Pebblebrook Hotel Trust (NYSE:PEB) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Pebblebrook Hotel Trust (NYSE:PEB) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.23 and traded as high as $14.17. Pebblebrook Hotel Trust shares last traded at $13.93, with a volume of 1,709,823 shares.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PEB shares. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Thursday, January 2nd. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, November 21st. Truist Financial lowered their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th. Wells Fargo & Company raised their target price on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $14.75 to $15.00 in a report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus price target of $14.83.

Pebblebrook Hotel Trust Price Performance

The firm has a 50 day moving average price of $13.74 and a 200-day moving average price of $13.23. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

Insider Transactions at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz bought 13,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of $12.68 per share, with a total value of $164,840.00. Following the completion of the acquisition, the chief executive officer now owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust’s stock valued at $40,272,000 after buying an additional 28,871 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,418,159 shares of the real estate investment trust’s stock valued at $31,992,000 after buying an additional 130,265 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 38.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,963,388 shares of the real estate investment trust’s stock valued at $26,997,000 after buying an additional 541,573 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Pebblebrook Hotel Trust by 68.1% in the second quarter. Bank of Montreal Can now owns 1,875,288 shares of the real estate investment trust’s stock valued at $25,841,000 after buying an additional 759,964 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Pebblebrook Hotel Trust by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,747,195 shares of the real estate investment trust’s stock worth $24,023,000 after purchasing an additional 41,659 shares in the last quarter.

Pebblebrook Hotel Trust Company Profile

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.