|Bid||32.740 x 1400|
|Ask||32.750 x 900|
|Day's Range||32.67 - 33.42|
|52 Week Range||31.05 - 41.65|
|Beta (3Y Monthly)||1.67|
|PE Ratio (TTM)||21.19|
|Forward Dividend & Yield||0.99 (2.96%)|
|1y Target Est||N/A|
Pebblebrook Hotel Trust is a US$2.4b mid-cap, real estate investment trust (REIT) based in Bethesda, United States. REITs are basically a portfolio of income-producing real estate investments, which are owned Read More...
Pebblebrook Hotel Trust officially closed its $5.2 billion acquisition of fellow Bethesda hospitality REIT LaSalle Hotel Properties on Friday, ending a long pursuit that was months in the making. LaSalle (NYSE: LHO) shareholders were given 0.92 shares of Pebblebrook (NYSE: PEB) stock per share of LaSalle stock or the cash equivalent of $37.80 per share — which LaSalle claims is a 48 percent premium over its stock price before merger rumors first caused it to sway. The cash component of the deal is fixed at approximately $1.3 billion, according to Securities and Exchange Commission filings.
Pebblebrook Hotel Trust’s $5.2 billion acquisition of fellow Bethesda hospitality REIT LaSalle Hotel Properties has received the approval of shareholders of both companies. Pebblebrook’s holders signed off Tuesday on the issuance of stock to LaSalle shareholders as part of a deal forged in September following Pebblebrook’s long and complicated pursuit of the company. The final offer that won LaSalle (NYSE: LHO) was 0.92 shares of Pebblebrook (NYSE: PEB) stock per share of LaSalle stock, with up to 30 percent of the shares eligible for cash at $37.80 per share — which LaSalle claims is a 48 percent premium over its stock price before merger rumors first caused it to sway.
Pebblebrook Hotel (PEB) delivered FFO and revenue surprises of 2.78% and 0.01%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
BETHESDA, Md. (AP) _ Pebblebrook Hotel Trust (PEB) on Thursday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations. The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $51.2 million, or 74 cents per share, in the period.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Read More...
A Maryland REIT will market the 803-room Westin Copley Place in Boston’s Back Bay for sale — it's the fourth-largest hotel in Massachusetts, according the BBJ research.
Pebblebrook Hotel Trust (PEB) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front
According to the GuruFocus All-In-One Screener, the following real estate stocks are popular among gurus. Warning! GuruFocus has detected 7 Warning Signs with HPT. The stock is trading with a price-earnings ratio of 45.20.
Pebblebrook Hotel Trust (NYSE:PEB), a reits company based in United States, saw significant share price volatility over the past couple of months on the NYSE, rising to the highs ofRead More...
Stocks that moved substantially or traded heavily on Thursday: Pebblebrook Hotel Trust, down $1.24 to $37.25 Pebblebrook said it will buy LaSalle Hotel Properties for $37.80 a share, or $4.2 billion. AeroVironment ...
U.S. hotel owner Pebblebrook Hotel Trust said it agreed to buy LaSalle Hotel Properties in a $5.2 billion cash-and-stock deal, a day after ditching a $4.8 billion all-cash offer from private equity firm ...
Jon Bortz founded LaSalle Hotel Properties in 1998 and led the lodging company until 2009, when he left to start a new firm, Pebblebrook Hotel Trust. Pebblebrook agreed Thursday to acquire LaSalle for about $5.2 billion, including debt, topping a competing offer from Blackstone Group LP that LaSalle had accepted in May. The combined company will own 66 high-end hotels and resorts in or near 16 U.S. urban markets, making it the largest owner of independent lodging properties at a time when a strong economy is encouraging businesses and consumers to increase spending on travel. “We are very pleased to have reached an agreement to bring Pebblebrook and LaSalle together in a strategic combination that represents a terrific value-maximizing opportunity” for shareholders of both companies, Bortz, Pebblebrook’s chief executive officer, said in a statement.
The board of U.S. hotel owner LaSalle Hotel Properties on Wednesday sided with Pebblebrook Hotel Trust's takeover proposal, ditching a $4.8 billion all-cash offer from private equity firm Blackstone Group ...