This Insider Sold 4000.0 Shares In Pebblebrook Hotel Trust (PEB)

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Pebblebrook Hotel Trust (NYSE:PEB) saw a downside of -0.23% to $15.07 after subtracting -$0.04 on Tuesday. The 5-day average trading volume is 1,730,192 shares of the company’s common stock. It has gained $15.18 in the past week and touched a new high 3 times within the past 5 days. An average of 1,877,258 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,890,223.

PEB’s 1-month performance is 4.71% or $1.83 on its low of $12.71 reached on 01/05/23. The company’s shares have touched a 52-week low of $12.54 and high of $26.14, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, PEB has achieved 12.85% or $1.66 and has reached a new high 6 times. However, the current price is down -42.33% from the 52-week high price.

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Insider Transactions

PEB stock investors last saw insider trading activity on Oct 03.Miller Phillip M. (Director) most recently sold 4,000 shares at $14.61 per share on Oct 03. This transaction cost the insider $58,440. Director, Miller Phillip M., sold 5,200 shares at a price of $14.83 on Sep 27.

Valuation Metrics

PEB stock has a beta of 1.79. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.45 while the price-to-book (PB) in the most recent quarter is 0.63, with the price to cash flow ratio at 6.63.

In terms of profitability, the gross margin trailing 12 months is 37.60%. The firm’s gross profit as reported stood at -$89.79 million against revenue of $733.04 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 420.55% to $13.72 million, while revenue of $16.65 million was -21.36% off the previous quarter. Analysts expected PEB to announce $0.16 per share in earnings in its latest quarter, but it posted $0.1, representing a -37.50% surprise. EBITDA for the quarter stood at more than $115.7 million. Shareholders hold equity totaling $131.47 million.

Let’s look briefly at Pebblebrook Hotel Trust (PEB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 68.45% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.41%.

The stock’s 5-day moving average is $14.71, reflecting a +5.24% or $0.75 change from its current price. PEB is currently trading +17.76% above its 20-day SMA, -16.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.24% and SMA200 by-34.31%.

Stochastic %K and %D was 97.20% and 95.75% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 60.16%, while the 14-day stochastic is at 94.93% with the period’s ATR at 0.46. The stock’s 9-day MACD Oscillator is pointing at 0.54 and 0.99 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Pebblebrook Hotel Trust (NYSE: PEB), Raymond James downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for PEB stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate PEB as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is PEB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $13.00 and a high of $28.00, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for Pebblebrook Hotel Trust (PEB) stock is $17.08.

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