NYSE:PEB - Pebblebrook Hotel Trust Stock Price, News, & Analysis

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$29.31 -0.19 (-0.64 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$29.50
Today's Range$29.01 - $29.86
52-Week Range$26.59 - $41.65
Volume835,900 shs
Average Volume1.21 million shs
Market Capitalization$3.83 billion
P/E Ratio11.96
Dividend Yield5.15%
Beta1.34
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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP70509V10
Phone240-507-1300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$828.68 million
Cash Flow$1.0284 per share
Book Value$28.37 per share

Profitability

Net Income$13.39 million

Miscellaneous

Employees50
Market Cap$3.83 billion
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable

Pebblebrook Hotel Trust (NYSE:PEB) Frequently Asked Questions

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, March 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.38 per share on Monday, April 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Thursday, March 28th. This is a boost from Pebblebrook Hotel Trust's previous quarterly dividend of $0.25. View Pebblebrook Hotel Trust's Dividend History.

How will Pebblebrook Hotel Trust's stock buyback program work?

Pebblebrook Hotel Trust announced that its Board of Directors has authorized a share buyback plan on Friday, July 28th 2017, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.4% of its shares through open market purchases. Shares buyback plans are generally 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) announced its earnings results on Thursday, April, 25th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The real estate investment trust earned $267.20 million during the quarter, compared to analysts' expectations of $358.66 million. Pebblebrook Hotel Trust had a negative net margin of 0.53% and a negative return on equity of 0.20%. The business's revenue was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. View Pebblebrook Hotel Trust's Earnings History.

When is Pebblebrook Hotel Trust's next earnings date?

Pebblebrook Hotel Trust is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for Pebblebrook Hotel Trust.

What guidance has Pebblebrook Hotel Trust issued on next quarter's earnings?

Pebblebrook Hotel Trust updated its FY19 earnings guidance on Thursday, April, 25th. The company provided earnings per share (EPS) guidance of $2.60-2.67 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.64. Pebblebrook Hotel Trust also updated its Q2 guidance to $0.80-0.82 EPS.

What price target have analysts set for PEB?

9 analysts have issued twelve-month target prices for Pebblebrook Hotel Trust's stock. Their predictions range from $26.00 to $43.00. On average, they expect Pebblebrook Hotel Trust's stock price to reach $36.5556 in the next year. This suggests a possible upside of 24.7% from the stock's current price. View Analyst Price Targets for Pebblebrook Hotel Trust.

What is the consensus analysts' recommendation for Pebblebrook Hotel Trust?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pebblebrook Hotel Trust in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. " (3/26/2019)
  • 2. Barclays PLC analysts commented, "We expect PEB shares to benefit as the company delevers the balance sheet and improves the growth profile of the portfolio through asset sales activity this year. PEB announced the sale of the 343-room Liaison Capital Hill hotel in Washington D.C. for $111mn, or 16.9x 2018 EBITDA and a 4.9% 2018 cap rate. The sale price equates to 324,000 per key. PEB acquired the hotel in the LaSalle transaction last year. In 2001, LaSalle purchased the property (then called Holiday for $44mn. We believe the sale is a positive indicator for the value of Washington D.C. hotel real estate. The Washington D.C. market has faced softer growth due to an ongoing decline of lobbying activity and high supply growth. In addition, the market faces a weaker convention calendar in 2019. These challenges have been partially offset by higher leisure demand." (2/19/2019)

Has Pebblebrook Hotel Trust been receiving favorable news coverage?

Media headlines about PEB stock have trended positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Pebblebrook Hotel Trust earned a news impact score of 2.3 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future.

Who are some of Pebblebrook Hotel Trust's key competitors?

What other stocks do shareholders of Pebblebrook Hotel Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Pebblebrook Hotel Trust investors own include Alibaba Group (BABA), Visa (V), NVIDIA (NVDA), Ventas (VTR), Gilead Sciences (GILD), Intel (INTC), CubeSmart (CUBE), LTC Properties (LTC), Omega Healthcare Investors (OHI) and United Technologies (UTX).

Who are Pebblebrook Hotel Trust's key executives?

Pebblebrook Hotel Trust's management team includes the folowing people:
  • Mr. Jon E. Bortz CPA, Chairman, Pres & CEO (Age 63)
  • Mr. Raymond D. Martz, Exec. VP, CFO, Treasurer & Sec. (Age 49)
  • Mr. Thomas Charles Fisher, Exec. VP & Chief Investment Officer (Age 48)
  • Ms. Gabrielle Gordon, Director of Fin.
  • Mr. Andrew H. Dittamo, VP & Controller (Age 45)

Who are Pebblebrook Hotel Trust's major shareholders?

Pebblebrook Hotel Trust's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.43%), Daiwa Securities Group Inc. (4.77%), Northern Trust Corp (3.43%), JPMorgan Chase & Co. (3.26%), Goldman Sachs Group Inc. (3.15%) and Dimensional Fund Advisors LP (1.82%). View Institutional Ownership Trends for Pebblebrook Hotel Trust.

Which institutional investors are selling Pebblebrook Hotel Trust stock?

PEB stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Centersquare Investment Management LLC, Centersquare Investment Management LLC, FMR LLC, Man Group plc, Morgan Stanley, Northern Trust Corp and Goldman Sachs Group Inc.. View Insider Buying and Selling for Pebblebrook Hotel Trust.

Which institutional investors are buying Pebblebrook Hotel Trust stock?

PEB stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Zimmer Partners LP, Daiwa Securities Group Inc., Cbre Clarion Securities LLC, Heitman Real Estate Securities LLC, Geode Capital Management LLC, Macquarie Group Ltd. and Nordea Investment Management AB. View Insider Buying and Selling for Pebblebrook Hotel Trust.

How do I buy shares of Pebblebrook Hotel Trust?

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 Trust's stock price today?

One share of PEB stock can currently be purchased for approximately $29.31.

How big of a company is Pebblebrook Hotel Trust?

Pebblebrook Hotel Trust has a market capitalization of $3.83 billion and generates $828.68 million in revenue each year. The real estate investment trust earns $13.39 million in net income (profit) each year or $2.45 on an earnings per share basis. Pebblebrook Hotel Trust employs 50 workers across the globe.

What is Pebblebrook Hotel Trust's official website?

The official website for Pebblebrook Hotel Trust is http://www.pebblebrookhotels.com/.

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  312 (Vote Outperform)
Underperform Votes:  365 (Vote Underperform)
Total Votes:  677
MarketBeat's community ratings are surveys of what our community members think about Pebblebrook Hotel Trust 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.
This page was last updated on 5/25/2019 by MarketBeat.com Staff

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