About Pebblebrook Hotel Trust (NYSE:PEB)
Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms. The hotels are located in the markets: Atlanta (Buckhead), Georgia; Boston, Massachusetts; Miami (Coral Gables), Florida; Minneapolis, Minnesota; Naples, Florida; Nashville, Tennessee; New York, New York; Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, California; Santa Monica, California; Seattle, Washington; Stevenson, Washington; Washington, D.C.; West Hollywood, California, and Los Angeles (Beverly Hills), California. The Company's assets are held by, and all of the operations are conducted through, Pebblebrook Hotel, L.P. (the Operating Partnership).
Industry, Sector and Symbol:
- Industry: Hospitality REITs
- Sub-Industry: Specialized REITs
- Sector: Finance
- Symbol: NYSE:PEB
- CUSIP: 70509V10
- Web: www.pebblebrookhotels.com
- Debt-to-Equity Ratio: 0.56%
- Current Ratio: 0.31%
- Quick Ratio: 0.31%
Sales & Book Value:
- Trailing P/E Ratio: 13.9
- Forward P/E Ratio: 14.73
- P/E Growth: 1.55
- Annual Sales: $816.42 million
- Price / Sales: 3.12
- Cash Flow: $2.50 per share
- Price / Cash: 14.76
- Book Value: $22.33 per share
- Price / Book: 1.66
- Annual Dividend: $1.52
- Dividend Yield: 4.1%
- Trailing EPS: $1.29
- Net Income: $73.7 million
- Net Margins: 12.98%
- Return on Equity: 6.63%
- Return on Assets: 3.78%
- Employees: 26
- Outstanding Shares: 68,950,000
Frequently Asked Questions for Pebblebrook Hotel Trust (NYSE:PEB)
What is Pebblebrook Hotel Trust's stock symbol?
Pebblebrook Hotel Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PEB."
How often does Pebblebrook Hotel Trust pay dividends? What is the dividend yield for Pebblebrook Hotel Trust?
Pebblebrook Hotel Trust declared a quarterly dividend on Friday, September 15th. Investors of record on Friday, September 29th will be paid a dividend of $0.38 per share on Monday, October 16th. This represents a $1.52 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Thursday, September 28th. View Pebblebrook Hotel Trust's Dividend History.
How will Pebblebrook Hotel Trust's stock buyback program work?
Pebblebrook Hotel Trust announced that its board has initiated a share repurchase plan on Friday, July 28th 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
How were Pebblebrook Hotel Trust's earnings last quarter?
Pebblebrook Hotel Trust (NYSE:PEB) released its quarterly earnings results on Monday, October, 23rd. The real estate investment trust reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.49. The real estate investment trust had revenue of $201.80 million for the quarter, compared to analysts' expectations of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.61) earnings per share. View Pebblebrook Hotel Trust's Earnings History.
When will Pebblebrook Hotel Trust make its next earnings announcement?
What guidance has Pebblebrook Hotel Trust issued on next quarter's earnings?
Pebblebrook Hotel Trust updated its FY17 earnings guidance on Monday, October, 23rd. The company provided earnings per share guidance of $2.48-2.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.52.
Where is Pebblebrook Hotel Trust's stock going? Where will Pebblebrook Hotel Trust's stock price be in 2017?
10 brokers have issued 12-month price targets for Pebblebrook Hotel Trust's stock. Their forecasts range from $26.00 to $40.00. On average, they expect Pebblebrook Hotel Trust's stock price to reach $35.31 in the next year. View Analyst Ratings for Pebblebrook Hotel Trust.
What are Wall Street analysts saying about Pebblebrook Hotel Trust stock?
Here are some recent quotes from research analysts about Pebblebrook Hotel Trust 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. " (10/27/2017)
- 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 Trust's key competitors?
Some companies that are related to Pebblebrook Hotel Trust include Hospitality Properties Trust (HPT), Apple Hospitality REIT (APLE), Sunstone Hotel Investors (SHO), RLJ Lodging Trust (RLJ), LaSalle Hotel Properties (LHO), Xenia Hotels & Resorts (XHR), Diamondrock Hospitality Company (DRH), MGM Growth Properties LLC (MGP), Ryman Hospitality Properties (GET), Chesapeake Lodging Trust (CHSP), Summit Hotel Properties (INN), Chatham Lodging Trust (REIT) (CLDT), FelCor Lodging Trust Incorporated (FCH), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property (ESP), Ashford Hospitality Prime (AHP) and Sotherly Hotels (SOHO).
Who are Pebblebrook Hotel Trust's key executives?
Pebblebrook Hotel Trust's management team includes the folowing people:
- Jon E. Bortz CPA, Chairman of the Board of Trustees, President, Chief Executive Officer (Age 60)
- Raymond D. Martz, Chief Financial Officer, Executive Vice President, Treasurer, Secretary (Age 46)
- Thomas Charles Fisher, Chief Investment Officer, Executive Vice President (Age 46)
- Phillip M. Miller, Lead Independent Trustee (Age 64)
- Cydney C. Donnell, Independent Trustee (Age 57)
- Ron E. Jackson, Independent Trustee (Age 74)
- Michael J. Schall, Independent Trustee (Age 59)
- Earl E. Webb, Independent Trustee (Age 59)
Who owns Pebblebrook Hotel Trust stock?
Pebblebrook Hotel Trust's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Cohen & Steers Inc. (6.38%), Daiwa Securities Group Inc. (5.47%), Principal Financial Group Inc. (3.33%), Fuller & Thaler Asset Management Inc. (2.69%), Bank of New York Mellon Corp (2.56%) and Jennison Associates LLC (1.99%). Company insiders that own Pebblebrook Hotel Trust stock include Cydney Donnell, Jon E Bortz, Raymond D Martz, Ron E Jackson and Thomas Charles Fisher. View Institutional Ownership Trends for Pebblebrook Hotel Trust.
Who sold Pebblebrook Hotel Trust stock? Who is selling Pebblebrook Hotel Trust stock?
Pebblebrook Hotel Trust's stock was sold by a variety of institutional investors in the last quarter, including Duff & Phelps Investment Management Co., Cohen & Steers Inc., Daiwa Securities Group Inc., Fuller & Thaler Asset Management Inc., Hotchkis & Wiley Capital Management LLC, Principal Financial Group Inc., Bank of New York Mellon Corp and Investment Counselors of Maryland LLC. Company insiders that have sold Pebblebrook Hotel Trust company stock in the last year include Jon E Bortz, Raymond D Martz and Thomas Charles Fisher. View Insider Buying and Selling for Pebblebrook Hotel Trust.
Who bought Pebblebrook Hotel Trust stock? Who is buying Pebblebrook Hotel Trust stock?
Pebblebrook Hotel Trust's stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Chartwell Investment Partners LLC, Russell Investments Group Ltd., Ameriprise Financial Inc., Macquarie Group Ltd., 361 Capital LLC, Schwab Charles Investment Management Inc. and Dimensional Fund Advisors LP. View Insider Buying and Selling for Pebblebrook Hotel Trust.
How do I buy Pebblebrook Hotel Trust stock?
Shares of Pebblebrook Hotel Trust 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 Trust's stock price today?
One share of Pebblebrook Hotel Trust stock can currently be purchased for approximately $36.96.
How big of a company is Pebblebrook Hotel Trust?
Pebblebrook Hotel Trust has a market capitalization of $2.54838 billion and generates $816.42 million in revenue each year. The real estate investment trust earns $73.7 million in net income (profit) each year or $1.29 on an earnings per share basis. Pebblebrook Hotel Trust employs 26 workers across the globe.
How can I contact Pebblebrook Hotel Trust?
Pebblebrook Hotel Trust'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 Trust (NYSE PEB)MarketBeat's community ratings are surveys of what our community members think about Pebblebrook Hotel Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Pebblebrook Hotel Trust (NYSE:PEB) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 3 Hold Ratings, 5 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.30)|
|Consensus Price Target: ||$35.31 (4.46% downside)|
Consensus Price Target History for Pebblebrook Hotel Trust (NYSE:PEB)
Analysts' Ratings History for Pebblebrook Hotel Trust (NYSE:PEB)
(Data available from 11/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/25/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$35.00||N/A|
|10/25/2017||Barclays PLC||Boost Price Target||Overweight||$36.00 -> $37.00||N/A|
|10/25/2017||Robert W. Baird||Set Price Target||Hold||$34.00 -> $35.00||N/A|
|10/25/2017||Boenning Scattergood||Reiterated Rating||Hold||N/A|
|10/24/2017||Stifel Nicolaus||Reiterated Rating||Hold -> Hold||$31.50 -> $34.50||N/A|
|9/27/2017||Janney Montgomery Scott||Upgrade||Neutral -> Buy||$31.00 -> $40.00||Medium|
|9/22/2017||BTIG Research||Upgrade||Neutral -> Buy||$40.00||Medium|
|8/2/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Neutral -> Sell||$27.00 -> $26.00||High|
|6/28/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform||$32.00 -> $35.00||Medium|
|3/3/2017||Evercore ISI||Downgrade||Hold -> Underperform||N/A|
|7/26/2016||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||N/A|
|7/21/2016||Credit Suisse Group||Downgrade||Outperform -> Neutral||$30.00 -> $29.00||N/A|
|5/20/2016||Bank of America Corporation||Reiterated Rating||Neutral||$29.00 -> $27.00||N/A|
|1/19/2016||Ladenburg Thalmann Financial Services||Downgrade||Neutral -> Sell||N/A|
Earnings History and Estimates Chart for Pebblebrook Hotel Trust (NYSE:PEB)
Earnings History by Quarter for Pebblebrook Hotel Trust (NYSE PEB)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/22/2018|| || || || || || || || |
|10/23/2017||Q3 2017||$0.31||$0.80||$198.11 million||$201.80 million||View||N/A|
|7/27/2017||Q2 2017||$0.67||$0.75||$199.30 million||$205.72 million||View||N/A|
|4/27/2017||Q1 2017||$0.49||$0.54||$184.69 million||$182.18 million||View||N/A|
|2/23/2017||Q416||$0.22||$0.57||$201.94 million||$198.90 million||View||N/A|
|10/28/2016||Q316||$0.78||$0.84||$215.05 million||$208.90 million||View||N/A|
|7/25/2016||Q216||$0.75||$0.81||$212.93 million||$212.27 million||View||N/A|
|4/27/2016||Q116||$0.46||$0.56||$190.78 million||$196.20 million||View||N/A|
|2/22/2016||Q415||$0.59||$0.62||$191.34 million||$193.42 million||View||Listen|
|10/22/2015||Q315||$0.82||$0.83||$216.81 million||$216.32 million||View||Listen|
|7/23/2015||Q215||$0.69||$0.72||$197.13 million||$197.70 million||View||Listen|
|4/23/2015||Q115||$0.30||$0.34||$157.62 million||$163.44 million||View||N/A|
|2/17/2015||Q414||$0.43||$0.46||$154.40 million||$155.90 million||View||N/A|
|10/23/2014||Q314||$0.63||$0.68||$166.80 million||$169.68 million||View||N/A|
|7/24/2014||Q214||$0.54||$0.56||$151.00 million||$147.50 million||View||N/A|
|4/24/2014||Q114||$0.23||$0.26||$124.88 million||$125.71 million||View||N/A|
|10/25/2013||Q313||$0.42||$0.46||$133.80 million||$131.23 million||View||Listen|
|7/26/2013||Q213||$0.41||$0.43||$129.06 million||$126.30 million||View||Listen|
|2/22/2013||Q412||$0.29||$0.30||$105.32 million||$104.74 million||View||Listen|
Earnings Estimates for Pebblebrook Hotel Trust (NYSE:PEB)
2017 EPS Consensus Estimate: $2.28
2018 EPS Consensus Estimate: $2.60
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Pebblebrook Hotel Trust (NYSE:PEB)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||34.20% (3 Year Average)|
|Payout Ratio:||117.83% (Trailing 12 Months of Earnings) |
60.56% (Based on This Year's Estimates)
58.46% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Pebblebrook Hotel Trust (NYSE PEB)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Pebblebrook Hotel Trust (NYSE PEB)
Insider Ownership Percentage: 2.00%
Insider Trades by Quarter for Pebblebrook Hotel Trust (NYSE PEB)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|4/11/2017||Jon E Bortz||Chairman||Sell||10,096||$29.66||$299,447.36|| |
|4/11/2017||Raymond D Martz||CFO||Sell||5,702||$29.66||$169,121.32|| |
|3/21/2017||Jon E Bortz||Chairman||Sell||31,261||$27.66||$864,679.26|| |
|3/21/2017||Raymond D Martz||CFO||Sell||12,828||$27.92||$358,157.76|| |
|3/21/2017||Thomas Charles Fisher||EVP||Sell||13,025||$27.44||$357,406.00|| |
|12/9/2016||Jon E Bortz||Chairman||Sell||25,000||$31.38||$784,500.00|| |
|11/14/2016||Jon E Bortz||Chairman||Sell||43,424||$28.52||$1,238,452.48|| |
|11/3/2016||Ron E Jackson||Director||Sell||4,000||$23.98||$95,920.00|| |
|6/14/2016||Raymond D Martz||CFO||Sell||15,848||$25.26||$400,320.48|| |
|2/29/2016||Cydney Donnell||Director||Buy||1,000||$27.23||$27,230.00|| |
|10/27/2015||Jon E Bortz||CEO||Buy||5,100||$33.00||$168,300.00|| |
|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|| |
Latest Headlines for Pebblebrook Hotel Trust (NYSE PEB)
Pebblebrook Hotel Trust (NYSE PEB) Chart for Monday, November, 20, 2017