Pebblebrook Hotel Trust (NYSE:PEB) declared a quarterly dividend on Tuesday, September 15th, Zacks reports. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, October 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Tuesday, September 29th.
Shares of PEB stock opened at $14.06 on Wednesday. The business has a 50-day moving average of $12.08 and a 200 day moving average of $12.38. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.44 and a quick ratio of 1.44. Pebblebrook Hotel Trust has a 1-year low of $5.39 and a 1-year high of $28.79. The stock has a market capitalization of $1.84 billion, a PE ratio of -25.56 and a beta of 1.68.
Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.16). Pebblebrook Hotel Trust had a negative net margin of 3.57% and a negative return on equity of 0.84%. The company had revenue of $22.59 million for the quarter, compared to analysts’ expectations of $16.55 million. Analysts anticipate that Pebblebrook Hotel Trust will post -1.24 EPS for the current year.
In related news, CEO Jon E. Bortz purchased 12,919 shares of Pebblebrook Hotel Trust stock in a transaction dated Friday, September 11th. The stock was purchased at an average cost of $21.30 per share, for a total transaction of $275,174.70. Following the completion of the acquisition, the chief executive officer now directly owns 7,493 shares of the company’s stock, valued at $159,600.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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