A company insider recently bought 5,900 shares of Pebblebrook Hotel Trust [PEB]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pebblebrook Hotel Trust shares valued at $99,474 were purchased by Jackson Ron E. on Jun 30. At $16.86 per share, Jackson Ron E. acquired 5,900 shares. The insider’s holdings grew to 61,122 shares worth approximately $1.15 million following the completion of this transaction.

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Also, BORTZ JON E purchased 16,000 shares, netting a total of over 266,688 in proceeds. Following the buying of shares at $16.67 each, the insider now holds 1,006,830 shares.

Before that, BORTZ JON E had added 10,000 shares to its account. In a trade valued at $163,300, the Chairman, President and CEO bought Pebblebrook Hotel Trust shares for $16.33 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $18.65 million.

Analysts at SMBC Nikko started covering the stock with ‘”an Outperform”‘ outlook in a report released in late March. As of January 10, 2022, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for PEB. Earlier on January 10, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for PEB stock which previously was a “a Buy”.

Analyzing PEB’s Price Performance

On Thursday, Pebblebrook Hotel Trust [NYSE: PEB] plunged -1.36% to $18.82. The stock’s lowest price that day was $18.61, but it reached a high of $19.53 in the same session. During the last five days, there has been a drop of approximately -2.99%. Over the course of the year, Pebblebrook Hotel Trust shares have dropped approximately -15.87%. Shares of the company reached a 52-week high of $26.14 on 04/28/22 and a 52-week low of $16.04 on 06/30/22. A 50-day SMA is recorded $19.26, while a 200-day SMA reached $22.00. Nevertheless, trading volume fell to 1.45 million shares from 1.67 million shares the previous day.

Support And Resistance Levels for Pebblebrook Hotel Trust (PEB)

According to the 24-hour chart, there is a support level at 18.44, which, if violated, would cause prices to drop to 18.07. In the upper region, resistance lies at 19.36. The next price resistance is at 19.91. RSI (Relative Strength Index) is 50.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 60.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Pebblebrook Hotel Trust subject to short interest?

Stocks of Pebblebrook Hotel Trust saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.69 million shares to 11.71 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.4 million shares. A decline of -5.89% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.41 of the overall float, the days-to-cover ratio (short ratio) decline to 5.41.

Which companies own the most shares of Pebblebrook Hotel Trust (PEB)?

According to The Vanguard Group, Inc. filings, the company currently owns 19,218,474 shares, which is about 14.63% of the total PEB shares outstanding. The investor’s shares have appreciated by 248,370 from its previous 13-F filing of 18970104.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $246,545,444. T. Rowe Price Associates, Inc. acquire a 8.89% interest valued at $135.68 million while SSgA Funds Management, Inc. purchased a 930,205 stake. A total of -809,105 shares of Pebblebrook Hotel Trust were bought by Wellington Management Co. LLP during the quarter, and -164,827 were sold by EARNEST Partners LLC. In its current portfolio, Silvercrest Asset Management Grou holds 4,679,356 shares valued at $77.54 million.

In terms of Pebblebrook Hotel Trust share price expectations, FactSet research, analysts set an average price target of $24.17 in the next 12 months, up nearly 25.79% from the previous closing price of $19.08. Analysts anticipate Pebblebrook Hotel Trust stock to reach $33.00 by 2022, with the lowest price target being $19.00. In spite of this, 13 analysts ranked Pebblebrook Hotel Trust stock as an Overweight at the end of 2022. On January 07, 2022, BMO Capital Markets assigned a price target of “an Outperform” to the stock and upgraded coverage with a $26.


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