Pebblebrook Hotel Trust (PEB) has risen sharply, recording gains of 9.94% in the past 4 weeks. However, the stock has corrected -4.75% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.36% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.22% and the 50-Day Moving Average is 11.93%. Pebblebrook Hotel Trust is up 8.97% in the last 3-month period. Year-to-Date the stock performance stands at 8.97%.
Pebblebrook Hotel Trust (NYSE:PEB): stock turned positive on Friday. Though the stock opened at $29.12, the bulls momentum made the stock top out at $29.72 level for the day. The stock recorded a low of $29 and closed the trading day at $29.65, in the green by 1.54%. The total traded volume for the day was 1,112,399. The stock had closed at $29.2 in the previous days trading.
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.