Pebblebrook Hotel Trust (PEB) : Traders are bullish on Pebblebrook Hotel Trust (PEB) as it has outperformed the S&P 500 by a margin of 14.22% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.17% in the last 1 week, and is up 21.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $30.50 and $30.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.13, notching a gain of 2.33% for the day. The total traded volume was 1,749,227 . The stock had closed at $30.42 on the previous day.
The stock has recorded a 20-day Moving Average of 14.12% and the 50-Day Moving Average is 19.54%. Pebblebrook Hotel Trust is up 13.06% in the last 3-month period. Year-to-Date the stock performance stands at 14.41%.
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.