Pebblebrook Hotel Trust (NYSE:PEB) Shares Cross Above 200 Day Moving Average - Time to Sell?

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

PEB has been the topic of several research reports. Wells Fargo & Company boosted their price target on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday, December 9th. Compass Point upgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price target for the company in a research report on Thursday, November 21st. StockNews.com downgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Truist Financial reduced their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Finally, Wedbush lowered 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $14.83.

Pebblebrook Hotel Trust Stock Up 0.4 %

The stock's 50-day moving average price is $13.60 and its 200-day moving average price is $13.20. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -47.41, a P/E/G ratio of 0.60 and a beta of 1.86.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.01 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.29%. Pebblebrook Hotel Trust's payout ratio is -13.79%.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz sold 11,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jon E. Bortz bought 13,000 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average price of $12.68 per share, for a total transaction of $164,840.00. Following the transaction, the chief executive officer now directly owns 1,395,284 shares in the company, valued at $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently bought and sold shares of PEB. Nordea Investment Management AB raised its holdings in shares of Pebblebrook Hotel Trust by 90.2% during the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust's stock valued at $10,193,000 after purchasing an additional 354,116 shares during the period. Geode Capital Management LLC increased its position in Pebblebrook Hotel Trust by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust's stock valued at $40,272,000 after buying an additional 28,871 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Pebblebrook Hotel Trust by 0.7% during the 3rd 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 buying an additional 1,402 shares during the period. Stifel Financial Corp boosted its holdings in Pebblebrook Hotel Trust by 11.3% in the third quarter. Stifel Financial Corp now owns 25,302 shares of the real estate investment trust's stock worth $335,000 after acquiring an additional 2,575 shares in the last quarter. Finally, Quadrature Capital Ltd acquired 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.