Pebblebrook Hotel Trust CEO Jon E Bortz buys 5000 shares at $9.5/share on June 6, 2025.

Pebblebrook Hotel Trust (PEB) has recently announced that Director, Chairman and CEO Jon E. Bortz has acquired 5,000 shares at a price of $9.50 per share on June 6, 2025.

Pebblebrook Hotel Trust (PEB) has recently announced that its Director, Chairman, and CEO Jon E. Bortz acquired 5,000 shares of the company's common stock on June 6, 2025. The purchase was made at a price of $9.50 per share, totaling $47,500 [2].

This acquisition comes as part of a broader trend of executives and insiders buying their own company's stock, which can signal confidence in the company's future prospects. Bortz's purchase is significant, as it increases his direct ownership of PEB shares to 1,607,110, along with 18,000 5.70% Series H Preferred Shares. He also indirectly owns 200,000 shares through his wife [2].

The move aligns with Pebblebrook's recent financial performance, which has shown steady growth in key metrics. For the second quarter of 2025, the company reported a 1.5% increase in same-property RevPAR compared to 2024, with a cautious outlook for the remainder of the year [1]. The company's urban recovery potential is also promising, with an anticipated $45+ million increase in urban hotel EBITDA over the next 3 to 4 years [1].

However, Pebblebrook's stock price has seen a recent adjustment in its price target. On June 2, 2025, Truist Securities lowered its price target for PEB from $10.00 to $9.00, reflecting a 10% decrease in the anticipated price point [3]. Despite this adjustment, the stock's overall rating remains "Hold," indicating a neutral outlook from the firm.

Investors should consider the company's recent financial performance and the CEO's confidence in the company's future prospects when evaluating Pebblebrook Hotel Trust's stock. The acquisition of shares by Bortz signals a positive sentiment towards the company's long-term outlook.

References:
[1] https://www.marketscreener.com/quote/stock/PEBBLEBROOK-HOTEL-TRUST-5776900/news/Pebblebrook-Hotel-Trust-June-2025-Nareit-Conference-Summary-Sheet-50140092/
[2] https://www.tradingview.com/news/tradingview:52e438147c863:0-pebblebrook-hotel-trust-ceo-jon-e-bortz-purchases-5-000-common-shares/
[3] https://www.gurufocus.com/news/2902168/pebblebrook-hotel-peb-sees-price-target-adjustment-by-truist-securities-peb-stock-news