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Pebblebrook Hotel
(NYSE:PEB)
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Rating:68Neutral
Price Target:
$21.00
â–²(10.01% Upside)
Action:Downgraded
Date:07/31/26
Overall score reflects strong recent operating momentum and upgraded guidance from the latest earnings call, supported by a positive multi-timeframe price trend. Offsetting these positives are weaker underlying financial quality—persistent net losses and negative ROE—plus a valuation picture complicated by a negative P/E despite the high dividend yield.
Positive Factors
Consistent Operating Cash Flow
Pebblebrook’s stable, positive operating cash flow across multiple years provides a durable liquidity foundation that supports distributions, renovations and debt service even while accounting earnings are negative. Reliable hotel-level cash generation reduces refinancing risk and underpins capital allocation flexibility over the next several quarters.
Negative Factors
Persistent Net Losses & Negative ROE
Despite operating EBITDA, recurring net losses and negative ROE reflect heavy non‑operating charges—interest, depreciation and preferred costs—that erode shareholder returns. Over a multi‑month horizon this limits retained earnings, constrains equity returns and makes restoring positive ROE dependent on sustained margin gains or further capital structure changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Operating Cash Flow
Pebblebrook’s stable, positive operating cash flow across multiple years provides a durable liquidity foundation that supports distributions, renovations and debt service even while accounting earnings are negative. Reliable hotel-level cash generation reduces refinancing risk and underpins capital allocation flexibility over the next several quarters.
Read all positive factors
Pebblebrook Hotel (PEB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.16B
Dividend Yield0.21%
Average Volume (3M)1.92M
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth2.08%
EPS Growth-25.62%
CountryUS
Employees52
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)-0.67
Shares Outstanding112,842,710
10 Day Avg. Volume2,199,893
30 Day Avg. Volume1,920,105
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.54
Price to Sales (P/S)0.90
P/FCF Ratio8.70
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$18.10Price Target Upside-5.16% Downside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)-0.32
Revenue Forecast (FY)$1.48B
Pebblebrook Hotel Business Overview & Revenue Model
Company Description
Pebblebrook Hotel Trust, identified by its NYSE ticker PEB, operates as a publicly listed real estate investment trust (REIT) and stands as the foremost proprietor of urban and resort lifestyle hotels throughout the United States. Its substantial ...
How the Company Makes Money
Pebblebrook Hotel Trust makes money primarily by earning hotel-level operating revenues from its owned properties and converting those revenues into net operating income, which ultimately supports cash flow available for distribution to shareholde...
Pebblebrook Hotel Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution, material beat versus guidance, significant resort and key market recoveries (notably San Francisco), disciplined capital allocation and upgraded full-year guidance. Offsetting these positives were urban-market volatility (San Diego, Washington, D.C.), softer group/banquet revenues in select cities, modest net benefit from event-driven demand (World Cup), and ongoing macro/geopolitical uncertainties. On balance, the company showcased meaningful margin expansion, cash flow improvement and balance sheet progress while acknowledging localized challenges and external risks.Positive Updates
Outperformance vs. Guidance
Exceeded the high end of outlook across every key earnings metric for the second consecutive quarter: same-property hotel EBITDA $123.3M (+7.1%, $6.6M above high end), adjusted EBITDA $116.2M ($6.2M above high end) and adjusted FFO per diluted share $0.68 (+$0.06 above high end).
Negative Updates
Weakness in Select Urban Markets
Downtown San Diego RevPAR -9.1% (difficult citywide comp); Washington, D.C. RevPAR -9.9% amid weak government-related travel and property leadership transitions. Overall urban total RevPAR only +0.8% and urban hotel EBITDA declined ~1%.
Read all updates
Q2-2026 Updates
Positive
Negative
Outperformance vs. Guidance
Exceeded the high end of outlook across every key earnings metric for the second consecutive quarter: same-property hotel EBITDA $123.3M (+7.1%, $6.6M above high end), adjusted EBITDA $116.2M ($6.2M above high end) and adjusted FFO per diluted share $0.68 (+$0.06 above high end).
Read all positive updates
Company Guidance
Management raised its outlook and gave specific near‑term and full‑year guidance: industry RevPAR is now pegged at 3.5%–4.5%; Q3 same‑property RevPAR guidance is 1%–3% with same‑property hotel EBITDA of $100.5M–$104.5M, adjusted EBITDA of $92.5M–$96.5M and adjusted FFO per diluted share of $0.48–$0.52 (July RevPAR was pacing +7%–8% through July 25); for the full year they raised same‑property RevPAR to 4.5%–5.5%, same‑property EBITDA growth to 8.2%–10.5% (midpoint 9.3%) and adjusted FFO to $1.69–$1.76 per diluted share (with a similar increase to free cash flow); management noted room revenues were pacing +5.5% ($10.7M) as of June 30 (≈80% transient / 20% group) and that, if second‑half pickup matches last year, H2 RevPAR would be roughly +2.4%.Pebblebrook Hotel Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
52
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.50B | 1.48B | 1.45B | 1.42B | 1.39B | 733.04M |
| Gross Profit | 270.43M | -98.73M | 366.12M | 354.27M | 382.28M | 124.79M |
| EBITDA | 286.02M | 275.05M | 306.40M | 274.58M | 238.40M | 124.83M |
| Net Income | -46.62M | -65.81M | -4.24M | -78.02M | -87.17M | -184.86M |
Balance Sheet | ||||||
| Total Assets | 5.28B | 5.35B | 5.69B | 5.82B | 6.13B | 6.26B |
| Cash, Cash Equivalents and Short-Term Investments | 261.01M | 184.19M | 206.65M | 183.75M | 41.04M | 58.52M |
| Total Debt | 2.46B | 2.46B | 2.57B | 2.64B | 2.71B | 2.76B |
| Total Liabilities | 2.77B | 2.79B | 2.91B | 2.97B | 3.05B | 3.10B |
| Stockholders Equity | 2.42B | 2.47B | 2.70B | 2.76B | 3.00B | 3.16B |
Cash Flow | ||||||
| Free Cash Flow | 252.57M | 152.33M | 275.00M | 236.20M | 162.00M | -13.06M |
| Operating Cash Flow | 279.22M | 249.73M | 275.00M | 236.20M | 278.75M | 70.77M |
| Investing Cash Flow | 52.45M | 10.32M | -92.83M | 142.02M | -109.39M | -81.57M |
| Financing Cash Flow | -328.39M | -281.44M | -158.22M | -236.85M | -209.34M | -33.25M |
Pebblebrook Hotel Technical Analysis
Positive
19.09
Price Trends
18.02
Positive
15.73
Positive
13.66
Positive
Market Momentum
0.34
Positive
58.41
Neutral
45.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PEB, the sentiment is Positive. The current price of 19.09 is above the 20-day moving average (MA) of 18.89, above the 50-day MA of 18.02, and above the 200-day MA of 13.66, indicating a bullish trend. The MACD of 0.34 indicates Positive momentum. The RSI at 58.41 is Neutral, neither overbought nor oversold. The STOCH value of 45.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PEB.
Pebblebrook Hotel Risk Analysis
Pebblebrook Hotel disclosed 75 risk factors in its most recent earnings report. Pebblebrook Hotel reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Pebblebrook Hotel Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $2.72B | 18.12 | 10.27% | 3.27% | 1.03% | 159.56% | |
71 Outperform | $3.90B | 22.62 | 5.43% | 5.72% | -0.51% | -8.63% | |
68 Neutral | $2.16B | -28.51 | -2.01% | 0.21% | 2.08% | -25.62% | |
67 Neutral | $1.87B | -1,189.32 | 1.14% | 4.86% | -0.83% | -103.51% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $2.19B | 83.36 | 1.94% | 3.07% | 6.83% | 23.48% | |
63 Neutral | $1.90B | -275.13 | -0.62% | 2.61% | 1.65% | -112.43% |
* Real Estate Sector Average
PEB
Pebblebrook Hotel
19.13
9.30
94.63%
DRH
Diamondrock
13.30
5.91
80.05%
SHO
Sunstone Hotel
11.61
3.16
37.41%
RLJ
RLJ Lodging
12.43
5.55
80.75%
XHR
Xenia Hotels & Resorts
20.44
8.14
66.21%
APLE
Apple Hospitality REIT
16.55
5.68
52.24%
Pebblebrook Hotel Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
Pebblebrook Hotel Trust Launches New Preferred Buyback Program
Positive
Jul 29, 2026
On July 24, 2026, Pebblebrook Hotel Trust’s board authorized a new preferred share repurchase program of up to $50 million, to begin once the existing $100 million program from February 2023 is completed, with $45.6 million still available. ...
Dividends
Pebblebrook Hotel Trust Declares Quarterly Cash Dividends
Positive
Jun 15, 2026
Pebblebrook Hotel Trust, a U.S. lodging-focused REIT and the largest owner of urban and resort lifestyle hotels in the country, controls 43 properties totaling roughly 10,900 rooms across 13 markets. Its portfolio is concentrated in high-demand ur...
Business Operations and StrategyFinancial Disclosures
Pebblebrook Hotel Trust Schedules Second-Quarter Results Release
Neutral
Jun 9, 2026
Pebblebrook Hotel Trust announced on June 9, 2026, that it will release its financial and operating results for the quarter ended June 30, 2026, after the market closes on July 29, 2026. The company will follow this with a quarterly earnings confe...
Executive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Pebblebrook Hotel Trust Enhances Shareholder Governance Rights
Positive
Jun 2, 2026
Pebblebrook Hotel Trust, a lodging-focused REIT, reported that long-serving trustee Ron E. Jackson retired from its board effective at the May 29, 2026 annual meeting of shareholders, after which the board was reduced to seven members. At the same...
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
Pebblebrook Hotel Trust Sells Chamberlain West Hollywood Asset
Positive
May 28, 2026
Pebblebrook Hotel Trust announced that on May 27, 2026, it completed the $43.5 million sale of the 115-room Chamberlain West Hollywood Hotel in Los Angeles to a third party, following a year in which the property generated $3.0 million in EBITDA a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.