Pebblebrook Hotel Stock To Go Ex-dividend Tomorrow (PEB)
The ex-dividend date for Pebblebrook Hotel (NYSE:PEB) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $22.64 as of 9:30 a.m., the dividend yield is 2.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Pebblebrook Hotel (NYSE: PEB) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $22.64 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Pebblebrook Hotel has been 398,800 shares per day over the past 30 days. Pebblebrook Hotel has a market cap of $1.19 billion and is part of the financial sector and real estate industry. Shares are up 18.1% year to date as of the close of trading on Monday. Pebblebrook Hotel Trust, through Pebblebrook Hotel, L.P., operates as a real estate investment trust. The company acquires and invests primarily in hotel properties located in the United States. The company has a P/E ratio of 755, above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Pebblebrook Hotel as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Pebblebrook Hotel Ratings Report. See our dividend calendar or top-yielding stocks list.