Pebblebrook Hotel Trust’s recent filing unveils that its Chairman and CEO BORTZ JON E acquired Company’s shares for reported $0.16 million on Nov 21 ’24. In the deal valued at $12.68 per share,13,000 shares were bought. As a result of this transaction, BORTZ JON E now holds 1,395,284 shares worth roughly $18.86 million.
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Then, BORTZ JON E bought 7,000 shares, generating $84,390 in total proceeds. Upon buying the shares at $12.06, the Chairman and CEO now owns 1,382,284 shares.
Before that, BORTZ JON E bought 26,000 shares. Pebblebrook Hotel Trust shares valued at $324,480 were divested by the Chairman and CEO at a price of $12.48 per share. As a result of the transaction, BORTZ JON E now holds 1,375,284 shares, worth roughly $18.59 million.
Stifel upgraded its Pebblebrook Hotel Trust [PEB] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “a Buy”. Compass Point also remained covering PEB and has decreased its forecast on March 28, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on January 08, 2024. It rated PEB as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of PEB
On Monday, Pebblebrook Hotel Trust [NYSE:PEB] saw its stock fall -0.22% to $13.52. Over the last five days, the stock has lost -7.59%. Pebblebrook Hotel Trust shares have fallen nearly -15.39% since the year began. Nevertheless, the stocks have fallen -14.59% over the past one year. While a 52-week high of $16.65 was reached on 02/21/24, a 52-week low of $11.65 was recorded on 08/06/24. SMA at 50 days reached $13.22, while 200 days put it at $13.77.
Levels Of Support And Resistance For PEB Stock
The 24-hour chart illustrates a support level at 13.39, which if violated will result in even more drops to 13.26. On the upside, there is a resistance level at 13.66. A further resistance level may holdings at 13.80. The Relative Strength Index (RSI) on the 14-day chart is 44.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.61%. Stochastics %K at 16.18% 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 2024-11-29, growing by 1.15 million shares to a total of 17.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 15.94 million shares. There was a rise of 6.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $14 price target.
