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 $ 0.17 million.
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 $16.92 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 jump 0.35% to $14.52. On the same session, the stock had its day’s lowest price of $14.41, but rose to a high of $14.75. Over the last five days, the stock has gained 5.91%. Pebblebrook Hotel Trust shares have risen nearly 8.44% since the year began. Nevertheless, the stocks have fallen -17.55% over the past one year. While a 52-week high of $18.80 was reached on 02/02/23, a 52-week low of $12.37 was recorded on 03/24/23. SMA at 50 days reached $14.32, while 200 days put it at $14.45. A total of 0.86 million shares were traded, compared to the trading of 1.49 million shares in the previous session.
Levels Of Support And Resistance For PEB Stock
The 24-hour chart illustrates a support level at 14.37, which if violated will result in even more drops to 14.22. On the upside, there is a resistance level at 14.71. A further resistance level may holdings at 14.90. The Relative Strength Index (RSI) on the 14-day chart is 51.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.42%. Stochastics %K at 59.05% indicates the stock is a holding.
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 10.57 percent from its previous closing price of $14.47. Analysts expect Pebblebrook Hotel Trust stock to reach the higher price of $28.00, while the lowest price estimate is $11.00. However, 13 analysts have rated PEB stock as a Hold in their predictions for 2023.