Streetbeat News

PEB

Pebblebrook Hotel Trust

https://www.pebblebrookhotels.com

Industry

REIT - Hotel & Motel

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.

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Several notable insider trades were reported, including significant purchases in Appian Corporation, Pebblebrook Hotel Trust, Warby Parker, and Bassett Furniture Industries. Insider buying often signals confidence in the company's prospects.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 1:14 pm

Pebblebrook Hotel Trust has provided its forecast for the fiscal year 2024, expecting adjusted funds from operations (FFO) to be in the range of $1.59 to $1.70 per share, compared to the analyst estimate of $1.60.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:53 pm

Pebblebrook Hotel (NYSE:PEB) reported Q2 2024 earnings of $0.69 per share, beating the analyst estimate of $0.61 by 13.11%. Sales were $397.110M, slightly above the $396.421M estimate. Both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:28 pm

Truist Securities analyst Gregory Miller maintains a Hold rating on Pebblebrook Hotel (NYSE:PEB) and lowers the price target from $16 to $15.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:09 pm

Pebblebrook Hotel Trust anticipates its Q2 adjusted Funds From Operations (FFO) per share to be in the range of $0.59-$0.63, surpassing the estimated $0.56.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:25 pm

Pebblebrook Hotel (NYSE:PEB) reported Q1 2024 FFO of $0.21 per share, surpassing the $0.15 estimate, and sales of $314.069M, exceeding the $303.776M forecast. This represents a 90.91% increase in earnings and a 2.73% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:35 pm

Numerous companies are scheduled to report their quarterly earnings on April 23, 2024, with expectations covering a wide range of performance indicators. Notable companies include RTX, MSCI, Quest Diagnostics, General Motors, Spotify Technology, PepsiCo, and Tesla, among others. The earnings reports span various industries from technology, healthcare, automotive, to consumer goods, indicating a significant day for investors to gauge corporate performance and market directions.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 10:57 am

Compass Point analyst Floris Van Dijkum downgraded Pebblebrook Hotel (NYSE:PEB) from Buy to Neutral and set a $17 price target.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:37 am

Pebblebrook Hotel Trust has projected its 2024 Adjusted Funds From Operations (FFO) per share to be in the range of $1.49-$1.61, aligning closely with the estimated $1.55.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:44 pm

Pebblebrook Hotel reported Q4 2023 earnings of $0.21 per share, surpassing the $0.14 estimate, with sales of $334.09M exceeding the $324.18M forecast. This represents a 4.53% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:32 pm

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