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:
- Sector: Finance
- Industry: Hospitality REITs
- Sub-Industry: Specialized REITs
- Symbol: NYSE:PEB
- CUSIP: 70509V10
- Web: www.pebblebrookhotels.com
Capitalization:- Market Cap: $2.35338 billion
- Outstanding Shares: 68,953,000
Average Prices:- 50 Day Moving Avg: $32.99
- 200 Day Moving Avg: $31.38
- 52 Week Range: $23.56 - $34.93
P/E:- Trailing P/E Ratio: 124.11
- Foreward P/E Ratio: 13.33
- P/E Growth: 0.44
Sales & Book Value:- Annual Revenue: $796.77 million
- Price / Sales: 2.94
- Book Value: $21.95 per share
- Price / Book: 1.55
Dividend:- Annual Dividend: $1.52
- Dividend Yield: 4.5%
Profitability:- EBIDTA: $242.63 million
- Net Margins: 5.09%
- Return on Equity: 2.59%
- Return on Assets: 1.45%
Debt:- Debt-to-Equity Ratio: 0.56%
- Current Ratio: 0.29%
- Quick Ratio: 0.29%
Misc:- Average Volume: 588,683 shs.
- Beta: 1.24
- Short Ratio: 14.36
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 announced a quarterly dividend on Friday, September 15th. Investors of record on Friday, September 29th will be given a dividend of $0.38 per share on Monday, October 16th. This represents a $1.52 annualized dividend and a yield of 4.47%. 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 declared that its board has approved a stock buyback plan on Friday, July 28th 2017, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its shares are undervalued.
How were Pebblebrook Hotel Trust's earnings last quarter?
Pebblebrook Hotel Trust (NYSE:PEB) announced its quarterly earnings results on Thursday, July, 27th. The company reported $0.75 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.67 by $0.08. The company had revenue of $205.72 million for the quarter, compared to the consensus estimate of $199.30 million. Pebblebrook Hotel Trust had a net margin of 5.09% and a return on equity of 2.59%. The company's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 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 issued an update on its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $2.45-2.53 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.47. Pebblebrook Hotel Trust also updated its Q3 guidance to $0.70-0.74 EPS.
Where is Pebblebrook Hotel Trust's stock going? Where will Pebblebrook Hotel Trust's stock price be in 2017?
7 brokerages have issued 1-year target prices for Pebblebrook Hotel Trust's shares. Their predictions range from $26.00 to $35.00. On average, they expect Pebblebrook Hotel Trust's stock price to reach $32.10 in the next twelve months. View Analyst Ratings for Pebblebrook Hotel Trust.
What are 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. " (8/1/2017)
- 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), Strategic Hotels and Resorts (BEE), Sunstone Hotel Investors (SHO), LaSalle Hotel Properties (LHO), RLJ Lodging Trust (RLJ), Xenia Hotels & Resorts (XHR), Diamondrock Hospitality Company (DRH), MGM Growth Properties LLC (MGP), Summit Hotel Properties (INN), Chesapeake Lodging Trust (CHSP), FelCor Lodging Trust Incorporated (FCH), Chatham Lodging Trust (REIT) (CLDT), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property PLC (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
- Raymond D. Martz, Chief Financial Officer, Executive Vice President, Treasurer, Secretary
- Thomas Charles Fisher, Chief Investment Officer, Executive Vice President
- Phillip M. Miller, Lead Independent Trustee
- Cydney C. Donnell, Independent Trustee
- Ron E. Jackson, Independent Trustee
- Michael J. Schall, Independent Trustee
- Earl E. Webb, Independent Trustee
Who owns Pebblebrook Hotel Trust stock?
Pebblebrook Hotel Trust's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.37%), BlackRock Inc. (9.91%), Goldman Sachs Group Inc. (8.97%), Daiwa Securities Group Inc. (6.27%), Principal Financial Group Inc. (3.65%) and State Street Corp (3.46%). 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 BlackRock Inc., Daiwa Securities Group Inc., Goldman Sachs Group Inc., Nationwide Fund Advisors, Phocas Financial Corp., TIAA CREF Investment Management LLC, RMR Advisors LLC and Convergence Investment Partners LLC. Company insiders that have sold Pebblebrook Hotel Trust stock in the last year include Jon E Bortz, Raymond D Martz, Ron E Jackson 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 acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Lord Abbett & CO. LLC, Russell Investments Group Ltd., GW&K Investment Management LLC, Peregrine Capital Management LLC, Macquarie Group Ltd., William Blair Investment Management LLC and Janus Henderson Group PLC. Company insiders that have bought Pebblebrook Hotel Trust stock in the last two years include Cydney Donnell and Jon E Bortz. 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 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 $34.00.
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.
Consensus Ratings for Pebblebrook Hotel Trust (NYSE:PEB) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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, 2 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.14) |
| Consensus Price Target: | $32.10 (5.59% downside) |
Analysts' Ratings History for Pebblebrook Hotel Trust (NYSE:PEB)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/2/2017 | Goldman Sachs Group, Inc. (The) | Downgrade | Neutral -> Sell | $27.00 -> $26.00 | High |  |
| 7/31/2017 | Boenning Scattergood | Reiterated Rating | Hold | | Medium | |
| 6/28/2017 | Raymond James Financial, Inc. | Reiterated Rating | Outperform | $32.00 -> $35.00 | Medium | |
| 6/28/2017 | Barclays PLC | Reiterated Rating | Buy | $35.00 | Low | |
| 6/23/2017 | Royal Bank Of Canada | Reiterated Rating | Buy | $33.00 | Low | |
| 6/21/2017 | Stifel Nicolaus | Boost Price Target | Hold | $30.00 -> $31.50 | Low | |
| 3/3/2017 | Evercore ISI | Downgrade | Hold -> Underperform | | N/A | |
| 8/25/2016 | BTIG Research | Initiated Coverage | Neutral | | 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 | |
| 5/23/2016 | Janney Montgomery Scott | Initiated Coverage | Neutral | $27.00 -> $24.00 | N/A | |
| 5/20/2016 | Bank of America Corporation | Reiterated Rating | Neutral | $29.00 -> $27.00 | N/A | |
| 2/26/2016 | Robert W. Baird | Lower Price Target | Outperform | $35.00 -> $34.00 | N/A | |
| 1/19/2016 | Ladenburg Thalmann Financial Services | Downgrade | Neutral -> Sell | | N/A | |
(Data available from 9/20/2015 forward)
Earnings History for Pebblebrook Hotel Trust (NYSE:PEB)Earnings History by Quarter for Pebblebrook Hotel Trust (NYSE PEB)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/25/2017 | | $0.33 | | | | | 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 | |
| 2/20/2014 | Q413 | $0.36 | $0.39 | $128.82 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 | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Pebblebrook Hotel Trust (NYSE:PEB)2017 EPS Consensus Estimate: $2.38
2018 EPS Consensus Estimate: $2.55
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.49 | $0.49 | $0.49 |
| Q2 2017 | 1 | $0.67 | $0.67 | $0.67 |
| Q3 2017 | 1 | $0.71 | $0.71 | $0.71 |
| Q4 2017 | 1 | $0.51 | $0.51 | $0.51 |
| Q1 2018 | 1 | $0.57 | $0.57 | $0.57 |
| Q2 2018 | 1 | $0.73 | $0.73 | $0.73 |
| Q3 2018 | 1 | $0.74 | $0.74 | $0.74 |
| Q4 2018 | 1 | $0.51 | $0.51 | $0.51 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Pebblebrook Hotel Trust (NYSE:PEB)| Next Dividend: | 10/16/2017 |
| Annual Dividend: | $1.52 |
| Dividend Yield: | 4.47% |
| Dividend Growth: | 34.20% (3 Year Average) |
| Payout Ratio: | 506.68% (Trailing 12 Months of Earnings)
60.56% (Based on This Year's Estimates)
59.61% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Pebblebrook Hotel Trust (NYSE PEB)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 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)
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)| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for Pebblebrook Hotel Trust (NYSE:PEB)
Latest Headlines for Pebblebrook Hotel Trust (NYSE:PEB)
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Pebblebrook Hotel Trust (PEB) Chart for Wednesday, September, 20, 2017
