Pebblebrook Hotel Trust (NYSE:PEB) finished Friday with a subtraction of -$0.21 to close at $13.59, a downside of -1.52 percent. An average of 2,114,880 shares of common stock have been traded in the last five days. There was a gain of $0.23 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,775,905 shares traded, while the 50-day average volume stands at 1,883,894.
PEB stock has decreased by -5.69% in the last month. The company shares reached their 1-month lowest point of $13.11 on 09/26/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $12.37 and a high of $17.38 in 52 weeks. It has reached a new high 13 times so far this year and achieved 1.49% or $0.20 in price. In spite of this, the price is down -21.81% from the 52-week high.
Insider Transactions
PEB stock investors should be aware that Pebblebrook Hotel Trust (PEB) stock had its last reported insider trading activity 44 days ago on Aug 17. In this transaction, the insider spent $144,600. Director, Miller Phillip M., disposed of 4,000 shares at a price of $14.61 on Oct 03. The insider now owns more than $58,440 worth of shares.
Valuation Metrics
Pebblebrook Hotel Trust (PEB) stock’s beta is 1.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.15, the price-to-book (PB) ratio at 0.56, and the price-to-cash flow ratio at 19.42.
Financial Health
Further, the company has a long term debt to equity ratio of 0.87 and a total debt to equity ratio of 0.94 for the quarter ending June 29. Its gross profit as reported stood at $14.72 million compared to revenue of $1.39 billion.
Earnings Surprise
For the three-month period that ended June 29, Pebblebrook Hotel Trust had $2.39 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $33.74 million in the quarter, while revenues of -$33.92 million were grew 50.65%. The analyst consensus anticipated Pebblebrook Hotel Trust’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.24, a 20.00% surprise. For the quarter, EBITDA amounted to $135.63 million. At the end of the quarter ending June 29, Pebblebrook Hotel Trust’s stock balance sheet showed total debt was $2.75 billion. Shareholders own equity worth $120.5 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Pebblebrook Hotel Trust (PEB) price momentum. RSI 9-day as of the close on 29 September was 41.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.98%.
As of today, PEB’s price is $13.50 +1.72% or $0.23 from its 5-day moving average. PEB is currently trading -6.08% lower than its 20-day SMA and -6.53% lower than its 100-day SMA. However, the stock’s current price level is -2.58% below the SMA50 and -13.66% below the SMA200.
The stochastic %K and %D were 25.31% and 18.95%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 25.81% and the average true range at 0.45, the RSI (14) stands at 42.48%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.37.
Analyst Ratings
Wolfe Research launched coverage on Pebblebrook Hotel Trust (NYSE: PEB) in its analyst report released on September 28, 2023. The firm assigned the stock a Peer perform rating. The consensus rating for Pebblebrook Hotel Trust (PEB) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PEB, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is PEB’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $28.00, with a median target of $16.00. Taking a look at these predictions, the average price target given by analysts for Pebblebrook Hotel Trust (PEB) stock is $16.32.
