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Pebblebrook Hotel Trust PEB

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Stock XNYS Rating as of
$14.35 +0.01 (0.07%)
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As of Delayed Price Closed
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Company Report

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Recovery of Pebblebrook's Fundamentals Is Slowing but Growth Remains Positive

Kevin Brown

Pebblebrook Hotel Trust is the largest US lodging REIT focused on owning independent and boutique hotels. After Pebblebrook merged with LaSalle Hotel Properties in December 2018, the company owns 46 upper-upscale hotels, with more than 11,900 rooms located primarily in urban gateway markets. Historically, Pebblebrook's combined portfolio has had a higher revenue per available room price point and EBITDA margin than its hotel REIT peers.

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Price vs Fair Value

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PEB is trading at a 45% discount.
Price
$14.35
Fair Value
$69.00
Uncertainty
High
1-Star Price
$38.20
5-Star Price
$42.20
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Potentially accelerating economic growth may prolong a robust hotel cycle and benefit Pebblebrook's portfolio and performance.

Bears

Significant new supply throughout several of Pebblebrook’s core markets and rising interest rates will pressure the firm’s performance and valuation.

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News

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Trading Information

Previous Close Price
$14.34
Day Range
$14.25–14.56
52-Week Range
$11.39–16.65
Bid/Ask
$5.74 / $14.26
Market Cap
$1.73 Bil
Volume/Avg
1.2 Mil / 1.5 Mil

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
1.23
Dividend Yield (Trailing)
0.28%
Dividend Yield (Forward)
0.28%
Total Yield
5.64%

Company Profile

Pebblebrook Hotel Trust currently owns upper-upscale and luxury hotels with 11,924 rooms across 46 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 US hotels, in December 2018, though management has sold many of those hotels over the past few years. Pebblebrook's portfolio consists mostly of independent hotels with no brand affiliations, though the combined company does own and operate some hotels under Marriott, Starwood, InterContinental, Hilton, and Hyatt brands.
Sector
Real Estate
Industry
REIT - Hotel & Motel
Stock Style Box
Small Core
Total Number of Employees
58
Website
https://www.pebblebrookhotels.com

Competitors

Valuation

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Metric
PEB
HST
PK
Price/Earnings (Normalized)
 —19.1959.77
Price/Book Value
 0.621.990.89
Price/Sales
 1.232.521.29
Price/Cash Flow
 7.158.598.69
Price/Earnings
PEB
HST
PK

Financial Strength

Metric
PEB
HST
PK
Quick Ratio
 0.290.922.15
Current Ratio
 0.301.072.28
Interest Coverage
 0.324.811.42
Quick Ratio
PEB
HST
PK

Profitability

Metric
PEB
HST
PK
Return on Assets (Normalized)
 0.64%5.85%2.60%
Return on Equity (Normalized)
 1.34%10.55%6.02%
Return on Invested Capital (Normalized)
 2.18%7.02%4.58%
Return on Assets
PEB
HST
PK
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REIT - Hotel & Motel Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
HST
Host Hotels & Resorts IncYcrbcnvvPzfy$13.1 Bil
RHP
Ryman Hospitality Properties Inc—Cncc$6.3 Bil
APLE
Apple Hospitality REIT Inc—Bkrxv$3.6 Bil
PK
Park Hotels & Resorts IncTmbxhxftSlf$3.4 Bil
NIPOF
Japan Hotel REIT Investment Corp—Yscyzn$2.4 Bil
SHO
Sunstone Hotel Investors Inc—Drn$2.0 Bil
DRH
Diamondrock Hospitality CoRhdndbknDrpt$1.9 Bil
RLJ
RLJ Lodging Trust Registered Shs of Benef Interest—Jdwb$1.7 Bil
XHR
Xenia Hotels & Resorts Inc—Mdpg$1.4 Bil

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