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

Pebblebrook Hotel Trust (NYSE:PEB) declared a quarterly dividend on Monday, December 16th,NASDAQ Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.01 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Tuesday, December 31st.

Pebblebrook Hotel Trust has raised its dividend by an average of 58.7% per year over the last three years. Pebblebrook Hotel Trust has a dividend payout ratio of -10.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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

PEB stock opened at $14.49 on Wednesday. The company has a market capitalization of $1.73 billion, a PE ratio of -49.97, a P/E/G ratio of 0.69 and a beta of 1.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock’s 50 day moving average is $13.18 and its two-hundred day moving average is $13.25. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65.

Wall Street Analyst Weigh In

A number of research firms have commented on PEB. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, November 21st. Robert W. Baird decreased their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their price target on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average target price of $14.92.

Insider Transactions at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz sold 11,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction of $235,070.00. Following the sale, the chief executive officer now directly owns 1,349,284 shares in the company, valued at $28,834,199.08. The trade was a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jon E. Bortz bought 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of $12.68 per share, with a total value of $164,840.00. Following the transaction, the chief executive officer now directly owns 1,395,284 shares in the company, valued at $17,692,201.12. This represents a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

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.