BlackRock Fund Advisors has recently announced that it has increased stake in Pebblebrook Hotel Trust (NYSE:PEB) by 1.66%. After grabbing 19.06 million shares, the institutional investor is now in possession of 0.31 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 15.82% having worth around $242.98 million. Moreover, Fuller & Thaler Asset Management, increased its share by 0.14 million to have a control over 9.08 million shares. And Principal Global Investors LLC raised its holdings to 0.11 million shares by acquiring 7.01 million shares or 5.82% of the stake.
Pebblebrook Hotel Trust (PEB) concluded trading on 01/04/24 at a closing price of $15.70, with 3.05 million shares of worth about $47.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.74% during that period and on Thursday the price saw a gain of about 2.15%. Currently the company’s common shares owned by public are about 126.35M shares, out of which, 118.26M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the PEB stock and their offered price forecasts bring an average price target of $15.48. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $28.00 and could fall to a lowest price of $11.00. The stock’s current price level is -2.08% below of average price target set by the analysts, while a dip to estimated low would result in loss of -42.73% for the stock. However, touching the estimated high of $28.00 would mean a gain of 43.93% 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 28 times over the past 12 months. They bought 313,937 shares in 23 of the transactions. In 5 selling transactions, insiders dumped 54,558 shares.
iShares Core S&P Small Cap ETF, Undiscovered Managers Behavioral, and Vanguard Real Estate Index Fund are the top 3 mutual funds which are holding stakes in Pebblebrook Hotel Trust iShares Core S&P Small Cap ETF is currently holding 8.08 million shares of worth totaling $103.06 million. The company recently came buying 4194.0 shares which brought its stake up to 6.71% of the company’s outstanding shares. Undiscovered Managers Behavioral bought 0.57 million shares, after which its hold over company’s outstanding shares expand to 6.61%, leaving 7.97 million shares with the mutual fund that have a worth of about $101.62 million. Vanguard Real Estate Index Fund, after selling 5.07 million shares, have now control over 4.21% of the stake in the company. It holds 43043.0 shares of worth $64.7 million.
Pebblebrook Hotel Trust (NYSE: PEB) started trading at $15.53, above $0.16 from concluding price of the previous day. However, the stock later moved at a day high price of 15.81, or with a gain of 2.15%. Stock saw a price change of -4.03% in past 5 days and over the past one month there was a price change of 15.27%. Year-to-date (YTD), PEB shares are showing a performance of -1.75% which increased to 22.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.39 but also hit the highest price of $17.38 during that period. The average intraday trading volume for Pebblebrook Hotel Trust shares is 1.99 million. The stock is currently trading 5.74% above its 20-day simple moving average (SMA20), while that difference is up 17.02% for SMA50 and it goes to 13.34% higher than SMA200.
BlackRock Fund Advisors acquired 19.06 million shares of Pebblebrook Hotel Trust having value of about $242.98 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.31 million shares in the company valued at close to $4887755.4, or have control over 1.66% stake in the company. Pebblebrook Hotel Trust (NYSE: PEB) currently have 126.35M outstanding shares and institutions hold larger chunk of about 126.31% of that. Holding of mutual funds in the company is about 59.07% while other institutional holders and individual stake holders have control over 67.49% and 1.78% of the stake respectively.
The stock has a current market capitalization of $1.89B and its 3Y-monthly beta is at 1.86. It has posted earnings per share of -$0.93 in the same period. It has a debt-to-equity ratio of 0.96. 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 2.37% while standing at 2.94% over the month.
Analysts are in expectations that Pebblebrook Hotel Trust (PEB) stock would likely to be making an EPS of $Public Service Enterprise Group in the current quarter, while forecast for next quarter EPS is $61.79 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Invesco High Yield Equity Divid which is $Penumbra, Inc. 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 $Eventbrite, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 18.16% while it is estimated to increase by 15.11% in next year.
Analysts at 14 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 3.00. Out of those 14 Wall Street analysts, 1 recommended a “Buy” rating, while 12 were in favor recommending the stock as a “Hold” and 1 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 Wedbush on October 03, 2023 offering a Neutral rating for the stock and assigned a target price of $14 to it.
