Analyst: Buy This Stock After Market Volatility

PEB has been recovering since hitting an annual low last month

Nov 12, 2018 at 10:53 AM
facebook X logo linkedin

Stifel raised its rating on Pebblebrook Hotel Trust (NYSE:PEB) to "buy" from "hold," and raised its price target on the real estate investment trust (REIT) to $38 from $37 -- an 11.2% premium to last Friday's close. The brokerage firm pointed to an attractive entry point following recent stock market volatility, and that it expects the shares to outperform once Pebblebrook's merger with LaSalle Hotel Properties (LHO) is completed later this month.

Today's bull note just echoes the broader outlook seen among the brokerage bunch, with the majority of the 10 analysts in coverage maintaining a "buy" or better rating. Plus, the average 12-month price target of $39.60 is a healthy 15.5% premium to PEB stock's current price.

Short sellers, on the other hand, have been actively targeting the REIT. Short interest has nearly doubled since August to 13.7 million shares. This represents more than one-fifth of PEB's available float, or 9.6 times the average daily pace of trading.

Looking at the charts, PEB has been recovering since its Oct. 19 annual low of $31.06, up 10.3% to trade at $34.26. However, this rally appears to be running out of steam near $34.50 -- a level that's served as support and resistance throughout 2018, and is currently home to the stock's 50-day moving average.

peb stock daily chart on nov 12


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI