Pebblebrook Hotel Trust (NYSE:PEB) Announces Earnings Results

by · The Markets Daily

Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) issued its earnings results on Wednesday. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.56, Zacks reports. The company had revenue of $407.14 million for the quarter, compared to analyst estimates of $400.05 million. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. Pebblebrook Hotel Trust updated its Q3 2026 guidance to 0.480-0.520 EPS and its FY 2026 guidance to 1.690-1.760 EPS.

Pebblebrook Hotel Trust Price Performance

Shares of PEB stock traded down $0.19 during trading hours on Wednesday, hitting $19.18. The company had a trading volume of 2,438,029 shares, compared to its average volume of 2,074,910. Pebblebrook Hotel Trust has a 12 month low of $9.30 and a 12 month high of $19.93. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -23.97, a PEG ratio of 1.34 and a beta of 1.39. The firm’s fifty day moving average is $17.93 and its 200 day moving average is $14.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pebblebrook Hotel Trust’s payout ratio is presently -5.00%.

Analysts Set New Price Targets

A number of analysts have weighed in on PEB shares. Morgan Stanley boosted their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Truist Financial increased their price objective on Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the company a “buy” rating in a report on Monday, June 29th. Wells Fargo & Company raised their price objective on Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. LADENBURG THALM/SH SH boosted their target price on Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.90.

Get Our Latest Analysis on PEB

Key Headlines Impacting Pebblebrook Hotel Trust

Here are the key news stories impacting Pebblebrook Hotel Trust this week:

  • Positive Sentiment: Second-quarter adjusted funds from operations (FFO) was $0.68 per diluted share, ahead of the $0.62 analyst estimate and up from $0.65 a year earlier. GAAP diluted EPS of $0.17 also exceeded the $0.12 consensus estimate. Pebblebrook Hotel Q2 FFO and Revenues Surpass Estimates
  • Positive Sentiment: Operating trends improved, with same-property revenue per available room (RevPAR) rising 6.5%, same-property total revenue increasing 4.8%, and same-property hotel EBITDA growing 7.1% to $123.3 million. Resorts and San Francisco were key contributors. Pebblebrook Hotel Trust Q2 Net Income Rises to $24.9 Million
  • Positive Sentiment: Management raised its full-year 2026 outlook, providing EPS guidance of $1.69-$1.76 versus the $1.60 consensus estimate. Full-year net income guidance was raised to a range spanning a $1.7 million loss to $6.3 million of income.
  • Positive Sentiment: The board authorized a new preferred-share repurchase program, potentially supporting per-share value and signaling confidence in the company’s capital position. Pebblebrook Hotel Trust Launches New Preferred Buyback Program
  • Neutral Sentiment: Quarterly revenue of $407.1 million was above the $400.1 million consensus estimate but essentially flat year over year. Net income increased to $24.9 million from $19.3 million.
  • Negative Sentiment: Third-quarter 2026 EPS guidance of $0.48-$0.52 has a midpoint of $0.50, only modestly above the $0.49 consensus but below the upside implied by the full-year guidance. Investors may also remain cautious because profitability metrics, including net margin and return on equity, remain negative.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently made changes to their positions in PEB. Alyeska Investment Group L.P. raised its position in Pebblebrook Hotel Trust by 11.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,964,179 shares of the real estate investment trust’s stock valued at $78,835,000 after purchasing an additional 695,277 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Pebblebrook Hotel Trust by 13.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,180,800 shares of the real estate investment trust’s stock valued at $69,969,000 after buying an additional 711,042 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Pebblebrook Hotel Trust by 46.1% in the fourth quarter. Millennium Management LLC now owns 3,158,256 shares of the real estate investment trust’s stock valued at $35,751,000 after buying an additional 997,119 shares during the last quarter. Woodline Partners LP lifted its position in Pebblebrook Hotel Trust by 114.6% during the 3rd quarter. Woodline Partners LP now owns 3,150,890 shares of the real estate investment trust’s stock worth $35,889,000 after buying an additional 1,682,855 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Pebblebrook Hotel Trust by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 3,033,952 shares of the real estate investment trust’s stock worth $34,350,000 after acquiring an additional 177,466 shares during the last quarter.

About Pebblebrook Hotel Trust

(Get Free Report)

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.

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