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

10.66

Mkt cap

1.3B

Volume

2.3M

High

10.78

P/E Ratio

-27.44

52-wk high

16.19

Low

10.44

Div yield

0.00

52-wk low

10.31

Pebblebrook Hotel (PEB) released its Q3 earnings, providing insights into its performance compared to Wall Street estimates and year-ago values.

Portfolio Pulse from

November 08, 2024 | 2:15 am

Pebblebrook Hotel (PEB) reported Q3 funds from operations (FFO) of $0.59 per share, surpassing the Zacks Consensus Estimate of $0.53 per share. This is a slight decrease from the $0.61 per share reported a year ago.

Portfolio Pulse from

November 08, 2024 | 1:00 am

Pebblebrook Hotel Trust (PEB) is preparing to report its Q3 earnings, with potential benefits from increased business group, transient, and leisure travel demand. However, high-interest expenses could be a concern.

Portfolio Pulse from

November 06, 2024 | 7:00 pm

Baird analyst Michael Bellisario has maintained a Neutral rating on Pebblebrook Hotel (NYSE:PEB) while lowering the price target from $15 to $14.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:14 pm

Pebblebrook Hotel Trust reports negative AFFO for Q3, Q4, and FY 2024 due to the impact of named storms, with significant losses in net income and revenue.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:20 pm

Pebblebrook Hotel Trust anticipates a negative financial impact from Hurricane Milton and other recent storms, affecting its performance in Q3 and Q4 2024. The company projects a net income loss of $11.5 million for the full year, with declines in RevPAR, total revenue, and EBITDA.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:10 pm

Truist Securities has maintained a Hold rating on Pebblebrook Hotel (NYSE:PEB) but lowered the price target from $15 to $14.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:30 pm

Hurricane Helene caused significant devastation in the southeastern US, affecting power and insurance sectors. Duke Energy faced major outages, while insurers like AIG and Allstate are assessing potential losses. REITs reported minimal damage.

Portfolio Pulse from Hayden Buckfire

October 01, 2024 | 6:21 pm

Pebblebrook Hotel Trust has reported the impact of Hurricane Helene on its properties, stating that repair and remediation costs, net of insurance payments, are not expected to be material.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 8:17 pm

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

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