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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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July 28, 2015
07:30 EDTPEBPebblebrook Hotel long-term outlook still positive, says RBC Capital
After Pebblebrook reported lower than expected revenue but higher than expected AFFO, RBC Capital says that the company's earnings were impressive. The firm says that the company was hurt by near-term uncertainty regarding its Kimpton hotels and a negative mix shift due to the launch of a number of new hotels. However, the firm does not expect issues facing the Kimpton hotels to reduce the company's near-term cash flow by more than 1.5%. It trimmed its price target on the name to $50 from $52 but keeps an Outperform rating.
July 23, 2015
16:22 EDTPEBPebblebrook Hotel sees continued favorable growth trends for rest of FY15
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16:21 EDTPEBPebblebrook Hotel reports Q2 AFFO 72c, consensus 69c
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July 21, 2015
10:01 EDTPEBOn The Fly: Analyst Initiation Summary
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05:38 EDTPEBPebblebrook Hotel initiated with an Overweight at Barclays
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