Pebblebrook Hotel Trust (NYSE:PEB) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of Pebblebrook Hotel Trust (NYSE:PEB) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.20 and traded as high as $14.04. Pebblebrook Hotel Trust shares last traded at $13.70, with a volume of 1,844,051 shares.

Wall Street Analyst Weigh In

PEB has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, December 9th. Truist Financial dropped their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 28th. StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Wedbush downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price for the company. in a research report on Thursday, January 2nd. Finally, Robert W. Baird cut their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus target price of $14.83.

Pebblebrook Hotel Trust Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day simple moving average of $13.60 and a two-hundred day simple moving average of $13.20. The firm has a market capitalization of $1.65 billion, a PE ratio of -47.41, a PEG ratio of 0.60 and a beta of 1.86.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -13.79%.

Insider Buying and Selling

In other news, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the sale, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at $28,834,199.08. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon E. Bortz bought 13,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average cost of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the transaction, the chief executive officer now directly owns 1,395,284 shares in the company, valued at $17,692,201.12. This represents a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB raised its stake in Pebblebrook Hotel Trust by 90.2% in the 4th quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock worth $10,193,000 after acquiring an additional 354,116 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Pebblebrook Hotel Trust by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust’s stock worth $40,272,000 after purchasing an additional 28,871 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Pebblebrook Hotel Trust by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock worth $2,527,000 after purchasing an additional 1,402 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Pebblebrook Hotel Trust by 11.3% during the third quarter. Stifel Financial Corp now owns 25,302 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 2,575 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Pebblebrook Hotel Trust in the third quarter valued at approximately $185,000.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.