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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Oct. 31, 8:05 PM

Slide #9. Pebblebrook Hotel Trust Secondary Offering

Company: Pebblebrook Hotel Trust (NYSE:PEB)
Date announced: 10/27/2014
Shares Offered: 3,200,000
Date of Pricing: 10/28/2014
Price Per Share: $39.72
Secondary Offering Details: Pebblebrook Hotel Trust (the "Company") (NYSE:PEB) announced today that it intends to issue 3,200,000 of its common shares of beneficial interest, $0.01 par value per share, in an underwritten public offering. The underwriter may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The underwriter has been granted a 30-day option to purchase up to an additional 480,000 common shares. The offering is expected to close on October 30, 2014, subject to customary closing conditions. - updated 10/28 - Pebblebrook Hotel Trust (the "Company") (NYSE:PEB) announced today the pricing of its public follow-on offering of 3,200,000 of its common shares of beneficial interest, $0.01 par value per share, for expected approximate net proceeds of approximately $127.1 million after the underwriting discount and estimated offering-related expenses payable by the Company. The underwriter has been granted a 30-day option to purchase up to an additional 480,000 common shares. The offering is expected to close on or about October 30, 2014, subject to customary closing conditions. Wells Fargo Securities is serving as the sole book-running manager for the offering and proposes to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Pebblebrook Hotel Trust is a real estate investment trust. Co. invests in hotel properties located in U.S. cities, including Atlanta, Boston, Los Angeles, Miami, Minneapolis, New York, Philadelphia, Portland, Santa Monica, San Diego, San Francisco, Seattle, and Washington, D.C., with an emphasis on metropolitan markets. Co. also targets investments in resort properties located near its primary urban target markets, and in select destination resort markets such as south Florida and southern California. Co. focuses on both branded and independent full-service hotels in the lodging industry. As of Dec 31 2013, Co. owned interests in 29 hotels, including 23 wholly owned hotels.

Preferreds: PEB.PRB, PEB.PRA, PEB.PRC


Open the PEB Page at The Online Investor »

Company Name:  Pebblebrook Hotel Trust
Website:  www.pebblebrookhotels.com
Sector:  REITs
Number of ETFs Holding PEB:  37
Total Market Value Held by ETFs:  $334.24M
Total Market Capitalization:  $2.80B
% of Market Cap. Held by ETFs:  11.92%
 

Open the PEB Page at The Online Investor (in a new window) »

October 31, 2014    8:05 PM Eastern
Quotes delayed 20 minutes



Strong Buy (3.50 out of 4)
69th percentile
(ranked higher than approx. 69% of all stocks covered)
Based on Zacks ABR data;
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