Pebblebrook Hotel Trust (PEB) rating downgrades by Raymond James


In a filing, Pebblebrook Hotel Trust revealed its Director Miller Phillip M. unloaded Company’s shares for reported $0.14 million on Aug 17. In the deal valued at $14.46 per share,10,000 shares were sold. As a result of this transaction, Miller Phillip M. now holds 11,657 shares worth roughly $ 0.16 million.

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Then, BORTZ JON E bought 8,000 shares, generating $101,256 in total proceeds. Upon buying the shares at $12.66, the Chairman and CEO now owns 1,173,102 shares.

Before that, BORTZ JON E bought 3,632 shares. Pebblebrook Hotel Trust shares valued at $46,073 were divested by the Chairman and CEO at a price of $12.69 per share. As a result of the transaction, BORTZ JON E now holds 1,165,102 shares, worth roughly $15.97 million.

Raymond James downgraded its Pebblebrook Hotel Trust [PEB] rating to a Mkt perform from a an Outperform in a research note published on Friday.

Price Performance Review of PEB

On Friday, Pebblebrook Hotel Trust [NYSE:PEB] saw its stock fall -2.21% to $13.71. On the same session, the stock had its day’s lowest price of $13.575, but rose to a high of $14.01. Over the last five days, the stock has lost -6.10%. Pebblebrook Hotel Trust shares have risen nearly 2.39% since the year began. Nevertheless, the stocks have fallen -28.18% over the past one year. While a 52-week high of $19.46 was reached on 02/02/23, a 52-week low of $12.37 was recorded on 03/24/23. SMA at 50 days reached $14.17, while 200 days put it at $14.48. A total of 2.55 million shares were traded, compared to the trading of 2.04 million shares in the previous session.

Levels Of Support And Resistance For PEB Stock

The 24-hour chart illustrates a support level at 13.52, which if violated will result in even more drops to 13.33. On the upside, there is a resistance level at 13.95. A further resistance level may holdings at 14.20. The Relative Strength Index (RSI) on the 14-day chart is 38.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.43%. Stochastics %K at 15.33% indicates the stock is a buying.

How much short interest is there in Pebblebrook Hotel Trust?

A steep rise in short interest was recorded in Pebblebrook Hotel Trust stocks on Aug 14, 2023, growing by 4.27 million shares to a total of 24.71 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 20.44 million shares. There was a rise of 17.28%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 30.88% of the overall stock float, the days-to-cover ratio (short ratio) rose to 12.08.

Pebblebrook Hotel Trust [PEB] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 19,897,976 shares, or roughly 16.51% of the outstanding PEB shares. In other words, the investor’s shares have fallen by -1,213,054 from its previous 13-F filing of 21111030.0. Additionally, BlackRock Fund Advisors decreased -4.13% of its stake after which the total value it holdings stand at $289,623,135, while Fuller & Thaler Asset Management, added 16.18% of its stake to hold $138.17 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -416,765 shares of Pebblebrook Hotel Trust, while Principal Global Investors LLC sold 1,212,948 shares. At present, EARNEST Partners LLC is holding 5,894,464 shares valued at $91.07 million. T. Rowe Price Investment Manageme owned 5,688,108 shares of the company at the time of its most recent 13F filing, worth $87.88 million.

According to FactSet, Pebblebrook Hotel Trust’s share price will average $16.32 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.12 percent from its previous closing price of $14.02. Analysts expect Pebblebrook Hotel Trust stock to reach the higher price of $28.00, while the lowest price estimate is $11.00. However, 12 analysts have rated PEB stock as a Hold in their predictions for 2023.


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