Is There More Upside Ahead For Pebblebrook Hotel Trust (NYSE: PEB)

Pebblebrook Hotel Trust (PEB) concluded trading on Wednesday at a closing price of $12.80, with 2.63 million shares of worth about $33.73 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.73% during that period and on August 28, 2024 the price saw a loss of about -0.93%. Currently the company’s common shares owned by public are about 120.19M shares, out of which, 118.05M shares are available for trading.

Stock saw a price change of 0.23% in past 5 days and over the past one month there was a price change of -8.44%. Year-to-date (YTD), PEB shares are showing a performance of -19.90% which decreased to -10.55% 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 $16.65 during that period. The average intraday trading volume for Pebblebrook Hotel Trust shares is 1.68 million. The stock is currently trading 0.95% above its 20-day simple moving average (SMA20), while that difference is down -3.21% for SMA50 and it goes to -11.53% lower than SMA200.

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Pebblebrook Hotel Trust (NYSE: PEB) currently have 120.19M outstanding shares and institutions hold larger chunk of about 124.17% of that.

The stock has a current market capitalization of $1.54B and its 3Y-monthly beta is at 1.84. It has posted earnings per share of -$1.11 in the same period. It has a debt-to-equity ratio of 0.94. 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 2.44% while standing at 3.25% over the month.

Stock’s fiscal year EPS is expected to rise by 42.47% while it is estimated to decrease by -6.54% in next year. EPS is likely to grow at an annualized rate of 9.00% for next 5-years, compared to annual growth of -73.42% made by the stock over the past 5-years.

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 Compass Point on March 28, 2024 offering a Neutral rating for the stock and assigned a target price of $17 to it. Coverage by BofA Securities stated Pebblebrook Hotel Trust (PEB) stock as an Underperform in their note to investors on January 08, 2024, suggesting a price target of $13.50 for the stock. Stock get a Mkt perform rating from Raymond James on December 09, 2022.

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