Pebblebrook Hotel Trust (PEB): Raymond D Martz , Exec VP, CFO, Treasurer, Secre of Pebblebrook Hotel Trust sold 15,848 shares on Jun 13, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $25.26 per share for a total value of $400,398.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 3, 2015, Raymond D Martz (Exec VP, CFO, Treasurer, Secre) sold 16,985 shares at $49.42 per share price.On Mar 3, 2015, Thomas Charles Fisher (EVP, Chief Investment Officer) sold 30,000 shares at $48.64 per share price.Also, On Feb 24, 2015, Ron E. Jackson (director) purchased 1,167 shares at $48.45 per share price.
PEBBLEBROOK HOTEL TRUST COMMON STOCK: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in PEBBLEBROOK HOTEL TRUST COMMON STOCK which led to swings in the share price. The shares opened for trading at $25.31 and hit $26.44 on the upside , eventually ending the session at $25.92, with a gain of 3.18% or 0.8 points. The heightened volatility saw the trading volume jump to 11,01,736 shares. The 52-week high of the share price is $46.66 and the company has a market cap of $1,868 M . The 52-week low of the share price is at $20.51.
Company has been under the radar of several Street Analysts.PEBBLEBROOK HOTEL TRUST COMMON STOCK is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 33 from a previous price target of $34 . The Rating was issued on May 2, 2016.PEBBLEBROOK HOTEL TRUST COMMON STOCK is Resumed by Stifel to Hold. The Rating was issued on Mar 29, 2016.
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 Companys assets are held by and the operations are conducted through Pebblebrook Hotel L.P.