Pebblebrook Hotel Trust (PEB) Shares are Up 0.67%

Pebblebrook Hotel Trust (PEB) has been under a strong bear grip, hence the stock is down -3.52% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.7% in the past 1 week. The stock has risen by 0.67% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.15% in the past 4 weeks.

Pebblebrook Hotel Trust is up 28.36% in the last 3-month period. Year-to-Date the stock performance stands at 10.8%. The stock has recorded a 20-day Moving Average of 0.06% and the 50-Day Moving Average is 7.28%.


Pebblebrook Hotel Trust (NYSE:PEB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.76 and $29.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.15, notching a gain of 1.28% for the day. The total traded volume was 454,955 . The stock had closed at $29.77 on the previous day.

Also, Barclays maintains their rating on the shares of Pebblebrook Hotel Trust (NYSE:PEB). The current rating of the shares is Overweight. Equity Analysts at the Firm lowers the price target to $32 per share from $34 per share. The rating by the firm was issued on July 27, 2016.

Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is engaged in acquiring and investing in hotel properties located primarily in cities of the United States. It owns interests in around 35 hotels, including 29 wholly owned hotels with a total of 6,948 guest rooms and a 49% joint venture interest in six hotels with a total of 1,775 guest rooms. The hotels are located in markets, including Atlanta (Buckhead), Georgia; Bethesda, Maryland; Boston, Massachusetts; Hollywood, California; Los Angeles, California; Miami, Florida; Minneapolis, Minnesota; Nashville, Tennessee; New York, New York; Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, California; Santa Monica, California; Seattle, Washington; Stevenson, Washington; Washington, D.C., and Westwood, California, among others. The Companys assets are held by, and the operations are conducted through Pebblebrook Hotel, L.P.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *