Professional
Added to YB: 2025-01-09
Pitch date: 2025-01-03
PEB [bullish]
Pebblebrook Hotel Trust
-16.27%
current return
Author Info
No bio for this author
Company Info
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels and resorts in the United States.
Market Cap
$1.3B
Pitch Price
$13.47
Price Target
23.50 (+108%)
Dividend
0.36%
EV/EBITDA
11.23
P/E
-9.35
EV/Sales
2.56
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)