Chart of the Day - Pebblebrook Hotel Trust (PEB)

The "Chart of the Day" is Pebblebrook Hotel Trust (PEB), which showed up on Monday's Barchart "All-Time High" list. Pebblebrook on Monday posted a new all-time high of $24.26 and closed up 0.96%. TrendSpotter has been long since April 25 at $23.51. In recent news on the stock, Pebblebrook on April 26 reported Q1 adjusted funds from operation of 11 cents, above the consensus of 7 cents. Pebblebrook on April 9 announced that it had acquired the Hotel Milano in San Francisco for $30 million. Pebblebrook Hotel Trust (PEB), with a market cap of $1.2 billion, is a real estate investment trust (REIT) that specializes in owning and managing hotel properties located primarily in large United States cities with an emphasis on the major coastal markets.