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PEBUSOpenBack To Top
Last Updated: Jun 18, 2018 2:18 p.m. EDT Real time quote

$ 38.97

-0.56 -1.42%
Previous Close
$39.53
Advanced Charting
  • $
  • %
  • Vol
Advanced Charting
60.23% vs Avg.
Volume: 474.8K 65 Day Avg. - 788.3K
Open: 39.30
Last: 38.97
38.85 Day Low/High 39.57
Day Range
31.29 52 Week Low/High 41.65

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Key Data

  • Open $39.30
  • Day Range 38.85 - 39.57
  • 52 Week Range 31.29 - 41.65
  • Market Cap $2.73B
  • Shares Outstanding 69.04M
  • Public Float 67.69M
  • Beta 1.10
  • Rev. per Employee $27.5M
  • P/E Ratio 28.79
  • EPS $1.35
  • Yield 3.91%
  • Dividend $0.38
  • Ex-Dividend Date Jun 28, 2018
  • Short Interest 10.74M 05/31/18
  • % of Float Shorted 15.86%
  • Average Volume 788.29K

Performance

5 Day
  • -2.53%
1 Month
  • -1.91%
3 Month
  • 10.37%
YTD
  • 4.84%
1 Year
  • 16.22%

Recent News

  • MarketWatch
  • Other Dow Jones

Pebblebrook almost doubles stake in LaSalle Hotel Properties to 9%

Pebblebrook almost doubles stake in LaSalle Hotel Properties to 9%

LaSalle Hotel Properties receives higher buyout bid from Pebblebrook, trumping Blackstone's bid

Shares of LaSalle Hotel Properties rose 0.3% in morning trade Monday, after the company confirmed that it received a buyout proposal from fellow real estate investment trust Pebblebrook Hotel Trust that at Friday's closing prices represents an 11% premium to Blackstone Group LP's $4.8 billion bid. Pebblebrook's stock slid 1.2%. LaSalle said the bid from Pebblebrook was for LaSalle shareholders to receive for 0.92 common shares of Pebblebrook for each LaSalle share they own, with the option for LaSalle shareholders to receive cash up to 20% of the total consideration. Based on Friday's closing price of $40.44 for Pebblebrook's stock, the bid would be valued at $37.20, which would give LaSalle a market capitalization of about $4.11 billion. On May 21, LaSalle agreed to be bought by Blackstone for $33.50 a share in cash. In April, LaSalle said it had received an unsolicited buyout bid from Pebblebrook, in which LaSalle shareholders would received 0.9085 Pebblebrook shares for each LaSalle share they owned. LaSalle's stock has rallied 15.4% over the past 12 months, while Pebblebrook shares have climbed 22.6%, the SPDR Real Estate Select Sector ETF has lost 0.4% and the S&P 500 has gained 14.4%.

REITs keep getting spanked, but here are some bright spots

REITs keep getting spanked, but here are some bright spots

LaSalle Hotel's stock rallies after Pebblebrook boosts buyout bid, again

Shares of LaSalle Hotel Properties rose 1.7% in premarket trade Tuesday, after real estate investment trust Pebblebrook Hotel Trust raised it buyout bid a second time in a week. Pebblebrook said it's current bid is for 0.9085 Pebblebrook shares for each LaSalle share outstanding, up from the exchange ratio of 0.8944 announced on April 16, and compared with the original exchange ratio of 0.8655 revealed on March 28. Based on Monday's closing prices, the current bid would be for $32.25 a share, or 3.5% above Monday's close of $31.16, and 30% above the March 27 close of $24.84. LaSalle rejected the initial unsolicited bid, saying it was "insufficient," and had said last week it would "carefully" review the revised bid. LaSalle shares had rallied 11.0% year to date through Monday, while Pebblebrook's stock had lost 4.5% and the S&P 500 had eased 0.1%.

Pebblebrook Hotel Trust downgraded to neutral from outperform at Baird

Pebblebrook Hotel Trust upgraded to buy from neutral at Janney

Follow the money — sell health-care stocks  and buy dividend shares
Opinion

Follow the money — sell health-care stocks and buy dividend shares

Pebblebrook Hotel Trust downgraded to neutral from outperform at Credit Suisse

Pebblebrook Hotel Trust downgraded to neutral from outperform at Credit Suisse

Pebblebrook Hotel Trust stock price target cut to $50 from $55 at Stifel Nicolaus

Pebblebrook Hotel Trust upgraded to outperform from neutral at RW Baird

How long-term investors can imitate Harvard and Yale

This CEO is betting big on his company's stock

Pebblebrook to buy Embassy Suites Hotel, San Diego

Pebblebrook cuts fourth-quarter, full year outlook

Stocks to watch Tuesday: IHS, HCP, Affymetrix

Stocks to watch Tuesday: IHS, HCP, Affymetrix

Pebblebrook to pay $152 mln for hotel ventue stake

Pebblebrook to buy Boston's W Hotel for $89.5 mln

Outlook for lodging industry improving: analyst

Pebblebrook Hotel Trust prices $350 million IPO

Corrections & Amplifications

Corrections & Amplifications for the edition of June 14, 2018.

  • on The Wall Street Journal

Buyers Cherry-Pick REITs in the Bargain Bin

The mergers-and-acquisition bug has hit the real-estate investment trust industry, the long-anticipated result of the discounts that REIT stocks have been trading at compared with the private-market valuations of their properties.

  • on The Wall Street Journal

Pebblebrook Offers $4.17 Billion in Fifth Bid to Buy LaSalle Hotel Properties

Pebblebrook Hotel Trust is offering about $4.17 billion to acquire LaSalle, its third pitch to buy the hotelier as it works to best a deal the company reached with private-equity firm Blackstone.

  • on The Wall Street Journal

ValueAct’s Spring Fund Takes an Interest in Unifi

The target company makes “green” wool from recyclables. Plus, quick takes on eight other investor filings with the SEC.

  • on Barron's Online

Newmark Raids Eastdil Secured for Hotel Sales Team

Howard Lutnick’s Newmark Group has poached a senior hotel sales and financing team from rival Eastdil Secured in Newmark’s biggest talent grab since its initial public offering in December.

  • on The Wall Street Journal

Long-Suffering REITs Might Be Turning a Corner

U.S. REITs have been underperformers for the past two years— but as merger activity increases, some investors are giving them a look.

  • on The Wall Street Journal

Pinnacle Foods and Jana Partners Break Bread

Plus, 13Ds filings made this week by 11 other companies.

  • on Barron's Online

Pebblebrook Boosts Its Bid for LaSalle Hotel Properties

Lodging REIT Pebblebrook Hotel Trust has revised its bid for LaSalle Hotel Properties, boosting the price and the potential cash payout percentage amid talk of competition from other potential bidders.

  • on The Wall Street Journal

Activist Starboard Value Looks Into Forest City Realty

Plus, brief descriptions of 11 of last week’s SEC filings

  • on Barron's Online

Big REIT Buys: Duke, SL Green, American Tower

  • on Barron's

REITs Get a New Lease on Life

  • on Barron's
Vetting Rules Raise Questions for Hotels, Airlines

Vetting Rules Raise Questions for Hotels, Airlines

  • on The Wall Street Journal

Ranking the Lodging REITs

  • on Barron's

Three Top Picks in Lodging REITs

  • on Barron's

Dividend Investors Should Check Into Hotel Stocks

  • on Barron's
InterContinental, Kimpton Face Growing Pains

InterContinental, Kimpton Face Growing Pains

  • on The Wall Street Journal
Airbnb Crimps Hotels’ Power on Pricing

Airbnb Crimps Hotels’ Power on Pricing

  • on The Wall Street Journal
La Quinta CEO Goldberg Steps Down by Mutual Agreement With Board

La Quinta CEO Goldberg Steps Down by Mutual Agreement With Board

  • on The Wall Street Journal
Hotel Industry Groups Sue Los Angeles Over Minimum Wage Law

Hotel Industry Groups Sue Los Angeles Over Minimum Wage Law

  • on The Wall Street Journal
Hotel Family Lays Out a Future

Hotel Family Lays Out a Future

  • on The Wall Street Journal

Recent News

  • Other News
  • Press Releases

Pebblebrook Hotel Trust boosts stake in LaSalle Hotel; LHO backs Blackstone deal

Pebblebrook Hotel Trust boosts stake in LaSalle Hotel; LHO backs Blackstone deal

  • on Seeking Alpha

Dividend Portfolio Review: New Dividend Record

Dividend Portfolio Review: New Dividend Record

  • on Seeking Alpha

Tariff Tensions: Homebuilders Dive, REITs Hold Steady

Tariff Tensions: Homebuilders Dive, REITs Hold Steady

  • on Seeking Alpha

Corrections & Amplifications

Corrections & Amplifications for the edition of June 14, 2018.

  • on The Wall Street Journal

Buyers Cherry-Pick REITs in the Bargain Bin

The mergers-and-acquisition bug has hit the real-estate investment trust industry, the long-anticipated result of the discounts that REIT stocks have been trading at compared with the private-market valuations of their properties.

  • on The Wall Street Journal

Pebblebrook Offers $4.17 Billion in Fifth Bid to Buy LaSalle Hotel Properties

Pebblebrook Hotel Trust is offering about $4.17 billion to acquire LaSalle, its third pitch to buy the hotelier as it works to best a deal the company reached with private-equity firm Blackstone.

  • on The Wall Street Journal

LaSalle +1% after Pebblebrook revises bid in effort to thwart Blackstone deal

LaSalle +1% after Pebblebrook revises bid in effort to thwart Blackstone deal

  • on Seeking Alpha

LaSalle +3% after Pebblebrook revises bid in effort to thwart Blackstone deal

LaSalle +3% after Pebblebrook revises bid in effort to thwart Blackstone deal

  • on Seeking Alpha

4 REITs That Outperformed Broader Market in May and Still Look Solid

4 REITs That Outperformed Broader Market in May and Still Look Solid

  • on InvestorPlace.com

Why REIT Valuations Look Attractive as the Market Hits the Roof

In the recently concluded first quarter, more than 95% of REITs reported earnings beats and maintained their guidances for 2018.

  • on MarketRealist.com

The Next Buyout Target - 8.5% Yield And 30% Upside

The Next Buyout Target - 8.5% Yield And 30% Upside

  • on Seeking Alpha

Barclays Believes Pebblebrook Hotel (PEB) Won’t Stop Here

In a report released yesterday, Felicia Hendrix from Barclays maintained a Buy rating on Pebblebrook ...[...]

  • on SmarterAnalyst

REITs trade up as LaSalle Hotel takeover battle highlights category

REITs trade up as LaSalle Hotel takeover battle highlights category

  • on Seeking Alpha

LaSalle Hotel Properties Shares Jump on $4.8B Blackstone Buyout

LaSalle Hotel Properties Shares Jump on $4.8B Blackstone Buyout

  • on InvestorPlace.com

Pebblebrook sweetens LHO offer with cash component, more shares

Pebblebrook sweetens LHO offer with cash component, more shares

  • on Seeking Alpha

Blackstone to buy LaSalle Hotel for $4.8B

Blackstone to buy LaSalle Hotel for $4.8B

  • on Seeking Alpha

Blackstone to buy LaSalle Hotel for $4.8B: Bloomberg

Blackstone to buy LaSalle Hotel for $4.8B: Bloomberg

  • on Seeking Alpha

Newmark Raids Eastdil Secured for Hotel Sales Team

Howard Lutnick’s Newmark Group has poached a senior hotel sales and financing team from rival Eastdil Secured in Newmark’s biggest talent grab since its initial public offering in December.

  • on The Wall Street Journal

Long-Suffering REITs Might Be Turning a Corner

U.S. REITs have been underperformers for the past two years— but as merger activity increases, some investors are giving them a look.

  • on The Wall Street Journal

LaSalle holder HG Vora boosts stake, urges sale to Pebblebrook

LaSalle holder HG Vora boosts stake, urges sale to Pebblebrook

  • on Seeking Alpha

Pebblebrook Hotel Trust Announces Increased Ownership Position in LaSalle Hotel Properties and Reiterates Its Offer with Downside Protection and Upside Potential

Pebblebrook Hotel Trust Announces Increased Ownership Position in LaSalle Hotel Properties and Reiterates Its Offer with Downside Protection and Upside Potential

  • on BusinessWire - BZX

LaSalle Hotel Properties Board of Trustees Reaffirms Support for Blackstone Transaction

LaSalle Hotel Properties Board of Trustees Reaffirms Support for Blackstone Transaction

  • on BusinessWire - BZX

Pebblebrook Hotel Trust Declares Dividends for Second Quarter 2018

Pebblebrook Hotel Trust Declares Dividends for Second Quarter 2018

  • on BusinessWire - BZX

LaSalle Hotel Properties Confirms Receipt of Proposal from Pebblebrook Hotel Trust

LaSalle Hotel Properties Confirms Receipt of Proposal from Pebblebrook Hotel Trust

  • on BusinessWire - BZX

Pebblebrook Hotel Trust Submits Revised Higher Offer to Acquire LaSalle Hotel Properties

Pebblebrook Hotel Trust Submits Revised Higher Offer to Acquire LaSalle Hotel Properties

  • on BusinessWire - BZX

Southern Lodging Summit to Host 16th Annual Conference August 28th & 29th in Memphis, Tenn.

Southern Lodging Summit to Host 16th Annual Conference August 28th & 29th in Memphis, Tenn.

  • on BusinessWire - BZX

WeissLaw LLP Investigates LaSalle Hotel Properties

WeissLaw LLP Investigates LaSalle Hotel Properties

  • on PR Newswire - PRF

Analysis: Positioning to Benefit within Boise Cascade, L.L.C, MTS, Shopify, Lands' End, Gramercy Property Trust, and Pebblebrook Hotel Trust -- Research Highlights Growth, Revenue, and Consolidated Results

Analysis: Positioning to Benefit within Boise Cascade, L.L.C, MTS, Shopify, Lands' End, Gramercy Property Trust, and Pebblebrook Hotel Trust -- Research Highlights Growth, Revenue, and Consolidated Results

  • on GlobeNewswire

Pebblebrook Hotel Trust Issues Statement in Response to LaSalle Hotel Properties’ Announcement of Merger Agreement with Blackstone

Pebblebrook Hotel Trust Issues Statement in Response to LaSalle Hotel Properties’ Announcement of Merger Agreement with Blackstone

  • on BusinessWire - BZX

Lasalle, Pebblebrook and Labor Negotiations? a New Report by UNITE HERE

Lasalle, Pebblebrook and Labor Negotiations? a New Report by UNITE HERE

  • on BusinessWire - BZX

Pebblebrook Hotel Trust Reports First Quarter 2018 Results and Increases 2018 Outlook

Pebblebrook Hotel Trust Reports First Quarter 2018 Results and Increases 2018 Outlook

  • on BusinessWire - BZX

What's Happening With These REIT Stocks? -- Pebblebrook Hotel Trust, RLJ Lodging Trust, Sunstone Hotel Investors, and Xenia Hotels & Resorts

What's Happening With These REIT Stocks? -- Pebblebrook Hotel Trust, RLJ Lodging Trust, Sunstone Hotel Investors, and Xenia Hotels & Resorts

  • on PR Newswire - PRF

LaSalle Hotel Properties Issues Statement in Response to Pebblebrook Hotel Trust's Revised Unsolicited Proposal

LaSalle Hotel Properties Issues Statement in Response to Pebblebrook Hotel Trust's Revised Unsolicited Proposal

  • on BusinessWire - BZX

Pebblebrook Hotel Trust Releases Letter to Board of LaSalle Hotel Properties, Offers Final Merger Proposal

Pebblebrook Hotel Trust Releases Letter to Board of LaSalle Hotel Properties, Offers Final Merger Proposal

  • on BusinessWire - BZX

Blog Exposure - Pebblebrook Hotel Trust Makes a Revised Bid to Acquire Lasalle Hotel Properties

Blog Exposure - Pebblebrook Hotel Trust Makes a Revised Bid to Acquire Lasalle Hotel Properties

  • on ACCESSWIRE

LaSalle Hotel Properties to Review Revised Unsolicited Proposal from Pebblebrook Hotel Trust

LaSalle Hotel Properties to Review Revised Unsolicited Proposal from Pebblebrook Hotel Trust

  • on BusinessWire - BZX

Pebblebrook Hotel Trust Releases Letter to Board of LaSalle Hotel Properties, Revises Merger Proposal and Substantially Raises Offer Price

Pebblebrook Hotel Trust Releases Letter to Board of LaSalle Hotel Properties, Revises Merger Proposal and Substantially Raises Offer Price

  • on BusinessWire - BZX

Pebblebrook Hotel Trust Announces Inadvertent Disclosure of Draft Document

Pebblebrook Hotel Trust Announces Inadvertent Disclosure of Draft Document

  • on BusinessWire - BZX

Pebblebrook Hotel Trust Provides Update on First Quarter 2018 Outlook

Pebblebrook Hotel Trust Provides Update on First Quarter 2018 Outlook

  • on BusinessWire - BZX

Pebblebrook Hotel Trust Schedules First Quarter 2018 Earnings Release and Conference Call

Pebblebrook Hotel Trust Schedules First Quarter 2018 Earnings Release and Conference Call

  • on BusinessWire - BZX

Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a real estate investment trust, which engages in the investments and acquisition in hotel properties. it includes cities in United States, such as Atlanta, Boston, Los Angeles, Miami, Minneapolis, Nashville, Naples, Philadelphia, Portland, Santa Monica, San Diego, San Francisco, Seattle, and Washington. The company was founded by Jon E. Bortz on October 2, 2009 and is headquartered in Bethesda, MD. (See Full Profile)

Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 10 Full Ratings

Benzinga's Top Upgrades, Downgrades For August 28, 2017

  • on Benzinga.com

Cycle In Lodging 'Appears To Be Over'; BofA Downgrades 4 Stocks, Lowers Targets On 6

  • on Benzinga.com

Hotel REIT Sector Downgraded To Sell At Ladenburg

  • on Benzinga.com

Competitors

Name Chg % Market Cap
LaSalle Hotel Properties -1.49% $3.9B
Host Hotels & Resorts Inc. -0.61% $15.78B
Chesapeake Lodging Trust -0.31% $1.92B
RLJ Lodging Trust -0.45% $3.89B
Summit Hotel Properties Inc. 0.21% $1.48B
Competitor Data Provided By

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