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Stock Market & Financial Investment News

News Breaks
March 15, 2013
07:01 EDTPEBPebblebrook Hotel increases common dividend 33% to 16c per share
Pebblebrook Hotel Trust announced that its Board of Trustees has authorized, and the company has declared, a quarterly cash dividend of 16c per common share of beneficial interest, to be paid on April 15 to shareholders of record as of April 1. The common dividend represents an increase of approximately 33% over the company’s fourth quarter 2012 quarterly dividend and represents an annualized yield of approximately 2.6% based on the closing price of the common shares on March 14. The Board of Trustees also authorized, and the company has declared, a regular quarterly cash dividend of 49.22c per share of the Company’s 7.875% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, a regular quarterly cash dividend of 50c per share of the company’s 8.00% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest, and a cash dividend for the partial quarterly period of 12.19c per share of the company’s new 6.50% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest, each of which will be paid on April 15 to shareholders of record as of the Record Date.
News For PEB From The Last 14 Days
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February 18, 2015
10:05 EDTPEBOn The Fly: Analyst Downgrade Summary
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06:13 EDTPEBPebblebrook Hotel downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Pebblebrook to Neutral based on valuation. Price target raised to $52 from $51.
February 17, 2015
16:11 EDTPEBPebblebrook Hotel sees FY15 AFFO $2.40-$2.50, consensus $2.46
Sees FY15 Same-Property RevPAR up 6%-7% to $211M-$213M.
16:10 EDTPEBPebblebrook Hotel sees Q1 AFFO 27c-29c, consensus 36c
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16:08 EDTPEBPebblebrook Hotel reports Q4 AFFO 46c, consensus 44c
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