Pebblebrook Hotel Trust (NYSE:PEB) saw an upside of 2.99% to close Monday at $14.79 after adding $0.43 on the day. The 5-day average trading volume is 2,196,940 shares of the company’s common stock. It has gained $15.37 in the past week and touched a new high 1 time within the past 5 days. An average of 2,239,990 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,292,736.
PEB’s 1-month performance is 3.94% or $0.56 on its low of $13.59 reached on 07/14/23. The company’s shares have touched a 52-week low of $12.37 and high of $20.53, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, PEB has achieved 10.46% or $1.40 and has reached a new high 13 times. However, the current price is down -27.96% from the 52-week high price.
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Insider Transactions
PEB stock investors last saw insider trading activity on Jun 23.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 1.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.26 while the price-to-book (PB) in the most recent quarter is 0.62, with the price to cash flow ratio at 23.52.
. In terms of profitability, the gross margin trailing 12 months is 34.00%. The firm’s gross profit as reported stood at $14.72 million against revenue of $1.39 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 50.65% to $33.74 million, while revenue of -$33.92 million was 200.53% off the previous quarter. Analysts expected PEB to announce $0.2 per share in earnings in its latest quarter, but it posted $0.24, representing a 20.00% surprise. EBITDA for the quarter stood at more than $135.63 million. Shareholders hold equity totaling $120.5 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 07 August was 56.44% to suggest the stock is trending Neutral, with historical volatility in this time period at 49.00%.
The stock’s 5-day moving average is $14.78, reflecting a -4.27% or -$0.66 change from its current price. PEB is currently trading +2.28% above its 20-day SMA, +6.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.62% and SMA200 by-6.04%.
Stochastic %K and %D was 39.15% and 48.08% and the average true range (ATR) pointed at 0.54. The RSI (14) points at 56.65%, while the 14-day stochastic is at 51.79% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at -0.22 and 0.04 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 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 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 $12.00 and a high of $28.00, with their median price target at $16.00. Looking at these predictions, the average price target given by analysts is for Pebblebrook Hotel Trust (PEB) stock is $16.41.
