Insider Selling: Pebblebrook Hotel Trust (NYSE:PEB) Director Sells 3,500 Shares of Stock

Pebblebrook Hotel Trust (NYSE:PEB) Director Phillip M. Miller sold 3,500 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total transaction of $46,515.00. Following the transaction, the director now directly owns 13,098 shares of the company’s stock, valued at $174,072.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Pebblebrook Hotel Trust Trading Up 1.8 %

Shares of Pebblebrook Hotel Trust stock traded up $0.24 during trading on Friday, hitting $13.75. The stock had a trading volume of 2,573,151 shares, compared to its average volume of 1,524,445. The firm’s fifty day simple moving average is $14.36 and its 200-day simple moving average is $15.16. The stock has a market cap of $1.66 billion, a PE ratio of -13.24, a PEG ratio of 0.64 and a beta of 1.82. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.46. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.48). The firm had revenue of $314.10 million during the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. Pebblebrook Hotel Trust’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. As a group, sell-side analysts expect that Pebblebrook Hotel Trust will post 1.48 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, June 28th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -3.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Compass Point reiterated a “neutral” rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Finally, Truist Financial lowered their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average target price of $14.56.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co increased 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 buying an additional 15,231 shares during the period. Centersquare Investment Management LLC purchased a new position in Pebblebrook Hotel Trust during the 1st quarter valued at about $445,000. State Board of Administration of Florida Retirement System increased its position in Pebblebrook Hotel Trust by 23.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 42,717 shares of the real estate investment trust’s stock valued at $600,000 after purchasing an additional 8,020 shares during the period. ProShare Advisors LLC increased its position in 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 purchasing an additional 1,661 shares during the period. Finally, SG Americas Securities LLC increased its position in Pebblebrook Hotel Trust by 350.3% during the 1st quarter. SG Americas Securities LLC now owns 56,913 shares of the real estate investment trust’s stock valued at $877,000 after purchasing an additional 44,273 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.