Professional
Added to YB: 2025-01-09
Pitch date: 2025-01-03
PEB [bullish]
Pebblebrook Hotel Trust
+44.17%
current return
Author Info
No bio for this author
Company Info
Pebblebrook Hotel Trust is a publicly traded real estate investment trust and the largest owner of urban and resort lifestyle hotels in the United States.
Market Cap
$2.1B
Pitch Price
$13.43
Price Target
23.50 (+21%)
Dividend
0.22%
EV/EBITDA
12.48
P/E
-26.71
EV/Sales
2.91
Sector
Hotel and Resort REITs
Category
value
Pebblebrook Hotel Trust: REIT Sector Implied Cap Rates Have Risen More than Private Commercial Real Estate Cap Rates
PEB: Upper upscale hotel REIT with 46 properties. Merger with LaSalle doubled size, improved efficiency. Strong leisure recovery post-COVID. Headwinds: supply growth, OTAs, Airbnb. No moat due to low barriers, price sensitivity. FV $23.50, 6.5% cap rate. Exemplary capital allocation. Experienced management team.
Read full article (11 min)