Pebblebrook Hotel (NYSE:PEB) Stock

Pebblebrook Hotel

Pebblebrook Hotel Trust currently owns upper upscale and luxury hotels with 11,933 rooms across 46 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 US hotels, in November 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.

Pebblebrook Hotel Trust

Pebblebrook Hotel Trust Common Shares of Beneficial Interest

PENN BANCSHARES INC by Penn Bancshares, Inc.

Penn Bancshares Inc

Pebble Group PLC

PEOPLES BANCORP INC MD by Peoples Bancorp Inc.

Peoples Bancorp Inc

Peoples Bancorp of North Carolina, Inc. - Common Stock

Peoples Bancorp of North Carolina Inc

Peoples Bancorp Inc (Marietta OH)

Pebblebrook Hotel Trust 6.375% Series E Cumulative Redeemable Preferred Shares of Beneficial Interest

Pebblebrook Hotel Trust 6.3% Series F Cumulative Redeemable Preferred Shares of Beneficial Interest

Pebblebrook Hotel Trust 6.375% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest

Pebblebrook Hotel Trust 5.700% Series H Cumulative Redeemable Preferred Shares of Beneficial Interest

Truist Securities analyst Gregory Miller maintains Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) with a Hold and lowers the price target from $10 to $9.

News

Price Target

Analyst Ratings

Truist Securities Maintains Hold on Pebblebrook Hotel, Lowers Price Target to $9

Real estate markets are still not getting a lot of love from the investing world. Even though sales and pricing have been increasing, there is still fear of what may happen if the bond market does not get its act under control. The price of real estate and REITs are very closely correlated to the yield of ten-year treasuries, and that is a concern.
I am comfortably in the camp of &#8220;Stagflation is inevitable&#8221; thanks to the current trade policy and high levels of uncertainty. However, I am not in the camp of &#8220;The end is nigh.&#8221;
Given the nasty bear market we have experienced and the levels of fear in the marketplace, it is quite likely that we are closer to a bottom than the markets want to accept. Even those who are bullish on the economy and the markets tend to overlook real estate.
Even though real estate has created more millionaires and even billionaires than any other asset class, there is a perception that owning REITs is boring. While REITs have languished in the past few years, it was hard to be comfortable with calling a bottom as we did not see insiders step up to the plate as they have at previous bottoms in the REIT market. That is starting to change. In recent weeks, buying activity by the officers and directors of real estate investment trusts has been picking up.
Americold Realty Trust (Ticker: COLD)
One of the largest rounds of insider buying recently was at Americold Realty Trust (COLD). Everything you buy requires storage at some point in its journey from the manufacturer to you. A lot of the things you buy, especially at the grocery store, require that storage facility to be temperature controlled—specifically, controlled to be cold.
Americold owns 238 cold storage facilities around the world. Its customers include some of the largest food producers and grocery chains in the world. Here in the United States, their locations cover 99% of the population.
There are key megatrends helping drive the demand for cold storage:
<ul class="wp-block-list">
<li>We are trying to eat healthier, which requires fresh food</li>
<li>Meal kits have seen a meteoric rise in popularity, and most of them have to be refrigerated at every step of the supply chain</li>
</ul>
Americold has seen revenues rise by 60% over the past five years, and net operating income has grown by 69%. The stock has fallen by more than 50% from its pandemic highs, and insiders are starting to buy shares in anticipation of a massive long-term rebound.
CEO George Chapelle bought $1.9 million worth of stock earlier this month. CFO Jay Wells spent $179,000 to add to his position in the REIT. Americold just raised the dividend by 5%, and the shares now yield about 5.5%.
BRT Apartments Corp. (Ticker: BRT)
It seems that every time there is even a hint of a lull in the real estate markets, Jeffrey Gould increases his stake in BRT Apartments (BRT). I bought BRT shares years ago when they made the transition from a mortgage REIT to an owner of apartments. It was insider buying that drew my attention to the stock, and we are still seeing strong buying today.
Gould has been in the real estate investment game for a long time and is also a director at One Liberty Properties (OLP), a net lease REIT.
BRT Apartments Corp. is a small-cap multifamily REIT focused on garden-style and mid-rise apartment communities across the Southeast and Texas. The company operates a portfolio of 29 properties with nearly 8,000 units. At the current price, the shares yield 6.29%. The REIT is also actively buying back stock to take advantage of the favorable valuation right now.
The Gould family owns about 40% of the REIT, but Jeffrey Gould just keeps buying. Notably, in May 2025, he purchased 25,238 shares valued at approximately $385,134. Earlier, in April 2024, Gould acquired shares worth over $625,000.
Pebblebrook Hotel Trust (Ticker: PEB)
Hotel REITs have underperformed all year, and the decline is starting to create the kind of bargain pricing that attracts insiders. Pebblebrook Hotels (PEB) Chairman and CEO Jon Bortz has been aggressively buying shares since March. His most recent purchases were in May when he purchased about $1.5 million in additional shares of the REIT.
Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is a lodging-focused REIT that owns a portfolio of upper-upscale, full-service hotels and resorts concentrated in high-barrier, urban and resort markets across the United States. Pebblebrook has carved out a niche investing in lifestyle-oriented properties in gateway cities like San Francisco, Washington D.C., Boston, and Key West. The portfolio includes over 50 hotels and resorts, featuring well-known properties like 1 Hotel San Francisco, Hotel Zena in D.C., and the Southernmost Beach Resort in Key West.
Real estate is out of favor with investors, but insiders are slowly but surely stepping up to the plate.

Opinion

COLD

Alpha Buying: Real Estate May Be Cold, but Insider Confidence Is Heating Up

Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) lowers FY2025 FFO guidance from $1.50-$1.62 to $1.42-$1.59 vs $1.53 analyst estimate..

Guidance

Pebblebrook Hotel Lowers FY2025 FFO Guidance from $1.50-$1.62 to $1.42-$1.59 vs $1.53 Est

Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is looking for Q2 FFO of $0.57-$0.61 vs $0.63 analyst estimate..

Pebblebrook Hotel Sees Q2 FFO $0.57-$0.61 vs $0.63 Est

Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.12 by 33.33 percent. This is a 23.81 percent decrease over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $320.27 million which beat the analyst consensus estimate of $311.98 million by 2.66 percent. This is a 1.97 percent increase over sales of $314.07 million the same period last year.

Earnings

Earnings Beats

Pebblebrook Hotel Q1 FFO $0.16 Beats $0.12 Estimate, Sales $320.27M Beat $311.98M Estimate

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Earnings Scheduled For May 1, 2025

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $12.56, a high estimate of $13.25, and a low estimate of $11.00. Highlighting a 18.34% decrease, the current average has fallen from the previous average price target of $15.38. 
<img src="https://www.benzinga.com/files/images/story/2025/1745874031_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Pebblebrook Hotel by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;--------------------&#x7C;---------------&#x7C;---------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Richard Hightower &#x7C;Evercore ISI Group &#x7C;Lowers &#x7C;In-Line &#x7C; $11.00&#x7C;$15.00 &#x7C; 
&#x7C;Simon Yarmak &#x7C;Stifel &#x7C;Lowers &#x7C;Buy &#x7C; $13.25&#x7C;$16.50 &#x7C; 
&#x7C;Dori Kesten &#x7C;Wells Fargo &#x7C;Lowers &#x7C;Equal-Weight &#x7C; $13.00&#x7C;$16.00 &#x7C; 
&#x7C;Gregory Miller &#x7C;Truist Securities &#x7C;Lowers &#x7C;Hold &#x7C; $13.00&#x7C;$14.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Pebblebrook Hotel. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Pebblebrook Hotel compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Pebblebrook Hotel's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Pebblebrook Hotel's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PEB/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Pebblebrook Hotel analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">you can start by tracking it here</a>.
<h2>Get to Know Pebblebrook Hotel Better</h2>
Pebblebrook Hotel Trust currently owns upper upscale and luxury hotels with 11,933 rooms across 46 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 US hotels, in November 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.
<h3>Pebblebrook Hotel: Financial Performance Dissected</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining Pebblebrook Hotel's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.05% as of 31 December, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Pebblebrook Hotel's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -18.08%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -2.24%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Pebblebrook Hotel's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -1.07%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Pebblebrook Hotel's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.95.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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Beyond The Numbers: 4 Analysts Discuss Pebblebrook Hotel Stock

Evercore ISI Group analyst Richard Hightower maintains Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) with a In-Line and lowers the price target from $15 to $11.

Evercore ISI Group Maintains In-Line on Pebblebrook Hotel, Lowers Price Target to $11

Stifel analyst Simon Yarmak maintains Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) with a Buy and lowers the price target from $16.5 to $13.25.

Stifel Maintains Buy on Pebblebrook Hotel, Lowers Price Target to $13.25

WIIM

Shares of REIT stocks are trading lower amid an overall market reversal. The sector may also be down amid a rise in the 30-year Treasury yield.

BofA Securities analyzes the extent of tariffs and the macroeconomic situation&#8217;s effect on the earnings of gaming and lodging companies.
Since BofA&#8217;s previous report on April 1, stocks in the lodging and gaming sector have dropped 11% % -25 %, underperforming the S&amp;P 500's 16% decline.
Rising tariffs have significantly increased recession risks, with the sector now pricing in an 85% % -100 % chance of a downturn.
Investor concerns have escalated from market correction to a potential full-scale recession. A tariff-driven slowdown could cut sector revenues by 2%–4% and EBITDA by 3%–8%.
Recessions differ in nature, but the past three saw average peak-to-trough GDP drops of 5.1% and 10% in RevPAR.
According to the analyst, sub-sector sensitivity varies, with regional gaming and skiing less affected, while hotels and timeshares are more exposed. 
Also Read: <a href="https://www.benzinga.com/news/25/04/44698868/tariffs-recession-fears-could-derail-wayfair-rh-and-etsy-says-analyst">Tariffs, Recession Fears Could Derail Wayfair, RH And Etsy, Says Analyst</a>
Earnings risk is highest for gaming operators and lodging REITs due to their high operating leverage. COVID and GFC downturns lasted about 67 days; current declines are 55 days in, said the analyst.
A 1% GDP decline could reduce hotel RevPAR by 2%–4%, broader sector revenue by 2%–4%, and EBITDA by 3%–8%.
Tariffs are projected to impact GDP by 1%–1.5%, amplifying pressure on hospitality earnings.
Early data from Apple Hospitality REIT Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) signals underperformance, with potential RevPAR guidance cuts of 2% to 3% and flat growth for the U.S. in 2025.
Domestic gaming stocks are currently trading at notably low valuations, with 2025 EBITDA multiples at 6.5x and free cash flow yields at 15%, while operating companies are at 6.3x and 20%, respectively, said the analyst.
These figures sit one standard deviation below long-term averages, hitting levels last seen in 2022 and even lower than in 2016 and 2018. 
Lodging C-Corps are also below historical norms, except for Hilton Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), which still trades at a premium.
Lodging REITs have dropped to valuation lows only previously observed during the COVID-19 and Global Financial crises.
Meanwhile, timeshare valuations are also depressed, and Vail Resorts Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is now trading at its lowest multiple since 2011.
Read Next: <a href="https://www.benzinga.com/25/04/44717332/why-is-ev-maker-mullen-automotive-stock-tanking-today">Why Is EV Maker Mullen Automotive Stock Tanking Today?</a>
Photo: Shutterstock

Analyst Color

General

CHDN

PENN

WYNN

BofA Flags Rising Risks For Gaming And Lodging Firms As Valuations Tumble

The best description for the current market conditions is that this is a market of high uncertainty.
We have the Trump administration with tariffs, and people are stunningly surprised that he is using tariffs as a tool to:
A: Raise revenue, and&#8230;
B: Shape global trade policy. He just spent three years telling you that was what he was going to do if he got back into the White House. And he&#8217;s doing exactly what he said he was going to do..
Now, he has been somewhat uneven in his approach. There&#8217;s been some flip flopping, on-again, off-again approaches from the Trump administration.
But the course on tariffs remains, for the most part, true.
Where the uncertainty comes in is that we don&#8217;t know how this plays out. There&#8217;s a lot of people walking around out there with very confident opinions of what&#8217;s going to happen and how it&#8217;s going to happen, when it&#8217;s going to happen.
Those people should probably be punched in the face because we&#8217;re in uncharted territory.
We have done this type of widespread tariff behavior before, but in that case, it led to a global depression and World War II.
Now, I don&#8217;t necessarily think all of the same ingredients are present that were there when we did widespread tariffs on all of our trading partners under the Smoot-Hawley Act back in the nineteen thirties.
However, how this plays out remains unclear.
We&#8217;ve seen Canada and Mexico come back to the table.
We&#8217;ve seen them walk away from the table again.
Then we have also seen Europe and China both kind of dig their heels in and say, no, we&#8217;re going to fight back on this.
What the implications of Donald Trump&#8217;s trade policy, and let&#8217;s be frank, trade war, are long-term is very much a major unknown.
Put it together with all of the layoffs and cuts and everything going on under DOGE (the Department of Government Efficiency), and you can see where businesses would be a little bit uncertain.
The Bell Curve of Outcomes There&#8217;s always been a bell curve of outcomes here. Now, if we go to the far left-hand side of the curve, that&#8217;s the negative outcome. Tariffs cause inflation. The combination of tariffs slowing global trade and all of the layoffs in the United States lead to economic weakening, and we get a period of stagflation.
That seems like a highly likely outcome at this point, but mild to moderate stagflation with some higher prices from tariffs and an economy that&#8217;s long overdue to be weaker. Will we see a recessionary stagflation like we saw in the 1970s? Most economists, among those whose opinions I respect a lot, don&#8217;t think so. They think that we&#8217;ll have mild to moderate impacts, both of which are probably past due.
The Fed will be put in a position where they have to respond, and we will probably see some lower interest rates out of it by the end of the year. Right now, all the models are saying two cuts. That&#8217;s up from no cuts, which was down from six cuts about six months ago. So how much faith we want to put in the reliability of those forecasts is an uncertain matter, shall we say.
Record-High Business Uncertainty The level of business uncertainty in the National Federation of Independent Businesses right now is the second highest it&#8217;s ever been.
The highest it ever was last summer when the election was still considered to be a toss-up.
But this isn&#8217;t the &nbsp;version of Donald Trump that Wall Street thought they were getting.
Donald Trump 2.0 does not keep score by the daily movements of the stock market the way he did in his first administration.
He came out and said markets go up and down. He&#8217;s concentrating on what he thinks is fixing the country&#8217;s trade policy.
That is going to involve a lot of disruption.
As a result, business owners who were highly confident in November and December are now looking around going, &#8221; I&#8217;m not quite so sure I want to invest money in my business. I don&#8217;t know if I want to expand. I don&#8217;t know if I want to borrow money or hire people.&#8221;
The uncertainty level is the second highest since the 1970s, and it&#8217;s rising. It&#8217;s catching up very, very quickly and may well surpass it before all this is over.
This is definitely a market of uncertainty because everything still applies to the stock market. Is this a bear market?
No, it&#8217;s not. We&#8217;re headed in that direction, but we&#8217;re not there yet. A bear market generally is twenty percent down from the highs. Could we get there?
Sure. It&#8217;s. You never rule anything out.
So far this has been an extremely quiet market pullback.
There&#8217;s not a lot of pain. People are still trying to buy the dip.
Retail&#8217;s pulling back a little bit, it looks like. So there is a building sense of caution and fear. We&#8217;ve even seen high-yield credit spreads begin to creep up, something they haven&#8217;t done in some time.
There is a little bit of fear coming in the market, but it&#8217;s not really widespread panic.
That&#8217;s very important to understand. We are headed into—we&#8217;re in a correction. We are not in a bear market. We&#8217;ll decide if we&#8217;re there when we get there and not a moment before. There&#8217;s nowhere near enough fear and panic.
There&#8217;s short-term measures like the CNN Fear and Greed Index that have shown some opportunities. But when you look at high-yield credit spreads, which are our ultimate measure, they have popped off the bottom in a manner that they have not done in some time, rising from 2.6 a month ago to over 3.2 today.
That&#8217;s about a fifty percent spike in high-yield credit spreads.
When we look at insiders, they&#8217;re not that active yet, particularly in the C-suite.
The CEO, the CFO, the chairman of the board, the chief operating officer, they&#8217;re not getting up and saying, &#8220;Wow, given everything that&#8217;s going on in our company, this business is incredibly cheap. We&#8217;re going to go out because we&#8217;re going to make four or five, six, seven times our money or more if we buy stock now. We&#8217;re going to get aggressive. We&#8217;re going to buy a lot of stock.&#8221;
We&#8217;re not there yet.
We&#8217;re nowhere near the insider buy-sell ratios that we would have seen in 2009, for instance, 2020, or other major market turning points.
Will we get there?
I think so.
I think eventually, if the market continues to move down, insiders are going to start to get active as businesses just get unsustainably cheap.
We are seeing some activity from insiders in REITs, which is fairly unusual except at major turning points.
REIT executives generally own some stock. They have lots of incentives in the form of stock and option grants. All too often in REITs, they have external management where it&#8217;s a management company that&#8217;s running the REIT, and they are not directly involved in the ownership of the real estate investment trust.
They&#8217;re getting paid a percentage fee on assets.
Those guys aren&#8217;t really looking to buy a lot of stock.
When we see C-suite executives start to move into real estate, we&#8217;re starting to get close to a pretty important turning place.
That&#8217;s consistent with what we&#8217;ve been seeing in the real estate markets for some time. If you look at the recent data over the last several months you had Blackstone&#8217;s John Gray coming out and saying, "This is it, the bottom&#8217;s in, it&#8217;s time to buy.
We had the guys at KKR saying, &#8220;This is a time to amp your risk level up higher in real estate and real estate-related debt.&#8221;
that&#8217;s two of the biggest buyers of real estate in the world turning bullish
We have seen three months of higher prices now.
We have seen transaction levels increasing pretty much across the board for real estate for the last three months. More importantly, we have seen default rates falling steadily for the last several months in every segment of the real estate market, including office.
One area where we&#8217;re starting to see some insider buying is hotels.
Leisure travel is starting to pick up. We are finally seeing better group and business travel as well.
Since the peak in 2022, when it became clear that that was a very short-term blip in the market, hotel assets have fallen by about ten percent in price, which is actually better than office, better than some segments of the warehouse market. On average, commercial real estate just declined twenty percent. So, hotels have actually done a little bit better than some other segments of the market.
Pebble Brook Hotel Trust (Ticker: PEB) We are starting to see some C-suite buying—CEOs and CFOs coming out and making open market purchases in a couple of real estate investment trusts. One is one of my favorites. Being up front, Pebble Brook Hotel Trust, we own the debt, we own some preferred, and we really like the common stock in here.
When we look at Pebble Brook, we&#8217;ve got a real estate investment trust that has forty-six hotels and resorts. They&#8217;re primarily looking to be in the lifestyle and high-end urban market.
We&#8217;re talking the Jekyll Island Club Resort, the Southernmost Hotel in Key West, along with The Marker down there in Key West.
Pebblebrook has a fifty-fifty business and leisure mix.
And right now, management estimates that the REIT trading at a fifty percent discount to the private market value of the hotels that they own.
Pebble Brook is currently trading at about $11 a share.
They estimate NAV at over $24 so less than fifty percent of value.
There is only a tiny dividend at the moment because they&#8217;ve just had to reinvest so much money back into the properties that they&#8217;re not showing the cash flow.
That will eventually come. When they do get a dividend return to this thing, the gains will be absolutely spectacular.
The urban part of their business in &nbsp;cities like Boston, San Diego, LA, DC, San Francisco, and Chicago has&nbsp; been the slowest to recover
There are &nbsp;a lot of good things going on with this particular hotel group.
You&#8217;re looking at management saying, &#8220;You know what? We love our business. We love the value of our properties. They&#8217;re stupid, ridiculous cheap.&#8221; As the urban market, the city market hotels continue to recover, that&#8217;s going to drive cash flow. The dividend will come back, and this stock will go from this current eleven-dollar area way back up much closer to that net asset value of twenty-five dollars a share.
We have seen the CEO out in the open market making large purchases of the stock. He&#8217;s committed to the idea that we are in the early stages of a turnaround, and fantastic things are coming for Pebble Brook Hotel Trust.
Diamond Rock Hospitality (Ticker: DRH) We&#8217;re also seeing some insider buying at Diamond Rock Hospitality, a REIT that I have owned before, and I&#8217;m thrilled to own again. Diamond Rock shares are currently trading at about seven dollars and ninety-five cents with projected dividend for this year of about 4.72 percent.
Iti is pretty much the same story.
Diamond Rock owns luxury, upscale hotels serving the upper end of the market.
They have 9,594 rooms with 36 properties in 26 different markets.&nbsp;
They&#8217;re in all the markets that you think that they would be in across the United States
They are growing cash flows. Occupancy levels are going up.
They use short-term management agreements with their property brands. That way they can be terminated at will.
It makes the hotels much more liquid.
When you look at the markets Diamond Rock is in, it is obvious there&#8217;s just not going to be a lot more hotels built.
The Florida Keys have sort of run out of land.
Vail, Colorado, same problem.
In Fort Lauderdale, you have to be on that coastal strip. You can&#8217;t be on the other side of that Intracoastal bridge or it&#8217;s just not a hot property. &nbsp;
In Destin, Florida it is the same thing. You got to be down on the beach. Lake Austin, there&#8217;s only so much land around the lake. Same in Lake Tahoe.
In Paradise Valley and Yellowstone, it&#8217;s tough to get anything built there these days.
Management&#8217;s looking around and saying, &#8220;Our stock is getting hit. It&#8217;s at a very low price. It&#8217;s trading at a fraction of what we think it would be worth in the private market. It&#8217;s time to step up and start adding to our position in the stock.&#8221;
Just last week, we saw the CEO go out into the market and make another purchase of shares, making a significant addition to his current holdings.
We expect to see more insider buying in REITs generally and hotels specifically if this market continues to move lower.
But for now, those are two that really jump out and stand out because insiders are saying enough is enough.
The stock is too cheap.
We&#8217;re going to buy some stock.
Remember, they&#8217;re not looking to make a few percentage points.
They&#8217;re looking to earn several multiples of the price of the stock as conditions continue to improve.

Alpha Buying: Why REIT Insiders Are Betting Big Amid Economic Uncertainty

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Compass Point analyst Floris Van Dijkum downgraded the rating for Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from Buy to Neutral. Pebblebrook Hotel shares closed at $12.11 on Friday. <a href="https://www.benzinga.com/quote/PEB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Compass Point analyst Floris Van Dijkum downgraded Host Hotels &amp; Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HST#NASDAQ">HST</a>) from Buy to Neutral and lowered the price target from $20 to $18. Host Hotels shares closed at $16.33 on Friday. <a href="https://www.benzinga.com/quote/HST/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Laurence Alexander downgraded The Sherwin-Williams Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) from Buy to Hold and lowered the price target from $423 to $380. Sherwin-Williams shares closed at $363.62 on Friday. <a href="https://www.benzinga.com/quote/SHW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Julian Mitchell downgraded Emerson Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) from Equal-Weight to Underweight and cut the price target from $135 to $110. Emerson Electric shares closed at $118.61 on Friday. <a href="https://www.benzinga.com/quote/EMR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Blaine Heck downgraded the rating for Kilroy Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRC#NYSE">KRC</a>) from Overweight to Equal-Weight and lowered the price target from $43 to $35. Kilroy Realty shares closed at $33.32 on Friday. <a href="https://www.benzinga.com/quote/KRC/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SHW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="577" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10083350/image-46-1024x577.png" alt="" class="wp-image-816551" style="width:589px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10083350/image-46-1024x577.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10083350/image-46-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10083350/image-46-768x433.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10083350/image-46.png 1122w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Downgrades

Pre-Market Outlook

Markets

Trading Ideas

This Sherwin-Williams Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

Compass Point analyst Floris Van Dijkum downgrades Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from Buy to Neutral.

Compass Point Downgrades Pebblebrook Hotel to Neutral

Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is looking for FY2025 FFO of $1.50-$1.62 vs $1.61 analyst estimate..

Pebblebrook Hotel Sees FY2025 FFO $1.50-$1.62 vs $1.61 Est

Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is looking for Q1 FFO of $0.09-$0.13 vs $0.15 analyst estimate..

Pebblebrook Hotel Sees Q1 FFO $0.09-$0.13 vs $0.15 Est

Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.12 by 66.67 percent. This is a 4.76 percent decrease over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $337.60 million which beat the analyst consensus estimate of $330.58 million by 2.12 percent. This is a 1.05 percent increase over sales of $334.09 million the same period last year.

Pebblebrook Hotel Q4 FFO $0.20 Beats $0.12 Estimate, Sales $337.60M Beat $330.58M Estimate

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GSX Techedu Inc. American Depositary Shares

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Earnings Scheduled For February 26, 2025

Wells Fargo analyst Dori Kesten maintains Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) with a Equal-Weight and lowers the price target from $16 to $13.

Wells Fargo Maintains Equal-Weight on Pebblebrook Hotel, Lowers Price Target to $13

In the latest quarter, 6 analysts provided ratings for Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>), showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Pebblebrook Hotel and provided 12-month price targets. The average target is $14.88, accompanied by a high estimate of $17.00 and a low estimate of $13.00. This current average reflects an increase of 2.06% from the previous average price target of $14.58. 
<img src="https://www.benzinga.com/files/images/story/2025/1738702859_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Pebblebrook Hotel. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gregory Miller</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$13.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$14.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.00</td>
<td>$14.75</td>
</tr>
<tr>
<td>Floris Van Dijkum</td>
<td>Compass Point</td>
<td>Maintains</td>
<td>Buy</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$14.25</td>
<td>$14.75</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Pebblebrook Hotel. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Pebblebrook Hotel compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Pebblebrook Hotel's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Pebblebrook Hotel's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PEB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Pebblebrook Hotel analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Pebblebrook Hotel Better</h2>
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 November 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.
<h3>Key Indicators: Pebblebrook Hotel's Financial Health</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Pebblebrook Hotel showcased positive performance, achieving a revenue growth rate of 2.21% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Net Margin: Pebblebrook Hotel's net margin excels beyond industry benchmarks, reaching 8.1%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Pebblebrook Hotel's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.19%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.57%, the company showcases effective utilization of assets.
Debt Management: Pebblebrook Hotel's debt-to-equity ratio is below the industry average at 0.92, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 6 Analyst Projections For Pebblebrook Hotel

Press Releases

Pebblebrook Hotel Trust Reports Third Quarter 2024 Results

Pebblebrook Hotel Trust Declares Dividends for Fourth Quarter 2024

Pebblebrook Hotel Trust Schedules Fourth Quarter 2024 Earnings Release and Conference Call

Pebblebrook Hotel Trust Announces the 13th Annual Pebby Award Nominations

Pebblebrook Hotel Trust Announces Tax Treatment of 2024 Dividends

Pebblebrook Hotel Trust Reports 2024 Results and Provides 2025 Outlook

Pebblebrook Hotel Trust Announces the 13th Annual Pebby Award Winners

Pebblebrook Hotel Trust Declares Dividends for First Quarter 2025

Pebblebrook Hotel Trust Schedules First Quarter 2025 Earnings Release and Conference Call

Pebblebrook Hotel Trust Reports First Quarter 2025 Results

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