Pebblebrook Hotel Trust (NYSE:PEB) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Pebblebrook Hotel Trust (NYSE:PEB)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.20 and traded as high as $14.04. Pebblebrook Hotel Trust shares last traded at $13.70, with a volume of 1,844,051 shares traded.

Analysts Set New Price Targets

PEB has been the topic of a number of recent analyst reports. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Wedbush cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research report on Thursday, January 2nd. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, November 21st. Wells Fargo & Company boosted their target price on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $14.75 to $15.00 in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.83.

Pebblebrook Hotel Trust Trading Up 0.4 %

The business’s fifty day moving average price is $13.60 and its 200 day moving average price is $13.20. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -47.41, a price-to-earnings-growth ratio of 0.60 and a beta of 1.86. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -13.79%.

Insider Activity at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the sale, the chief executive officer now directly owns 1,349,284 shares in the company, valued at approximately $28,834,199.08. The trade was a 0.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jon E. Bortz bought 13,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was bought at an average cost of $12.68 per share, with a total value of $164,840.00. Following the purchase, the chief executive officer now owns 1,395,284 shares in the company, valued at $17,692,201.12. The trade was a 0.94 % increase in their position. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEB. Covestor Ltd raised its stake in Pebblebrook Hotel Trust by 80.1% during the 3rd quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,989 shares during the last quarter. Quarry LP lifted its position in shares of Pebblebrook Hotel Trust by 2,376.9% in the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 4,326 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Pebblebrook Hotel Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 1,212 shares in the last quarter. FMR LLC boosted its position in shares of Pebblebrook Hotel Trust by 10.8% during the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 884 shares during the last quarter. Finally, FORA Capital LLC purchased a new position in shares of Pebblebrook Hotel Trust during the third quarter valued at about $133,000.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.