Thursday 8/15 Insider Buying Report: RPHM, PEB
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Insider Buying Activity: Reneo Pharmaceuticals' Braden Michael Leonard purchased 271,826 shares for $380,598 at $1.40 each, currently up about 10%, while Pebblebrook Hotel Trust's CEO Jon E. Bortz bought 30,000 shares for $367,340 at $12.24 each, with a current gain of approximately 5.1%.
Market Performance: Both companies are experiencing positive trading movements, with Reneo Pharmaceuticals up 4.8% and Pebblebrook Hotel Trust up 1.3% on the day following these insider purchases.
Analyst Views on PEB
Wall Street analysts forecast PEB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PEB is 10.19 USD with a low forecast of 8.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
1 Buy
6 Hold
3 Sell
Hold
Current: 12.130
Low
8.00
Averages
10.19
High
12.00
Current: 12.130
Low
8.00
Averages
10.19
High
12.00
About PEB
Pebblebrook Hotel Trust is a real estate investment trust (REIT) and the owner of urban and resort lifestyle hotels in the United States. The Company owns 46 hotels and resorts, totaling approximately 12,000 guest rooms across 13 urban and resort markets. Its hotel properties include 1 Hotel San Francisco, Argonaut Hotel, Chamberlain West Hollywood Hotel, Chaminade Resort & Spa, Embassy Suites San Diego Bay-Downtown, Estancia La Jolla Hotel & Spa, George Hotel, Harbor Court Hotel San Francisco, Hilton San Diego Gaslamp Quarter, Hotel Monaco Washington DC, Hotel Zelos San Francisco, Hotel Palomar Los Angeles Beverly Hills, Hotel Zeppelin San Francisco, and others. It is focused on both branded and independent full-service upper-upscale hotels. The full-service hotels on which it focuses its investment activity generally have one or more restaurants, lounges, meeting facilities and other amenities, as well as high levels of customer service.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
