shares during the period. Finally, Waterfront Capital Partners LLC purchased a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at $11,245,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PEB shares. Citigroup increased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $16.50 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. Morgan Stanley dropped their target price on Pebblebrook Hotel Trust from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, February 7th. Raymond James downgraded Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating in a report on Friday, December 9th. TheStreet downgraded Pebblebrook Hotel Trust from a “c-” rating to a “d+” rating in a report on Friday, December 30th. Finally, Wells Fargo & Company decreased their target price on Pebblebrook Hotel Trust from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, February 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.50.

Pebblebrook Hotel Trust Company Profile

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Pebblebrook Hotel Trust is a real estate investment trust, engages in investments and acquisitions in hotel properties. Its hotels are located in markets like Atlanta, Georgia, Boston, Massachusetts, Chicago, Illinois, Key West, Miami and Naples, Florida, Los Angeles, San Diego and San Francisco, California, Nashville, Tennessee, New York, New York, Philadelphia, Pennsylvania, Portland, Oregon, and Seattle, Washington.