BMO Capital analyst Ari Klein maintained a Hold rating on Pebblebrook Hotel today and set a price target of $12.00.
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Ari Klein has given his Hold rating due to a combination of factors impacting Pebblebrook Hotel’s performance. The company reported in-line EBITDA and a slight FFO upside, which indicates effective expense management despite challenges in revenue per available room (RevPAR). While there are positive developments in San Francisco’s market, other areas like Washington DC and Los Angeles are facing difficulties, creating a mixed market dynamic.
Looking ahead, the outlook for 2026 appears promising with events such as the World Cup and Super Bowl expected to boost demand. However, the guidance for the fourth quarter was weaker, primarily due to anticipated impacts from a government shutdown and uneven lodging demand trends. Despite these challenges, Pebblebrook’s ability to control expenses and achieve non-room revenue growth suggests a balanced but cautious approach, justifying the Hold rating.
In another report released on October 31, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $11.00 price target.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PEB in relation to earlier this year.