Pebblebrook Hotel Trust(NYSE:PEB) Declares Dividend of $0.3800.

Pebblebrook Hotel Trust (NYSE:PEB) had declared a cash dividend of $0.3800 on Sep 15, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 15, 2016 share price, the yield comes out to be 5.6130%. The dividend payable date has been fixed on Oct 17, 2016.

In a different note, BTIG Research said it Initiates Coverage on Pebblebrook Hotel Trust, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Jul 27, 2016, Barclays said it Maintains its rating on Pebblebrook Hotel Trust. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 26, 2016, Wells Fargo said it Downgrades its rating on Pebblebrook Hotel Trust. The shares have been rated ‘Market Perform’ by the firm. On Jul 21, 2016, Credit Suisse said it Downgrades its rating on Pebblebrook Hotel Trust. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 20, 2016, Evercore ISI Group said it Downgrades its rating on Pebblebrook Hotel Trust. The shares have been rated ‘Hold’ by the firm.

Pebblebrook Hotel Trust (PEB) shares turned negative on Tuesdays trading session with the shares closing down -0.51 points or -1.92% at a volume of 12,53,471. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.83. The peak price level was also seen at $26.83 while the days lowest was $26.1. Finally the shares closed at $26.11. The 52-week high of the shares is $38.88 while the 52-week low is $20.51. According to the latest information available, the market cap of the company is $1,881 M.

Pebblebrook Hotel Trust(PEB) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $212.27M. Analysts had an estimated revenue of $211.95M. Earnings per share were $0.81. Analysts had estimated an EPS of $0.76.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Raymond D Martz (Exec VP, CFO, Treasurer, Secre) sold 15,848 shares at $25.26 per share price.Also, On Mar 3, 2015, Thomas Charles Fisher (EVP, Chief Investment Officer) sold 30,000 shares at $48.64 per share price.On Feb 24, 2015, Ron E. Jackson (director) purchased 1,167 shares at $48.45 per share price, according to the Form-4 filing with the securities and exchange commission.

Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is engaged in acquiring and investing in hotel properties located primarily in cities of the United States. It owns interests in around 35 hotels including 29 wholly owned hotels with a total of 6948 guest rooms and a 49% joint venture interest in six hotels with a total of 1775 guest rooms. The hotels are located in markets including Atlanta (Buckhead) Georgia; Bethesda Maryland; Boston Massachusetts; Hollywood California; Los Angeles California; Miami Florida; Minneapolis Minnesota; Nashville Tennessee; New York New York; Philadelphia Pennsylvania; Portland Oregon; San Diego California; San Francisco California; Santa Monica California; Seattle Washington; Stevenson Washington; Washington D.C. and Westwood California among others. The Company’s assets are held by and the operations are conducted through Pebblebrook Hotel L.P.

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