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About Pebblebrook Hotel (NYSE:PEB)
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (?REIT?) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28 hotels, with a total of 6,972 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington. For more information, please visit us at www.pebblebrookhotels.com and follow us on Twitter at @PebblebrookPEB.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:PEB
CUSIP70509V10
Phone240-507-1300
Debt
Debt-to-Equity Ratio0.56
Current Ratio0.63
Quick Ratio0.63
Price-To-Earnings
Trailing P/E Ratio14.39
Forward P/E Ratio14.67
P/E Growth2.94
Sales & Book Value
Annual Sales$769.32 million
Price / Sales3.50
Cash Flow$3.01 per share
Price / Cash12.96
Book Value$21.73 per share
Price / Book1.80
Profitability
EPS (Most Recent Fiscal Year)$2.57
Net Income$99.88 million
Net Margins13.83%
Return on Equity7.04%
Return on Assets4.04%
Miscellaneous
Employees28
Outstanding Shares69,040,000
Pebblebrook Hotel (NYSE:PEB) Frequently Asked Questions
What is Pebblebrook Hotel's stock symbol?
Pebblebrook Hotel trades on the New York Stock Exchange (NYSE) under the ticker symbol "PEB."
How often does Pebblebrook Hotel pay dividends? What is the dividend yield for Pebblebrook Hotel?
Pebblebrook Hotel announced a quarterly dividend on Thursday, March 15th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.38 per share on Monday, April 16th. This represents a $1.52 annualized dividend and a yield of 3.90%. The ex-dividend date is Wednesday, March 28th. View Pebblebrook Hotel's Dividend History.
How will Pebblebrook Hotel's stock buyback program work?
Pebblebrook Hotel announced that its Board of Directors has initiated a stock repurchase plan on Friday, July 28th 2017, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 4.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.
How were Pebblebrook Hotel's earnings last quarter?
Pebblebrook Hotel (NYSE:PEB) released its earnings results on Thursday, February, 22nd. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.32. The real estate investment trust earned $179.63 million during the quarter, compared to the consensus estimate of $178.07 million. Pebblebrook Hotel had a net margin of 13.83% and a return on equity of 7.04%. View Pebblebrook Hotel's Earnings History.
When is Pebblebrook Hotel's next earnings date?
What guidance has Pebblebrook Hotel issued on next quarter's earnings?
Pebblebrook Hotel updated its FY18 earnings guidance on Thursday, April, 26th. The company provided earnings per share guidance of $2.56-2.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.65. Pebblebrook Hotel also updated its Q2 guidance to $0.69-0.72 EPS.
What price target have analysts set for PEB?
9 equities research analysts have issued 12 month price targets for Pebblebrook Hotel's stock. Their forecasts range from $26.00 to $40.00. On average, they expect Pebblebrook Hotel's share price to reach $36.1875 in the next twelve months. View Analyst Ratings for Pebblebrook Hotel.
What are Wall Street analysts saying about Pebblebrook Hotel stock?
Here are some recent quotes from research analysts about Pebblebrook Hotel stock:
- 1. According to Zacks Investment Research, "Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large United States cities with an emphasis on the major coastal markets. The Company may invest in resort properties located near its primary urban target markets, as well as in select destination markets. Pebblebrook Hotel Trust focuses on hotel properties in the lodging industry. In addition, the Company may seek to acquire service properties in its primary urban target markets. " (5/2/2018)
- 2. Boenning Scattergood analysts commented, "We have updated our earnings and NAV estimate to reflect the company’s improved outlook, yet remain more cautious than management’s own calculation. However, we believe PEB could see the highest earnings ramp in the sector in 2019 if the economic cycle holds up." (7/31/2017)
Who are some of Pebblebrook Hotel's key competitors?
Some companies that are related to Pebblebrook Hotel include Mid-America Apartment Communities (MAA), Duke Realty (DRE), Regency Centers (REG), United Dominion Realty Trust (UDR), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), SL Green Realty (SLG), Macerich (MAC), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Sun Communities (SUI), Vici Properties (VICI) and Kilroy Realty (KRC).
Who are Pebblebrook Hotel's key executives?
Pebblebrook Hotel's management team includes the folowing people:
- Mr. Jon E. Bortz CPA, Chairman, Pres & CEO (Age 62)
- Mr. Raymond D. Martz, Exec. VP, Treasurer, Sec., Principal Accounting Officer & CFO (Age 48)
- Mr. Thomas C. Fisher, Exec. VP & Chief Investment Officer (Age 47)
- Mr. Andrew H. Dittamo, VP and Controller (Age 44)
Has Pebblebrook Hotel been receiving favorable news coverage?
Media stories about PEB stock have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Pebblebrook Hotel earned a media sentiment score of 0.13 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 46.00 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Pebblebrook Hotel's major shareholders?
Pebblebrook Hotel's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.32%), Silvercrest Asset Management Group LLC (7.15%), JPMorgan Chase & Co. (4.82%), Principal Financial Group Inc. (2.64%), Northern Trust Corp (2.40%) and Lord Abbett & CO. LLC (2.35%). Company insiders that own Pebblebrook Hotel stock include Jon E Bortz, Raymond D Martz, Ron E Jackson and Thomas Charles Fisher. View Institutional Ownership Trends for Pebblebrook Hotel.
Which major investors are selling Pebblebrook Hotel stock?
PEB stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Principal Financial Group Inc., Thrivent Financial for Lutherans, Westpac Banking Corp, BlackRock Inc., Guggenheim Capital LLC, Schroder Investment Management Group and A.R.T. Advisors LLC. View Insider Buying and Selling for Pebblebrook Hotel.
Which major investors are buying Pebblebrook Hotel stock?
PEB stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Matarin Capital Management LLC, Lord Abbett & CO. LLC, Point72 Asset Management L.P., Honeywell International Inc., Old Mutual Global Investors UK Ltd., Schwab Charles Investment Management Inc. and State of New Jersey Common Pension Fund D. View Insider Buying and Selling for Pebblebrook Hotel.
How do I buy shares of Pebblebrook Hotel?
Shares of PEB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Pebblebrook Hotel's stock price today?
One share of PEB stock can currently be purchased for approximately $39.01.
How big of a company is Pebblebrook Hotel?
Pebblebrook Hotel has a market capitalization of $2.69 billion and generates $769.32 million in revenue each year. The real estate investment trust earns $99.88 million in net income (profit) each year or $2.57 on an earnings per share basis. Pebblebrook Hotel employs 28 workers across the globe.
How can I contact Pebblebrook Hotel?
Pebblebrook Hotel's mailing address is 7315 WISCONSIN AVE SUITE 1100 WEST, BETHESDA MD, 20814. The real estate investment trust can be reached via phone at 240-507-1300.
MarketBeat Community Rating for Pebblebrook Hotel (PEB)
MarketBeat's community ratings are surveys of what our community members think about Pebblebrook Hotel and other stocks. Vote "Outperform" if you believe PEB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PEB will underperform the S&P 500 over the long term. You may vote once every thirty days.
Pebblebrook Hotel (NYSE:PEB) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Pebblebrook Hotel in the last 12 months. Their average twelve-month price target is $36.1875, suggesting that the stock has a possible downside of 7.24%. The high price target for PEB is $40.00 and the low price target for PEB is $26.00. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.44 | 2.44 | 2.30 | 2.30 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $36.1875 | $36.0625 | $36.1875 | $35.3125 |
| Price Target Upside: | 7.24% downside | 5.63% upside | 4.87% downside | 1.22% downside |
Pebblebrook Hotel (NYSE:PEB) Consensus Price Target History
Pebblebrook Hotel (NYSE:PEB) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
Pebblebrook Hotel (NYSE:PEB) Dividend Information
Pebblebrook Hotel pays an annual dividend of $1.52 per share, with a dividend yield of 3.90%. PEB's most recent quarterly dividend payment was Monday, April 16. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 21.40% each year. Pebblebrook Hotel pays out 59.14% of its earnings out as a dividend.
| Most Recent Dividend: | 4/16/2018 |
| Annual Dividend: | $1.52 |
| Dividend Yield: | 3.90% |
| Dividend Growth: | 21.40% (3 Year Average) |
| Payout Ratio(s): | 59.14% (Trailing 12 Months of Earnings)
57.14% (Based on This Year's Estimates)
56.09% (Based on Next Year's Estimates)
50.50% (Based on Cash Flow)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Pebblebrook Hotel (NYSE:PEB) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/15/2018 | quarterly | $0.38 | 4.26846391463072% | 3/28/2018 | 3/29/2018 | 4/16/2018 |
| 12/15/2017 | quarterly | $0.38 | 3.91% | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 9/15/2017 | quarterly | $0.38 | 4.43% | 9/28/2017 | 9/29/2017 | 10/16/2017 |
| 6/15/2017 | quarterly | $0.38 | 4.66% | 6/28/2017 | 6/30/2017 | 7/17/2017 |
| 3/15/2017 | quarterly | $0.38 | 5.38% | 3/29/2017 | 3/31/2017 | 4/17/2017 |
| 12/15/2016 | quarterly | $0.38 | 5.01% | 12/28/2016 | 12/30/2016 | 1/17/2017 |
| 9/15/2016 | quarterly | $0.38 | 5.57% | 9/28/2016 | 9/30/2016 | 10/17/2016 |
| 6/15/2016 | quarterly | $0.38 | 5.84% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/15/2016 | quarterly | $0.38 | 4.46% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/15/2015 | quarterly | $0.31 | 4.29% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/15/2015 | quarterly | $0.31 | 3.25% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 6/10/2015 | quarterly | $0.31 | 2.92% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 3/16/2015 | quarterly | $0.31 | 2.65% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 12/15/2014 | quarterly | $0.23 | 2.11% | 12/29/2014 | 12/31/2014 | 1/15/2015 |
| 9/15/2014 | quarterly | $0.23 | 2.5% | 9/26/2014 | 9/30/2014 | 10/15/2014 |
| 6/16/2014 | quarterly | $0.23 | 2.53% | 6/26/2014 | 6/30/2014 | 7/15/2014 |
| 3/14/2014 | quarterly | $0.23 | 2.66% | 3/27/2014 | 3/31/2014 | 4/15/2014 |
| 12/13/2013 | quarterly | $0.16 | 2.16% | 12/27/2013 | 12/31/2013 | 1/15/2014 |
| 9/13/2013 | quarterly | $0.16 | 2.3% | 9/26/2013 | 9/30/2013 | 10/15/2013 |
| 6/17/2013 | quarterly | $0.16 | 2.5% | 6/27/2013 | 7/1/2013 | 7/15/2013 |
| 3/15/2013 | quarterly | $0.16 | 2.52% | 3/27/2013 | 4/1/2013 | 4/15/2013 |
| 12/14/2012 | quarterly | $0.12 | 2.19% | 12/27/2012 | 12/31/2012 | 1/15/2013 |
(Data available from 1/1/2013 forward)
Pebblebrook Hotel (NYSE PEB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.00%
Pebblebrook Hotel (NYSE PEB) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/11/2017 | Jon E Bortz | Chairman | Sell | 10,096 | $29.66 | $299,447.36 | 664,841 |  |
| 4/11/2017 | Raymond D Martz | CFO | Sell | 5,702 | $29.66 | $169,121.32 | 173,149 | |
| 3/21/2017 | Jon E Bortz | Chairman | Sell | 31,261 | $27.66 | $864,679.26 | 674,937 | |
| 3/21/2017 | Raymond D Martz | CFO | Sell | 12,828 | $27.92 | $358,157.76 | 178,851 | |
| 3/21/2017 | Thomas Charles Fisher | EVP | Sell | 13,025 | $27.44 | $357,406.00 | 100,577 | |
| 12/9/2016 | Jon E Bortz | Chairman | Sell | 25,000 | $31.38 | $784,500.00 | 658,729 | |
| 11/14/2016 | Jon E Bortz | Chairman | Sell | 43,424 | $28.52 | $1,238,452.48 | 683,729 | |
| 11/3/2016 | Ron E Jackson | Director | Sell | 4,000 | $23.98 | $95,920.00 | 28,297 | |
| 6/14/2016 | Raymond D Martz | CFO | Sell | 15,848 | $25.26 | $400,320.48 | 177,526 | |
| 2/29/2016 | Cydney Donnell | Director | Buy | 1,000 | $27.23 | $27,230.00 | 18,567 | |
| 10/27/2015 | Jon E Bortz | CEO | Buy | 5,100 | $33.00 | $168,300.00 | 657,384 | |
| 3/2/2015 | Raymond D Martz | CFO | Sell | 16,985 | $49.42 | $839,398.70 | | |
| 2/20/2015 | Ron E Jackson | Director | Buy | 1,167 | $48.45 | $56,541.15 | | |
| 5/6/2014 | Phillip Miller | Director | Sell | 1,490 | $33.80 | $50,362.00 | 4,594 | |
(Data available from 1/1/2013 forward)
Pebblebrook Hotel (NYSE PEB) News Headlines
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Pebblebrook Hotel (NYSE:PEB) SEC Filings
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Pebblebrook Hotel (NYSE:PEB) Income Statement, Balance Sheet and Cash Flow Statement
Pebblebrook Hotel (NYSE PEB) Stock Chart for Sunday, May, 20, 2018
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