Pebblebrook Hotel Trust (NYSE:PEB) traded at a new 52-week low today of $25.58. So far today approximately 162,000 shares have been exchanged, as compared to an average 30-day volume of 885,000 shares.
Pebblebrook Hotel Trust is a publicly traded real estate investment trust organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities.
Pebblebrook Hotel Trust share prices have moved between a 52-week high of $37.09 and the current low of $25.58 and are currently at $25.70 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.2%.
Pebblebrook Hotel Trust has overhead space with shares priced $25.70, or 33.5% below the average consensus analyst price target of $38.61. The stock should run into initial resistance at its 50-day moving average (MA) of $27.14 and subsequent resistance at its 200-day MA of $29.44.
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