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In a recent filing with the Securities and Exchange Commission, Jon E. Bortz, Chairman and CEO of Pebblebrook Hotel Trust (NYSE:PEB), reported purchasing 23,213 common shares of the company. The acquisition, which took place on May 20, 2025, was executed at a weighted average price of $9.73 per share, amounting to a total investment of $225,862. This insider purchase comes as the stock trades near $9.11, down about 26% over the past six months, with InvestingPro analysis indicating the stock is currently undervalued.
Following this transaction, Bortz holds a total of 1,558,110 common shares directly. Additionally, he maintains indirect ownership of 200,000 shares through his wife, as well as 18,000 shares of the company’s 5.70% Series H Preferred Shares.
The filing also disclosed that Bortz holds 516,131 LTIP Class B Units, which are part of Pebblebrook Hotel’s Equity Incentive Plan. These units can be converted into common shares or cash, depending on the terms of the partnership agreement.
This activity reflects Bortz’s ongoing involvement and investment in Pebblebrook Hotel Trust, adding to his substantial holdings in the company.
In other recent news, Pebblebrook Hotel Trust reported their first-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of -$0.37, exceeding the forecast of -$0.39, and reported revenue of $320.27 million against an anticipated $312.38 million. Pebblebrook’s same property hotel EBITDA and adjusted EBITDA also surpassed midpoints by $4.3 million and $4.1 million, respectively. The company completed a $15 million renovation of the Hyatt Centric in Santa Monica, enhancing its property portfolio. Pebblebrook has expressed caution regarding potential economic slowdowns in the second half of 2025, although it remains prepared with a flexible capital strategy. Analysts from firms such as Wedbush have noted the company’s strong performance in the first quarter, with a focus on operational efficiencies and cost management. Pebblebrook’s CEO, John Bortz, highlighted their preparedness for economic uncertainties, emphasizing their substantial free cash flow and liquidity. The company has slightly reduced its full-year outlook due to potential economic challenges, but it continues to adapt to changing market conditions.
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