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Michael J. Schall, a director at Pebblebrook Hotel Trust (NYSE:PEB), recently purchased 10,000 common shares of the company. The shares were acquired at a price of $11.87 each, totaling approximately $118,699. According to InvestingPro data, this insider purchase aligns with broader management activity, as the company has been actively buying back shares. The stock currently trades at a low revenue multiple, with a perfect Piotroski Score of 9, indicating strong financial health. Following this transaction, Schall directly owns 99,693 shares. Additionally, he holds 8,500 shares indirectly through a deferred compensation plan and 938 shares indirectly through his wife. Schall has disclaimed beneficial ownership of certain portions of these indirect holdings. Investors often watch insider transactions like these for potential insights into a company’s future performance. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional exclusive insights available to subscribers through detailed Pro Research Reports covering what really matters for smarter investment decisions.
In other recent news, Pebblebrook Hotel Trust reported its fourth quarter earnings for 2024, revealing a mixed performance. The company faced challenges with earnings per share (EPS) at -0.51, falling short of the forecasted -0.38. However, revenue for the quarter exceeded expectations, reaching $337.6 million compared to the anticipated $324.03 million. Pebblebrook completed a $525 million redevelopment program, which contributed to strong performance in its resort properties, particularly in California. The company also reported a 2.1% increase in full-year same-property total revenue per available room (RevPAR) and a 0.8% rise in adjusted EBITDA to $359.2 million. Analyst firms such as Wells Fargo (NYSE:WFC) and Evercore ISI have shown interest in the company’s strategic plans and market outlook. Pebblebrook anticipates potential revenue impacts from Los Angeles wildfires, estimated at $8.5-$11 million in the first quarter of 2025. Despite these challenges, the company remains optimistic about future market recovery and continued efforts to enhance operational efficiencies.
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