Jon E. Bortz Buys 13,000 Shares of Pebblebrook Hotel Trust (NYSE:PEB) Stock

Pebblebrook Hotel Trust (NYSE:PEB) CEO Jon E. Bortz acquired 13,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of $12.68 per share, with a total value of $164,840.00. Following the transaction, the chief executive officer now owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Jon E. Bortz also recently made the following trade(s):

• On Tuesday, November 12th, Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $13.51 on Friday. The firm has a 50-day moving average of $12.84 and a 200-day moving average of $13.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65.

Pebblebrook Hotel Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -13.79%.

Institutional Trading of Pebblebrook Hotel Trust

A number of hedge funds have recently modified their holdings of PEB. D. E. Shaw & Co. Inc. raised its stake in Pebblebrook Hotel Trust by 38.1% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock worth $26,997,000 after purchasing an additional 541,573 shares in the last quarter. Earnest Partners LLC raised its stake in Pebblebrook Hotel Trust by 1.0% in the 2nd quarter. Earnest Partners LLC now owns 5,036,155 shares of the real estate investment trust’s stock worth $69,247,000 after purchasing an additional 51,677 shares in the last quarter. Blue Trust Inc. raised its stake in Pebblebrook Hotel Trust by 707.8% in the 2nd quarter. Blue Trust Inc. now owns 11,116 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 9,740 shares in the last quarter. GSA Capital Partners LLP raised its stake in 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 in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in Pebblebrook Hotel Trust by 6.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 249,445 shares of the real estate investment trust’s stock worth $3,842,000 after purchasing an additional 15,231 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PEB. Wells Fargo & Company decreased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.75 to $15.00 in a research report on Friday. 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 target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus target price of $14.42.

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.