Pebblebrook Hotel Trust (NYSE:PEB) shares traded 1.28% higher at $14.23 on Wall Street last session.
In accordance with the data, 12 analysts cover Pebblebrook Hotel Trust (NYSE:PEB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $12.00, we find $15.00. Given the previous closing price of $14.05, this indicates a potential upside of 6.76 percent. PEB stock price is now 2.52% away from the 50-day moving average and -2.89% away from the 200-day moving average. The market capitalization of the company currently stands at $1.73B.
It has been rated a hold by 10 analysts and a buy by 1. Brokers who have rated the stock have averaged $16.14 as their price target over the next twelve months.
In other news, BORTZ JON E, Chairman and CEO bought 8,000 shares of the company’s stock on Jun 23. The stock was bought for $101,256 at an average price of $12.66. Upon completion of the transaction, the Chairman and CEO now directly owns 1,173,102 shares in the company, valued at $16.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 22, Chairman and CEO BORTZ JON E bought 3,632 shares of the business’s stock. A total of $46,073 was incurred on buying the stock at an average price of $12.69. This leaves the insider owning 1,165,102 shares of the company worth $16.58 million. Insiders disposed of 91,679 shares of company stock worth roughly $1.3 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PEB stock. A new stake in Pebblebrook Hotel Trust shares was purchased by CAPITAL GROWTH MANAGEMENT LP during the first quarter worth $4,981,000. PUBLIC SECTOR PENSION INVESTMENT BOARD invested $3,290,000 in shares of PEB during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in Pebblebrook Hotel Trust valued at approximately $1,361,000. QUADRATURE CAPITAL LTD acquired a new stake in PEB for approximately $893,000. CANNON GLOBAL INVESTMENT MANAGEMENT, LLC purchased a new stake in PEB valued at around $771,000 in the second quarter. In total, there are 372 active investors with 120.62% ownership of the company’s stock.
Pebblebrook Hotel Trust (NYSE: PEB) opened at $14.05 on Friday. During the past 12 months, Pebblebrook Hotel Trust has had a low of $12.37 and a high of $20.53. The fifty day moving average price for PEB is $13.89 and a two-hundred day moving average price translates $14.64 for the stock.
The latest earnings results from Pebblebrook Hotel Trust (NYSE: PEB) was released for Mar, 2023. According to the REIT – Hotel & Motel Company, earnings per share came in at -$0.27, beating analysts’ expectations of -$0.42 by 0.15. This compares to -$0.85 EPS in the same period last year. The company reported revenue of $305.72 million for the quarter, compared to $258.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.46 percent. For the current quarter, analysts expect PEB to generate $380.74M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/17/2023. Investors who held shares on 06/30/2023 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 0.28% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend.
Pebblebrook Hotel Trust(PEB) 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 49 hotels and resorts, totaling approximately 12,500 guest rooms across 14 urban and resort markets.
