In yesterday’s Wall Street session, Pebblebrook Hotel Trust (NYSE:PEB) shares traded at $12.16, up 4.47% from the previous session.
As of this writing, 15 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 $14.50. Given the previous closing price of $11.64, this indicates a potential upside of 24.57 percent. PEB stock price is now -10.68% away from the 50-day moving average and -14.20% away from the 200-day moving average. The market capitalization of the company currently stands at $1.47B.
There are 12 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $15.44 as their price target over the next twelve months.
With the price target of $14, Wedbush recently initiated with Neutral rating for Pebblebrook Hotel Trust (NYSE: PEB).
In other news, Miller Phillip M., Director sold 10,000 shares of the company’s stock on Aug 17. The stock was sold for $144,600 at an average price of $14.46. Upon completion of the transaction, the Director now directly owns 11,657 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 23, Chairman and CEO BORTZ JON E bought 8,000 shares of the business’s stock. A total of $101,256 was incurred on buying the stock at an average price of $12.66. This leaves the insider owning 1,173,102 shares of the company worth $14.26 million. Insiders disposed of 92,479 shares of company stock worth roughly $1.12 million over the past 1 year. A total of 1.84% of the company’s stock is owned by insiders.
Thursday morning saw Pebblebrook Hotel Trust (NYSE: PEB) opened at $11.92. During the past 12 months, Pebblebrook Hotel Trust has had a low of $11.52 and a high of $17.38. The fifty day moving average price for PEB is $13.57 and a two-hundred day moving average price translates $14.16 for the stock.
The latest earnings results from Pebblebrook Hotel Trust (NYSE: PEB) was released for Sep, 2023. According to the REIT – Hotel & Motel Company, earnings per share came in at $0.24, beating analysts’ expectations of $0.2 by 0.04. This compares to $0.10 EPS in the same period last year. The net profit margin was -7.98% and return on equity was -2.55% for PEB. The company reported revenue of $395.8 million for the quarter, compared to $416.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.01 percent. For the current quarter, analysts expect PEB to generate $392.79M in revenue.
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 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.
