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.

Open

12.32

Mkt cap

1.5B

Volume

1.7M

High

12.38

P/E Ratio

-48.76

52-wk high

16.65

Low

11.95

Div yield

0.00

52-wk low

11.65

Pebblebrook Hotel Trust has announced the pricing of a private placement of $400 million in senior notes with a 6.375% interest rate, due in 2029. This move is likely aimed at refinancing existing debt or funding new investments.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:17 am

Pebblebrook Hotel Trust plans to raise $350 million through a private placement of senior notes due 2029. The proceeds will be used to repay unsecured term loans and potentially repurchase convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:57 am

Top Wall Street analysts have updated their price targets and ratings for several companies, including Oracle, Moderna, and Garmin. Notably, Guggenheim raised Oracle's price target, while Barclays significantly cut Garmin's target.

Portfolio Pulse from Avi Kapoor

September 13, 2024 | 3:54 pm

Wells Fargo analyst Dori Kesten maintains an Equal-Weight rating on Pebblebrook Hotel (NYSE:PEB) but lowers the price target from $15 to $13.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:22 pm

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.