Pebblebrook Hotel Trust (NYSE:PEB) Chairman Jon E. Bortz sold 43,424 shares of Pebblebrook Hotel Trust stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $28.52, for a total transaction of $1,238,452.48. Following the transaction, the chairman now directly owns 683,729 shares of the company’s stock, valued at $19,499,951.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at 27.63 on Thursday. The company’s 50 day moving average is $26.15 and its 200-day moving average is $27.27. Pebblebrook Hotel Trust has a 1-year low of $20.51 and a 1-year high of $32.94. The company has a market capitalization of $1.99 billion, a P/E ratio of 41.24 and a beta of 1.25.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Friday, October 28th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $208.90 million for the quarter, compared to the consensus estimate of $215.05 million. Pebblebrook Hotel Trust had a net margin of 9.65% and a return on equity of 4.67%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. On average, equities research analysts forecast that Pebblebrook Hotel Trust will post $2.73 EPS for the current year.

PEB has been the subject of several analyst reports. Evercore ISI downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating and lifted their price target for the company from $27.00 to $30.00 in a report on Wednesday, July 20th. Credit Suisse Group AG downgraded shares of Pebblebrook Hotel Trust from an “outperform” rating to a “neutral” rating and cut their price target for the company from $30.00 to $29.00 in a report on Thursday, July 21st. Zacks Investment Research downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Wells Fargo & Co. downgraded shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 26th. Finally, Barclays PLC set a $32.00 price target on shares of Pebblebrook Hotel Trust and gave the company a “buy” rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus target price of $30.67.

A number of large investors have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of Pebblebrook Hotel Trust by 47.5% in the second quarter. Acrospire Investment Management LLC now owns 4,035 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,300 shares during the last quarter. Amica Pension Fund Board of Trustees purchased a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth about $128,000. Bessemer Group Inc. increased its stake in shares of Pebblebrook Hotel Trust by 150.9% in the second quarter. Bessemer Group Inc. now owns 5,463 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 3,286 shares during the last quarter. Amica Mutual Insurance Co. purchased a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth about $160,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Pebblebrook Hotel Trust by 12.3% in the third quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 700 shares during the last quarter.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is organized to acquire and invest in hotel properties located primarily in cities of the United States. The Company has interests in approximately 40 hotels, including over 30 owned hotels with a total of approximately 7,410 guest rooms, and approximately 49% joint venture interest in over six hotels with a total of approximately 1,790 guest rooms.

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