Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.
IPO Year: 2009
Exchange: NYSE
Website: pebblebrookhotels.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/2/2025 | $13.00 | Neutral → Underperform | Wedbush |
11/22/2024 | $15.00 | Hold → Buy | Stifel |
11/21/2024 | $17.00 | Neutral → Buy | Compass Point |
3/28/2024 | $17.00 | Buy → Neutral | Compass Point |
1/8/2024 | $13.50 | Neutral → Underperform | BofA Securities |
10/3/2023 | $14.00 | Neutral | Wedbush |
9/28/2023 | Peer Perform | Wolfe Research | |
12/9/2022 | Outperform → Mkt Perform | Raymond James | |
12/5/2022 | $15.00 | Underweight | Morgan Stanley |
12/2/2022 | $20.00 → $18.00 | Outperform → Market Perform | BMO Capital Markets |
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
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4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
8-K - Pebblebrook Hotel Trust (0001474098) (Filer)
8-K - Pebblebrook Hotel Trust (0001474098) (Filer)
8-K - Pebblebrook Hotel Trust (0001474098) (Filer)
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8-K - Pebblebrook Hotel Trust (0001474098) (Filer)
10-Q - Pebblebrook Hotel Trust (0001474098) (Filer)
8-K - Pebblebrook Hotel Trust (0001474098) (Filer)
8-K - Pebblebrook Hotel Trust (0001474098) (Filer)
8-K/A - Pebblebrook Hotel Trust (0001474098) (Filer)
8-K - Pebblebrook Hotel Trust (0001474098) (Filer)
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced the following tax treatment of the 2024 distributions to holders of the Company's common and preferred shares. Record Date Payable Date Total Distribution Per Share Ordinary Dividend Total Capital Gain Distribution Unrecap Sec. 1250 Gain Nondividend Distribution Section 199A Dividend 897 Gain Security Description/CUSIP: 70509V100 Ticker Symbol: PEB 3/29/2024 4/15/2024 $0.010000 $0.000000 $0.000000 $0.000000 $0.010000 $0.000000 $0.000000 6/28/2024 7/15/2024 $0.010000 $0.000000
Recognizing the Year's Best Hotels Pebblebrook Hotel Trust (NYSE:PEB) (the "Company" or "Pebblebrook") today announced its nominations for the Thirteenth Annual Pebby Awards. The Pebby Award nominees were chosen for their outstanding accomplishments in 2024, as determined by Pebblebrook's selection committee. The 2025 Pebby Award nominees include a diverse array of urban hotels and resorts from across the portfolio. Several properties received multiple nominations, led by the Embassy Suites San Diego Bay – Downtown with seven nominations and the Hotel Chicago Downtown, Autograph Collection, with five. This year's nominees showcased determination and resilience, setting the stage for one
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it will report its financial and operating results for the quarter ended December 31, 2024 on Wednesday, February 26, 2025, after the market closes. The Company will conduct its quarterly conference call on Thursday, February 27, 2025, at 9:00 AM ET. To participate in the conference call, please follow the steps listed below: On Thursday, February 27, 2025, dial (877) 407-3982 approximately ten minutes before the call begins (8:50 AM ET); Tell the operator that you are calling for Pebblebrook Hotel Trust's Fourth Quarter 2024 Earnings Conference Call; State your full name and company affiliation, and you will be
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on January 15, 2025, to shareholders of record as of December 31, 2024 (the "Record Date"). The Board of Trustees also authorized, and the Company has declared, regular quarterly cash dividends on the Company's preferred shares of beneficial interest as follows, each of which will be paid on January 15, 2025, to shareholders of record as of the Record Date: $0.39844 per 6.375% Series E Cumulative Redeemable Preferred Share; $0.39375 per 6.3% Series F Cumulativ
Pebblebrook Hotel Trust (NYSE:PEB): Q3 FINANCIAL HIGHLIGHTS Net income: $45.1 million Same-Property Total RevPAR Growth: Increased 2.7% vs. Q3 2023, with urban properties improving 2.7% and resort properties growing 2.5% Same-Property Hotel EBITDA: $110.8 million, down $1.1 million, or 1.0%, vs. Q3 2023 Adjusted EBITDAre: $112.2 million, down $3.8 million, or 3.3%, vs. Q3 2023 Adjusted FFO per diluted share: $0.59, decreasing 3.3% from Q3 2023 Unexpected Insurance Proceeds: Adjusted EBITDAre and FFO include $7.1 million from business interruption insurance proceeds, which were not included in the Company's prior outlook HOTEL OPERATING TRENDS Increased
Company Strengthens Balance Sheet with No Significant Debt Maturities Until December 2026 Pebblebrook Hotel Trust (NYSE:PEB) (the "Company" or "Pebblebrook") today announced the successful extension of $787 million in debt maturities, significantly bolstering its financial flexibility and liquidity position. The Company has extended the maturity of $185.2 million of its recently reduced $200 million 2025 term loan to 2029. Additionally, Pebblebrook extended the maturity of $602 million of its $650 million senior unsecured revolving credit facility to 2029, inclusive of two optional six-month extensions. The revolving credit facility remains undrawn and fully available, providing the Compa
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company" or "Pebblebrook") today provided an update regarding the impact of Hurricane Milton and other recent named storms on its properties, including the expected net financial impact. Except for LaPlaya Beach Resort & Club ("LaPlaya"), all of the Company's southeast resorts are fully operational. LaPlaya, the 189-room luxury waterfront resort in Naples, Florida, is making significant strides in its restoration efforts following the impacts of Hurricane Helene on September 26, 2024, and Hurricane Milton on October 9, 2024. The Gulf Tower (70 rooms) and the Bay Tower (40 rooms), along with BALEEN Naples, the resort's primary restaurant and bar, are
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that its operating partnership, Pebblebrook Hotel, L.P. (the "Operating Partnership"), and a wholly owned subsidiary of the Operating Partnership, PEB Finance Corp. (together with the Operating Partnership, the "Issuers"), closed on the private placement (the "Private Placement") of $400 million aggregate principal amount of their 6.375% Senior Notes due 2029 (the "Notes"). The Notes are senior unsecured obligations of the Issuers and are initially fully and unconditionally guaranteed by the Company and the Operating Partnership's subsidiaries that guarantee the existing credit facilities of the Operating Partnership. The O
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that several of its resorts were impacted by Hurricane Helene and that repair and remediation costs net of insurance payments are expected not to be material. The 189-room LaPlaya Beach Resort & Club ("LaPlaya"), a luxury waterfront resort in Naples, Florida, was impacted by the storm starting on September 26, 2024. The resort, which spans three buildings on six acres, including two on the Gulf of Mexico, is undergoing a thorough damage assessment. The Company, along with the operator of LaPlaya, Noble House Hotels & Resorts, is actively working on cleanup, repairs and a comprehensive assessment. Currently, two of the thre
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that on September 23, 2024, its operating partnership, Pebblebrook Hotel, L.P. (the "Operating Partnership") and a wholly owned subsidiary of the Operating Partnership, PEB Finance Corp. (together with the Operating Partnership, the "Issuers"), priced the private placement of $400 million aggregate principal amount of 6.375% senior notes due 2029 (the "Notes"). The Notes will be senior unsecured obligations of the Issuers and will initially be fully and unconditionally guaranteed by the Company and the Operating Partnership's subsidiaries that guarantee the existing credit facilities of the Operating Partnership. Subject to
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
4 - Pebblebrook Hotel Trust (0001474098) (Issuer)
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced the following tax treatment of the 2024 distributions to holders of the Company's common and preferred shares. Record Date Payable Date Total Distribution Per Share Ordinary Dividend Total Capital Gain Distribution Unrecap Sec. 1250 Gain Nondividend Distribution Section 199A Dividend 897 Gain Security Description/CUSIP: 70509V100 Ticker Symbol: PEB 3/29/2024 4/15/2024 $0.010000 $0.000000 $0.000000 $0.000000 $0.010000 $0.000000 $0.000000 6/28/2024 7/15/2024 $0.010000 $0.000000
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it will report its financial and operating results for the quarter ended December 31, 2024 on Wednesday, February 26, 2025, after the market closes. The Company will conduct its quarterly conference call on Thursday, February 27, 2025, at 9:00 AM ET. To participate in the conference call, please follow the steps listed below: On Thursday, February 27, 2025, dial (877) 407-3982 approximately ten minutes before the call begins (8:50 AM ET); Tell the operator that you are calling for Pebblebrook Hotel Trust's Fourth Quarter 2024 Earnings Conference Call; State your full name and company affiliation, and you will be
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on January 15, 2025, to shareholders of record as of December 31, 2024 (the "Record Date"). The Board of Trustees also authorized, and the Company has declared, regular quarterly cash dividends on the Company's preferred shares of beneficial interest as follows, each of which will be paid on January 15, 2025, to shareholders of record as of the Record Date: $0.39844 per 6.375% Series E Cumulative Redeemable Preferred Share; $0.39375 per 6.3% Series F Cumulativ
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on October 15, 2024 to shareholders of record as of September 30, 2024 (the "Record Date"). The Board of Trustees also authorized, and the Company has declared, regular quarterly cash dividends on the Company's preferred shares of beneficial interest as follows, each of which will be paid on October 15, 2024 to shareholders of record as of the Record Date: $0.39844 per 6.375% Series E Cumulative Redeemable Preferred Share; $0.39375 per 6.3% Series F Cumulative Re
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it will report its financial and operating results for the quarter ended September 30, 2024 on Thursday, November 7, 2024, after the market closes. The Company will conduct its quarterly conference call on Friday, November 8, 2024, at 10:00 AM ET. To participate in the conference call, please follow the steps listed below: On Friday, November 8, 2024, dial (877) 407-3982 approximately ten minutes before the call begins (9:50 AM ET); Tell the operator that you are calling for Pebblebrook Hotel Trust's Third Quarter 2024 Earnings Conference Call; State your full name and company affiliation, and you will be connec
Pebblebrook Hotel Trust (NYSE:PEB): Q2 FINANCIAL HIGHLIGHTS Net income of $32.2 million Same-Property Total RevPAR(1) increased by 2.5% vs. Q2 2023, with urban properties improving 3.4% and resort properties growing 0.6% Same-Property EBITDA(1) of $117.2 million, up $9.6 million, or 8.9%, vs. Q2 2023 Adjusted EBITDAre(1) of $123.5 million, ahead by $7.2 million, or 6.2%, vs. Q2 2023 Adjusted FFO(1) per diluted share of $0.69, increasing 11.3% from Q2 2023 HOTEL OPERATING TRENDS Both urban and resort occupancies grew in Q2. Urban Same-Property Occupancy increased 2.5 percentage points, with gains driven by San Diego, Chicago, Boston and
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on July 15, 2024 to shareholders of record as of June 28, 2024 (the "Record Date"). The Board of Trustees also authorized, and the Company has declared, regular quarterly cash dividends on the Company's preferred shares of beneficial interest as follows, each of which will be paid on July 15, 2024 to shareholders of record as of the Record Date: $0.39844 per 6.375% Series E Cumulative Redeemable Preferred Share; $0.39375 per 6.3% Series F Cumulative Redeemable
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it will report its financial and operating results for the quarter ended June 30, 2024 on Wednesday, July 24, 2024, after the market closes. The Company will conduct its quarterly conference call on Thursday, July 25, 2024, at 9:30 AM ET. To participate in the conference call, please follow the steps listed below: On Thursday, July 25, 2024, dial (877) 407-3982 approximately ten minutes before the call begins (9:20 AM ET); Tell the operator that you are calling for Pebblebrook Hotel Trust's Second Quarter 2024 Earnings Conference Call; State your full name and company affiliation and you will be connected to the
Pebblebrook Hotel Trust (NYSE:PEB): Q1 FINANCIAL HIGHLIGHTS Net loss of ($27.5) million Same-Property RevPAR(1) increased 1.7% vs. Q1 2023, with Urban RevPAR improving 4.9% and Resort RevPAR declining 4.4% Same-Property EBITDA(1) of $59.8 million, down $1.4 million, or 2.3%, vs. Q1 2023 Adjusted EBITDAre(1) of $60.8 million, flat to Q1 2023 Adjusted FFO(1) per diluted share of $0.21, increasing from $0.18 in Q1 2023 HOTEL OPERATING TRENDS Business demand—both group and transient—continued to recover, driving increased occupancy in Washington D.C., San Diego, San Francisco, Los Angeles, and Boston Leisure demand remained roug
Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it will report its financial and operating results for the quarter ended March 31, 2024 on Tuesday, April 23, 2024, after the market closes. The Company will conduct its quarterly conference call on Wednesday, April 24, 2024, at 8:00 AM ET. To participate in the conference call, please follow the steps listed below: On Wednesday, April 24, 2024, dial (877) 407-3982 approximately ten minutes before the call begins (7:50 AM ET); Tell the operator that you are calling for Pebblebrook Hotel Trust's First Quarter 2024 Earnings Conference Call; State your full name and company affiliation and you will be connected to
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Pebblebrook Hotel Trust (NYSE:PEB) (the "Company" or "Pebblebrook") today announced that it published its fifth annual Environmental Sustainability and Social Responsibility Report covering the Company's Environmental, Social, and Governance ("ESG") performance in 2022 and its commitment to environmentally sustainable business practices and social responsibility to its employees and other stakeholders. Pebblebrook's 2023 ESG Report is aligned with international reporting standards such as the Global Reporting Initiative ("GRI") and includes pivotal disclosures in accordance with the Real Estate Sustainability Accounting Standard of the Sustainability Accounting Standards Board ("SASB"). I
Wedbush downgraded Pebblebrook Hotel Trust from Neutral to Underperform and set a new price target of $13.00
Stifel upgraded Pebblebrook Hotel Trust from Hold to Buy and set a new price target of $15.00
Compass Point upgraded Pebblebrook Hotel Trust from Neutral to Buy and set a new price target of $17.00
Compass Point downgraded Pebblebrook Hotel Trust from Buy to Neutral and set a new price target of $17.00
BofA Securities downgraded Pebblebrook Hotel Trust from Neutral to Underperform and set a new price target of $13.50
Wedbush initiated coverage of Pebblebrook Hotel Trust with a rating of Neutral and set a new price target of $14.00
Wolfe Research initiated coverage of Pebblebrook Hotel Trust with a rating of Peer Perform
Raymond James downgraded Pebblebrook Hotel Trust from Outperform to Mkt Perform
Morgan Stanley initiated coverage of Pebblebrook Hotel Trust with a rating of Underweight and set a new price target of $15.00
BMO Capital Markets downgraded Pebblebrook Hotel Trust from Outperform to Market Perform and set a new price target of $18.00 from $20.00 previously