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

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.23 and traded as high as $14.17. Pebblebrook Hotel Trust shares last traded at $13.93, with a volume of 1,709,823 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wedbush downgraded Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price target for the company. in a research note on Thursday, January 2nd. Wells Fargo & Company upped their target price on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, December 9th. Compass Point upgraded Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price target for the company in a report on Thursday, November 21st. StockNews.com downgraded Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Finally, Truist Financial cut their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating for the company in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $14.83.

Pebblebrook Hotel Trust Trading Down 0.5 %

The company has a market cap of $1.67 billion, a P/E ratio of -48.02, a PEG ratio of 0.67 and a beta of 1.86. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average price of $13.74 and a 200-day moving average price of $13.23.

Pebblebrook Hotel Trust Announces Dividend

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

Insider Buying and Selling

In other news, CEO Jon E. Bortz sold 11,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $21.37, for a total transaction of $235,070.00. Following the sale, the chief executive officer now directly owns 1,349,284 shares of the company's stock, valued at approximately $28,834,199.08. This represents a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jon E. Bortz purchased 13,000 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of $12.68 per share, with a total value of $164,840.00. Following the purchase, the chief executive officer now owns 1,395,284 shares of the company's stock, 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. 2.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its position in shares of Pebblebrook Hotel Trust by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust's stock worth $2,313,000 after buying an additional 866 shares during the last quarter. FMR LLC increased its holdings in Pebblebrook Hotel Trust by 10.8% in the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust's stock worth $120,000 after purchasing an additional 884 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Pebblebrook Hotel Trust by 2.2% during the third quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust's stock valued at $541,000 after purchasing an additional 889 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Pebblebrook Hotel Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased 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 valued at $2,527,000 after buying an additional 1,402 shares during the period.

Pebblebrook Hotel Trust Company Profile

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.