Pebblebrook Hotel Trust (NYSE: PEB) is -1.05% lower on its value in year-to-date trading and has touched a low of $12.37 and a high of $24.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PEB stock was last observed hovering at around $13.61 in the last trading session, with the day’s loss setting it -0.36% off its average median price target of $16.00 for the next 12 months. It is also 52.68% off the consensus price target high of $28.00 offered by 13 analysts, but current levels are -1.92% lower than the price target low of $13.00 for the same period.
Currently trading at $13.25, the stock is -6.29% and -5.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.3 million and changing -2.65% at the moment leaves the stock -13.75% off its SMA200. PEB registered -36.63% loss for a year compared to 6-month loss of -16.03%. The firm has a 50-day simple moving average (SMA 50) of $3.06 and a 200-day simple moving average (SMA200) of $13.73.
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The stock witnessed a -4.88% gain in the last 1 month and extending the period to 3 months gives it a -9.68%, and is -5.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.44% over the week and 3.34% over the month.
Pebblebrook Hotel Trust (PEB) has around 58 employees, a market worth around $1.64B and $1.44B in sales. Distance from 52-week low is 7.15% and -45.44% from its 52-week high. The company has generated returns on investments over the last 12 months (0.30%).
Pebblebrook Hotel Trust (PEB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Pebblebrook Hotel Trust (PEB) is a “Hold”. 13 analysts offering their recommendations for the stock have an average rating of 2.90, where 10 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Pebblebrook Hotel Trust is expected to release its quarterly report on 07/27/2023.The EPS is expected to grow by 47.10% this year
Pebblebrook Hotel Trust (PEB) Top Institutional Holders
The shares outstanding are 125.49M, and float is at 122.78M with Short Float at 14.10%.
Pebblebrook Hotel Trust (PEB) Insider Activity
A total of 26 insider transactions have happened at Pebblebrook Hotel Trust (PEB) in the last six months, with sales accounting for 6 and purchases happening 20 times. The most recent transaction is an insider purchase by BORTZ JON E, the company’s Chairman and CEO. SEC filings show that BORTZ JON E bought 11,000 shares of the company’s common stock on Mar 22 at a price of $12.95 per share for a total of $0.14 million. Following the purchase, the insider now owns 1.12 million shares.
Pebblebrook Hotel Trust disclosed in a document filed with the SEC on Mar 17 that BORTZ JON E (Chairman and CEO) bought a total of 3,000 shares of the company’s common stock. The trade occurred on Mar 17 and was made at $13.22 per share for $39660.0. Following the transaction, the insider now directly holds 1.11 million shares of the PEB stock.
Still, SEC filings show that on Mar 16, BORTZ JON E (Chairman and CEO) acquired 14,000 shares at an average price of $13.62 for $0.19 million. The insider now directly holds 1,108,102 shares of Pebblebrook Hotel Trust (PEB).
Pebblebrook Hotel Trust (PEB): Who are the competitors?
The company’s main competitors (and peers) include Hersha Hospitality Trust (HT) that is trading -37.61% down over the past 12 months and Host Hotels & Resorts Inc. (HST) that is -10.40% lower over the same period. Sotherly Hotels Inc. (SOHO) is -0.58% down on the 1-year trading charts.
