Pebblebrook Hotel Trust
About: Pebblebrook Hotel Trust currently owns upper upscale and luxury hotels with 11,924 rooms across 46 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 US hotels, in November 2018, though management has sold many of those hotels over the past few years. Pebblebrook's portfolio consists mostly of independent hotels with no brand affiliations, though the combined company does own and operate some hotels under Marriott, Starwood, InterContinental, Hilton, and Hyatt brands.
Employees: 58
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
7,852% more call options, than puts
Call options by funds: $53.5M | Put options by funds: $673K
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
32% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 28
3% more funds holding
Funds holding: 243 [Q2] → 250 (+7) [Q3]
4.94% less ownership
Funds ownership: 123.85% [Q2] → 118.91% (-4.94%) [Q3]
8% less capital invested
Capital invested by funds: $2.05B [Q2] → $1.89B (-$156M) [Q3]
33% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 105
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$14
1%
upside
Avg. target
$15.20
9%
upside
High target
$17
22%
upside
5 analyst ratings
2 positive
40%
3 neutral
60%
0 negative
0%
Wells Fargo Dori Kesten 42% 1-year accuracy 11 / 26 met price target | 15%upside $16 | Equal-Weight Maintained | 9 Dec 2024 |
Stifel Simon Yarmak 49% 1-year accuracy 17 / 35 met price target | 8%upside $15 | Buy Upgraded | 22 Nov 2024 |
Compass Point Floris Van Dijkum 50% 1-year accuracy 10 / 20 met price target | 22%upside $17 | Buy Upgraded | 21 Nov 2024 |
Baird Michael Bellisario 81% 1-year accuracy 13 / 16 met price target | 1%upside $14 | Neutral Maintained | 31 Oct 2024 |
Truist Securities Gregory Miller 83% 1-year accuracy 5 / 6 met price target | 1%upside $14 | Hold Maintained | 28 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
3 days ago
Pebblebrook Hotel Trust Announces the 13th Annual Pebby Award Nominations
HOLLYWOOD, Calif.--(BUSINESS WIRE)---- $PEB #REIT--Pebblebrook Hotel Trust Announces the 13th Annual Pebby Award Nominations.
Neutral
Business Wire
1 week ago
Pebblebrook Hotel Trust Schedules Fourth Quarter 2024 Earnings Release and Conference Call
BETHESDA, Md.--(BUSINESS WIRE)---- $PEB #REIT--Pebblebrook Hotel Trust Schedules Fourth Quarter 2024 Earnings Release and Conference Call.
Neutral
Business Wire
1 month ago
Pebblebrook Hotel Trust Declares Dividends for Fourth Quarter 2024
BETHESDA, Md.--(BUSINESS WIRE)---- $PEB #REIT--Pebblebrook Hotel Trust Declares Dividends for Fourth Quarter 2024.
Positive
Seeking Alpha
1 month ago
Goldilocks Data Upholds Fed Cut
U.S. equity markets climbed to fresh record-highs this week, while benchmark interest rates ticked lower, after a critical slate of employment data showed lukewarm labor market trends in November. Viewed as a "Goldilocks" report that effectively locked in a December rate cut, payrolls data showed solid "headline" job growth of 227k in November, but notably weaker trends under the surface. Posting gains for a third straight week to extend its post-election rally to around 7%, the S&P 500 advanced another 0.9% this week - pacing for its best year since 2019.
Positive
Seeking Alpha
1 month ago
Pebblebrook Hotel Trust: The 7.3% Yielding Preferred Shares Remain Interesting
Pebblebrook Hotel Trust's preferred shares offer attractive yields, with Series E being the most appealing due to its 10% discount to principal value. The REIT's FFO and AFFO performance are strong, with a payout ratio for preferred dividends expected to remain around 20%. Despite a lower yield than previously discussed, Pebblebrook's preferred shares still offer a 300+ bps premium over 5Y and 10Y US Treasury yields.
Neutral
Seeking Alpha
2 months ago
Pebblebrook Hotel Trust (PEB) Q3 2024 Earnings Call Transcript
Pebblebrook Hotel Trust (NYSE:PEB ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Raymond Martz - Co-President, Chief Financial Officer, Treasurer and Secretary Jon Bortz - Chairman, President and Chief Executive Officer Thomas Fisher - Co-President and Chief Investment Officer Conference Call Participants Dori Kesten - Wells Fargo Jay Kornreich - Wedbush Securities Smedes Rose - Citi Ari Klein - BMO Capital Markets Duane Pfennigwerth - Evercore ISI Gregory Miller - Truist Securities Michael Bellisario - Baird Operator Greetings and welcome to Pebblebrook Hotel Trust Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Neutral
Zacks Investment Research
2 months ago
Pebblebrook Hotel (PEB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Pebblebrook Hotel (PEB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
2 months ago
Pebblebrook Hotel (PEB) Q3 FFO and Revenues Beat Estimates
Pebblebrook Hotel (PEB) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to FFO of $0.61 per share a year ago.
Neutral
Business Wire
2 months ago
Pebblebrook Hotel Trust Reports Third Quarter 2024 Results
BETHESDA, Md.--(BUSINESS WIRE)---- $PEB #REIT--Pebblebrook Hotel Trust Reports Third Quarter 2024 Results.
Positive
Zacks Investment Research
2 months ago
Pebblebrook Gears Up to Report Q3 Earnings: Key Factors to Consider
PEB's Q3 earnings are likely to have benefited from business group, transient and leisure travel demand. However, high-interest expenses raise concerns.
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