Technical Outlook And Game Plan For Pebblebrook Hotel Trust (NYSE: PEB)

FIVE Stock
FIVE Stock

Invesco Advisers, Inc. has recently announced that it has increased stake in Pebblebrook Hotel Trust (NYSE:PEB) by 7,870.54%. After grabbing 6.18 million shares, the institutional investor is now in possession of 6.11 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 4.73% having worth around $65.54 million. Moreover, EARNEST Partners LLC increased its share by 2.53 million to have a control over 5.05 million shares. And Jericho Capital Asset Management.. raised its holdings to 3.72 million shares by acquiring 3.72 million shares or 2.85% of the stake.

Pebblebrook Hotel Trust (PEB) concluded trading on 08/27/20 at a closing price of $12.69, with 1.89 million shares of worth about $23.99 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 5.93% during that period and on Thursday the price saw a gain of about 1.68%. Currently the company’s common shares owned by public are about 130.56M shares, out of which, 128.85M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 15 analysts are covering the PEB stock and their offered price forecasts bring an average price target of $12.65. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.00 and could fall to a lowest price of $8.50. Analysts also issued an outlook of 3.10 for the Pebblebrook Hotel Trust stock for next 12 months. The stock’s current price level is 9.87% above of average price target set by the analysts, while a rise to estimated low would result in loss of -49.29 for the stock. However, touching the estimated high of $17.00 would mean a gain of 25.35% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 22 times over the past 12 months. They bought 243,246 shares in 16 of the transactions. In 6 selling transactions, insiders dumped 38,710 shares.

Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Pebblebrook Hotel Trust Vanguard Real Estate Index Fund is currently holding 5.84 million shares of worth totaling $61.88 million. The company recently came selling 24552.0 shares which brought its stake up to 4.46% of the company’s outstanding shares. Vanguard Total Stock Market Index sold 2457.0 shares, after which its hold over company’s outstanding shares shrunk to 2.86%, leaving 3.74 million shares with the mutual fund that have a worth of about $39.66 million. iShares Core S&P Mid Cap ETF, after selling 3.48 million shares, have now control over 2.66% of the stake in the company. It holds 6660.0 shares of worth $36.87 million.

Pebblebrook Hotel Trust (NYSE: PEB) started trading at $12.53, above $0.05 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $12.69, or with a gain of 1.68%. Stock saw a price change of 5.93% in past 5 days and over the past one month there was a price change of 18.16%. Year-to-date (YTD), PEB shares are showing a performance of -52.67% which decreased to -52.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.39 but also hit the highest price of $29.57 during that period. While comparing its average daily trading volume of 2.63 million shares, we see that about 1.89 million changed hands on the day. The stock is currently trading 9.12% above its 20-day simple moving average (SMA20), while that difference is up 6.52% for SMA50 and it goes to -25.70% lower than SMA200.

Invesco Advisers, Inc. acquired 6.18 million shares of Pebblebrook Hotel Trust having value of about $65.54 million. Data submitted at the U.S SEC by Invesco Advisers, Inc. revealed that the firm now holds 6.11 million shares in the company valued at close to $77479734.06, or have control over 7,870.54% stake in the company. Holding of mutual funds in the company is about 44.41% while other institutional holders and individual stake holders have control over 60.36% and 1.30% of the stake respectively.

The stock has a current market capitalization of $1.66B and its 3Y-monthly beta is at 1.64. It has posted earnings per share of -$0.55 in the same period. It has a debt-to-equity ratio of 0.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PEB, volatility over the week remained 4.99% while standing at 5.52% over the month.

Analysts are in expectations that Pebblebrook Hotel Trust (PEB) stock would likely to be making an EPS of -$0.76 in the current quarter, while forecast for next quarter ESPS is -$0.63 and it is -$1.32 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.95 which is -$0.57 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -419.00% while it is estimated to increase by 56.70% in next year. EPS is likely to grow at an annualized rate of 9.00% for next 5-years, compared to annual growth of -2.40% made by the stock over the past 5-years.

Analysts at 15 brokerage firms have issued recommendations for the Pebblebrook Hotel Trust (PEB)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.10. Out of those 15 Wall Street analysts, 2 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on June 22, 2020 offering an Equal weight rating for the stock and assigned a target price range of between $9 and $15 to it. Coverage by Evercore ISI stated Pebblebrook Hotel Trust (PEB) stock as an Underperform in their note to investors on June 08, 2020, suggesting a price target of $18 for the stock. On April 24, 2020, BTIG Research Upgrade their recommendations, while on April 07, 2020, Citigroup Downgrade their ratings for the stock with a price target of $8.50. Stock get a Hold rating from Stifel on March 17, 2020.


Please enter your comment!
Please enter your name here