Pebblebrook Hotel Trust (NYSE:PEB) to Issue Quarterly Dividend of $0.01

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) declared a quarterly dividend on Monday, December 16th,NASDAQ Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.01 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, December 31st.

Pebblebrook Hotel Trust has raised its dividend payment by an average of 58.7% annually over the last three years. Pebblebrook Hotel Trust has a payout ratio of -10.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Pebblebrook Hotel Trust to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.6%.

Pebblebrook Hotel Trust Price Performance

Shares of PEB traded up $0.13 during mid-day trading on Monday, reaching $14.62. The stock had a trading volume of 1,709,997 shares, compared to its average volume of 1,677,001. The business has a fifty day moving average of $13.11 and a 200 day moving average of $13.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -49.97, a PEG ratio of 0.69 and a beta of 1.87. Pebblebrook Hotel Trust has a 12 month low of $11.65 and a 12 month high of $16.65.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com cut Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Robert W. Baird reduced their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Truist Financial dropped 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 report on Monday, October 28th. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and raised their target price for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Finally, Compass Point upgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price target on the stock in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $14.92.

Insider Buying and Selling at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz acquired 13,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of $12.68 per share, with a total value of $164,840.00. Following the purchase, the chief executive officer now directly owns 1,395,284 shares of the company's stock, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jon E. Bortz sold 11,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the sale, the chief executive officer now owns 1,349,284 shares in the company, valued at $28,834,199.08. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

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.

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