|Bid||15.82 x 1400|
|Ask||38.00 x 1000|
|Day's Range||31.05 - 32.05|
|52 Week Range||31.05 - 41.65|
|Beta (3Y Monthly)||1.36|
|PE Ratio (TTM)||20.50|
|Earnings Date||Nov 1, 2018|
|Forward Dividend & Yield||1.52 (4.73%)|
|1y Target Est||40.44|
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
NEW YORK, Oct. 10, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) and LaSalle Hotel Properties (LHO) (“LaSalle”) announced today that their pending merger transaction is on schedule for a planned closing date of November 30, 2018. Pebblebrook and LaSalle will each hold a special meeting of its shareholders on November 27, 2018 to approve Pebblebrook’s proposed acquisition of LaSalle. Pebblebrook and LaSalle shareholders of record as of the close of business on October 23, 2018 will be entitled to vote at the applicable special meeting of shareholders.
Pebblebrook Hotel Trust today announced that it will report its financial and operating results for the quarter ending September 30, 2018 on Thursday, November 1, 2018, after the market closes.
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 (PEB) (“Pebblebrook”) and LaSalle Hotel Properties (LHO) (“LaSalle”) announced today that Pebblebrook has filed a preliminary joint proxy statement/prospectus as part of a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (“SEC”) in connection with Pebblebrook’s proposed merger with LaSalle. While the registration statement has not yet become effective and the information contained therein is subject to change, it provides important information about Pebblebrook’s proposed merger with LaSalle. Once the registration statement has been declared effective by the SEC, the final joint proxy statement/prospectus will be mailed to shareholders of Pebblebrook and of LaSalle prior to shareholder votes on the proposed merger.
Pebblebrook Hotel Trust (PEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.38 per common share of beneficial interest, to be paid on October 15, 2018 to shareholders of record as of September 28, 2018 (the “Record Date”). The common dividend represents an annualized yield of approximately 4.2 percent based on the closing price of the Company’s common shares on September 14, 2018. The Board of Trustees also authorized, and the Company has declared, a regular quarterly cash dividend of $0.40625 per share of the Company’s 6.50% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest and a regular quarterly cash dividend of $0.39844 per share of the Company’s 6.375% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest, each of which will be paid on October 15, 2018 to shareholders of record as of the Record Date.
Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) and LaSalle Hotel Properties (LHO) (“LaSalle”) will host an investor call today, Thursday, September 13, 2018 at 9:00 a.m. ET., to discuss the pending strategic combination of Pebblebrook and LaSalle, which was announced on September 6, 2018. Under the terms of the merger agreement, Pebblebrook will acquire 100% of LaSalle’s outstanding common shares. Additionally, a live webcast of the call will be available at Pebblebrook’s investor relations website at investor.pebblebrookhotels.com.
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 ...
LaSalle has also canceled a shareholder vote regarding the Blackstone-LaSalle agreement that was previously scheduled for Thursday. On Wednesday, LaSalle’s board determined that Pebblebrook’s latest offer is a ”superior” proposal to Blackstone’s offer. A maximum of 30% of outstanding LaSalle shares may be exchanged for cash.
MARKET PULSE Pebblebrook Hotel Trust (peb) said Thursday it reached an agreement to buy fellow real estate investment trust LaSalle Hotel Properties in a deal valued at $5.2 billion. Separately, LaSalle said it terminated its previously announced merger deal with affiliates of Blackstone Group LP (bx) Pebblebrook and LaSalle shares were halted for news pending.
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.
Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) and LaSalle Hotel Properties (LHO) (“LaSalle”) today jointly announced that they have entered into a definitive merger agreement under which Pebblebrook will acquire 100% of LaSalle’s outstanding common shares (the “Pebblebrook-LaSalle Agreement”). LaSalle has terminated its previously announced merger agreement with affiliates of The Blackstone Group L.P. (BX) (“Blackstone”) (the “Blackstone-LaSalle Agreement”) following receipt of a waiver of Blackstone’s four business day period during which it could have proposed amendments to the terms of the Blackstone-LaSalle Agreement. LaSalle has canceled its special meeting of LaSalle shareholders previously scheduled for September 6, 2018 relating to the Blackstone-LaSalle Agreement.
Blackstone Group has no plans to increase its takeover offer for LaSalle Hotel Properties, even after the hotel owner’s board said a rival bid for the company was “superior.”
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 ...
The board of LaSalle Hotel Properties said on Wednesday the unsolicited offer from Pebblebrook Hotel Trust constituted a "superior proposal" to that from Blackstone Group LP. The company also said it had sent a notice to Blackstone Group LP to terminate its previous merger agreement. Pebblebrook has offered 0.92 of its common shares per LaSalle share, with the option to receive $37.80 per share in cash up to a maximum of 30 percent in aggregate of the consideration.
Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) today commented on the determination by the Board of Trustees of LaSalle Hotel Properties (LHO) (“LaSalle”) that the Pebblebrook proposal of August 21, 2018 constitutes a “Superior Proposal” under the merger agreement LaSalle entered into with affiliates of The Blackstone Group L.P. (BX) (“Blackstone”). “We have long been convinced that a strategic combination with LaSalle represents a value-maximizing opportunity for the shareholders of both LaSalle and Pebblebrook, and we are pleased that the LaSalle Board has determined our August 21, 2018 offer is a ‘Superior Proposal,’” said Jon Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust.