Ultime notizie per Pebblebrook Hotel (NYSE:PEB) Azioni

Pebblebrook Hotel

Pebblebrook Hotel Trust currently owns upper upscale and luxury hotels with 11,924 rooms across 46 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 US hotels, in November 2018, though management has sold many of those hotels over the past few years. Pebblebrook's portfolio consists mostly of independent hotels with no brand affiliations, though the combined company does own and operate some hotels under Marriott, Starwood, InterContinental, Hilton, and Hyatt brands.

Pebblebrook Hotel Trust

Pebblebrook Hotel Trust Common Shares of Beneficial Interest

PENN BANCSHARES INC by Penn Bancshares, Inc.

Penn Bancshares Inc

Pebble Group PLC

PEOPLES BANCORP INC MD by Peoples Bancorp Inc.

Peoples Bancorp Inc

Peoples Bancorp of North Carolina, Inc. - Common Stock

Peoples Bancorp of North Carolina Inc

Peoples Bancorp Inc (Marietta OH)

Pebblebrook Hotel Trust 6.375% Series E Cumulative Redeemable Preferred Shares of Beneficial Interest

Pebblebrook Hotel Trust 6.3% Series F Cumulative Redeemable Preferred Shares of Beneficial Interest

Pebblebrook Hotel Trust 6.375% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest

Pebblebrook Hotel Trust 5.700% Series H Cumulative Redeemable Preferred Shares of Beneficial Interest

Stifel analyst Simon Yarmak upgrades Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from Hold to Buy and raises the price target from $14.75 to $15.

News

Upgrades

Price Target

Analyst Ratings

Stifel Upgrades Pebblebrook Hotel to Buy, Raises Price Target to $15

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>Morgan Stanley analyst James Faucette upgraded the rating for EVERTEC, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) from Underweight to Equal-Weight and raised the price target from $33 to $35. Evertec shares closed at $34.84 on Wednesday. <a href="https://www.benzinga.com/quote/EVTC/analyst-ratings">See how other analysts view this stock.</a></li>
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<li>Compass Point analyst Floris Van Dijkum upgraded Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from Neutral to Buy and maintained the price target of $17. Pebblebrook Hotel shares closed at $12.37 on Wednesday. <a href="https://www.benzinga.com/quote/PPEB/analyst-ratings">See how other analysts view this stock.</a></li>
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Analysts' ratings for Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $14.5, with a high estimate of $17.00 and a low estimate of $13.00. A 6.45% drop is evident in the current average compared to the previous average price target of $15.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1732201232_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Pebblebrook Hotel. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Floris Van Dijkum</td>
<td>Compass Point</td>
<td>Maintains</td>
<td>Buy</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Michael Bellisario</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Gregory Miller</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$14.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$13.00</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Pebblebrook Hotel. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Pebblebrook Hotel compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Pebblebrook Hotel's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Pebblebrook Hotel's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PEB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Pebblebrook Hotel analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Pebblebrook Hotel: A Closer Look</h2>
Pebblebrook Hotel Trust currently owns upper upscale and luxury hotels with 11,924 rooms across 46 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 US hotels, in November 2018, though management has sold many of those hotels over the past few years. Pebblebrook's portfolio consists mostly of independent hotels with no brand affiliations, though the combined company does own and operate some hotels under Marriott, Starwood, InterContinental, Hilton, and Hyatt brands.
<h3>Pebblebrook Hotel: A Financial Overview</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Pebblebrook Hotel displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 2.21%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Pebblebrook Hotel's net margin excels beyond industry benchmarks, reaching 8.1%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.19%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Pebblebrook Hotel's ROA excels beyond industry benchmarks, reaching 0.57%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.92, Pebblebrook Hotel adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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Decoding 4 Analyst Evaluations For Pebblebrook Hotel

Compass Point analyst Floris Van Dijkum upgrades Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from Neutral to Buy and maintains the price target from $17 to $17.

Compass Point Upgrades Pebblebrook Hotel to Buy, Maintains Price Target to $17

Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.52 by 13.46 percent. The company reported quarterly sales of $404.530 million which beat the analyst consensus estimate of $400.423 million by 1.03 percent. This is a 2.21 percent increase over sales of $395.799 million the same period last year.

Earnings

Earnings Beats

Pebblebrook Hotel Q3 2024 FFO $0.59 Beats $0.52 Estimate, Sales $404.530M Beat $400.423M Estimate

Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) lowers FY2024 FFO guidance from $1.59-1.67 to $1.57-1.60 vs $1.61 analyst estimate..

Guidance

Pebblebrook Hotel Lowers FY2024 FFO Guidance from $1.59-1.67 to $1.57-1.60 vs $1.61 Est

Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is looking for Q4 FFO of $0.08-0.11 vs $0.19 analyst estimate..

Pebblebrook Hotel Sees Q4 FFO $0.08-0.11 vs $0.19 Est

Baird analyst Michael Bellisario maintains Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) with a Neutral and lowers the price target from $15 to $14.

Baird Maintains Neutral on Pebblebrook Hotel, Lowers Price Target to $14

Currently, the estimated impact to the Company's operating performance from the named storms during the third and fourth quarters of 2024 is expected to be as follows:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q3 2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q4 2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Full Year 2024</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="5" rowspan="1">$ in millions, except for RevPAR and per share data</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Income (Loss)(1)</td>
<td colspan="1" rowspan="1">($1.5)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($10.0)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($11.5)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Same-Property RevPAR variance vs. 2023(2)</td>
<td colspan="1" rowspan="1">(25 bps)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(100 bps)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(30 bps)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Same-Property Total Revenue(2)</td>
<td colspan="1" rowspan="1">($1.2)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($3.0)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($4.2)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Same-Property Hotel EBITDA(2)</td>
<td colspan="1" rowspan="1">($1.2)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($2.5)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($3.7)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDAre(1)</td>
<td colspan="1" rowspan="1">($1.5)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($10.0)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($11.5)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted FFO(1)</td>
<td colspan="1" rowspan="1">($1.5)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($10.0)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($11.5)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted FFO per share(1)</td>
<td colspan="1" rowspan="1">($0.01)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($0.08)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($0.10)</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">(1)</td>
<td colspan="1" rowspan="1">No reconciliations from Net income (loss) to non-GAAP financial measures, including Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA"), EBITDA for Real Estate ("EBITDAre"), Adjusted EBITDAre, Funds from Operations ("FFO"), FFO per diluted share, Adjusted FFO and Adjusted FFO per diluted share, are provided in this press release because, in each case, there are no adjustments to be made.</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(2)</td>
<td colspan="1" rowspan="1">The Company's Same-Property reporting includes information for all the hotels the Company owned as of October 30, 2024, except for LaPlaya Beach Resort &amp; Club (excluded from all quarters) and Newport Harbor Island Resort (excluded from Q1, Q2, Q4).</td>
</tr>
</tbody>
</table>
</figure>
These figures represent Pebblebrook's best estimates at this time. The Company will continue to evaluate the storms' impact and provide additional updates in the future as appropriate.

Pebblebrook Hotel Trust Sees Q3 2024 AFFO $(0.01); Q4 2024 AFFO $(0.08); FY24 AFFO $(0.10)

Currently, the estimated impact to the Company's operating performance from the named storms during the third and fourth quarters of 2024 is expected to be as follows:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q3 2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q4 2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Full Year 2024</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="5" rowspan="1">$ in millions, except for RevPAR and per share data</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Income (Loss)</td>
<td colspan="1" rowspan="1">($1.5)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($10.0)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($11.5)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Same-Property RevPAR variance vs. 2023(2)</td>
<td colspan="1" rowspan="1">(25 bps)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(100 bps)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(30 bps)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Same-Property Total Revenue</td>
<td colspan="1" rowspan="1">($1.2)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($3.0)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($4.2)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Same-Property Hotel EBITDA</td>
<td colspan="1" rowspan="1">($1.2)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($2.5)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($3.7)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDAre</td>
<td colspan="1" rowspan="1">($1.5)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($10.0)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($11.5)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted FFO</td>
<td colspan="1" rowspan="1">($1.5)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($10.0)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($11.5)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted FFO per share</td>
<td colspan="1" rowspan="1">($0.01)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($0.08)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($0.10)</td>
</tr>
</tbody>
</table>
</figure>

Pebblebrook Hotel Trust Expects Negative Impact From Hurricane Milton And Other Recent Named Storms On Its Properties

Truist Securities analyst Gregory Miller maintains Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) with a Hold and lowers the price target from $15 to $14.

Truist Securities Maintains Hold on Pebblebrook Hotel, Lowers Price Target to $14

Hurricane Helene&#8217;s devastation claimed the lives of more than 130 people and left nearly 800,000 without power, according to the latest figures. The storm, which <a href="https://www.benzinga.com/news/24/09/41073069/hurricane-helene-update-28-dead-power-outages-insurance-damages-and-more">made landfall on September 26</a>, tore through the Florida Panhandle, Georgia and North and South Carolina.
New Developments: Bloomberg <a href="https://www.bloomberg.com/en/news/thp/2024-10-01/biden-plans-survey-of-devastation-in-north-carolina-as-helene-s-death-toll-tops-130">reported</a> that the Hurricane Helene death toll reached 139 on Tuesday.
Duke Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), the largest utility provider in North Carolina and South Carolina, reported over two million customers experienced an electricity outage. On Monday, the Charlotte-based provider announced it had restored power to 1,350,000 customers without power.
About 443,000 customers in South Carolina remained without power; a slightly smaller 346,000 customers in North Carolina are still experiencing outages. Duke Energy expects to restore most remaining outages by Friday night, though it noted that it will be more difficult in inaccessible areas.
Even though the process of estimating the storm's insurance losses is ongoing, insurers likely will face comparatively less exposure to Hurricane Helene than initially thought. <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-09-30-2024/card/insurers-likely-won-t-feel-the-full-force-of-hurricane-helene-QKMNmp4CoGGEQXUuJq18?mod=Searchresults_pos12&amp;page=1">According</a> to the Wall Street Journal, citing industry sources, reinsurers will not face catastrophic losses.
The total economic loss — including the uninsured damage incurred — is projected to be much graver. Moody's Analytics estimated the economic damage from the hurricane to be between $20 billion to $34 billion.
American International Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), Axa SA ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AXAHY#OTC">AXAHY</a>), Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) and Allstate Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) are among the largest flood insurers in North Carolina, <a href="https://www.wral.com/story/homeowners-insurance-doesn-t-cover-floods-how-to-protect-your-home-in-north-carolina/21370970/">according</a> to WRAL News.
REITs Report Limited Damage: Several REITs with properties in Florida, Georgia and the Carolinas reported little to no damage following the storm.
In a Tuesday press release, Sun Communities, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUI#NYSE">SUI</a>) reported no material building or structure damage due to the hurricane. The company operates communities in several affected states. NexPoint Residential Trust, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NXRT#NYSE">NXRT</a>) and Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) issued similar statements.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41105907/hurricane-helene-shutters-baxter-internationals-key-manufacturing-hub-in-north-caro">Hurricane Helene Shutters Baxter International&#8217;s Key Manufacturing Hub In North Carolina</a></li>
</ul>
Photo: Courtesy Florida Fish &amp; Wildlife via <a href="https://www.flickr.com/photos/myfwcmedia/">Flickr</a> Creative Commons

REIT

Insurance

AXAHY

NXRT

Hurricane Helene Devastation: The Latest On Damage, Companies Affected

Pebblebrook Hotel Trust Reports Impact Of Hurricane Helene; Expects Repair And Remediation Costs Net Of Insurance Payments Not To Be Material

Pebblebrook Hotel Trust Prices Private Placement Of $400M Of 6.375% Senior Notes Due 2029

RepaymenrtPebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) (the "Company") today announced that its operating partnership, Pebblebrook Hotel, L.P. (the "Operating Partnership"), and a wholly owned subsidiary of the Operating Partnership, PEB Finance Corp.(together with the Operating Partnership, the "Issuers"), intend to offer, in a private placement, subject to market conditions and other factors, $350 million aggregate principal amount of senior notes due 2029 (the "Notes"). The Notes will be senior unsecured obligations of the Issuers and will initially be fully and unconditionally guaranteed by the Company and the Operating Partnership's subsidiaries that guarantee the existing credit facilities of the Operating Partnership. The Operating Partnership intends to use the net proceeds from the offering as follows: (i) with at least $253.0 million, to pay down in whole or in part one or more of the Operating Partnership's unsecured term loans and (ii) with the balance, which may be up to $87.4 million, to pay down part of one or more of the Operating Partnership's other unsecured term loans and/or repurchase a portion of the convertible senior notes of the Company.
&nbsp;

Offerings

Pebblebrook Hotel Trust To Raise $350M Via Proposed Offering of Senior Notes For Debt Repayment

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our<a href="http://benzinga.com/analyst-stock-ratings"> analyst ratings page</a>.
<ul>
<li>Wells Fargo cut the price target for Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from $15 to $13. Wells Fargo analyst Dori Kesten maintained an Equal-Weight rating. Pebblebrook Hotel Trust shares rose 1.5% to trade at $12.98 on Friday. S<a href="https://www.benzinga.com/quote/PEB/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>TD Cowen cut the price target for Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) from $70 to $60. TD Cowen analyst Tyler Van Buren maintained a Hold rating. Moderna shares fell 4.9% to trade at $66.25 on Friday. <a href="https://www.benzinga.com/quote/mrna/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities cut Zimmer Biomet Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZBH#NYSE">ZBH</a>) price target from $117 to $112. Truist Securities analyst Richard Newitter reiterated a Hold rating. Zimmer Biomet shares gained 1.8% to trade at $107.06 on Friday. <a href="https://www.benzinga.com/quote/zbh/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim raised Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) price target from $185 to $200. Guggenheim analyst John Difucci maintained a Buy rating. Oracle shares rose 1% to trade at $162.87 on Friday. <a href="https://www.benzinga.com/quote/orcl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs raised the price target for TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) from $53 to $60. Goldman Sachs analyst Alexander Blostein maintained a Buy rating. TPG shares gained 3% to close at $55.55 on Friday. S<a href="https://www.benzinga.com/quote/tpg/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>UBS boosted CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) price target from $53 to $54. UBS analyst Michael Goldsmith downgraded the stock from Buy to Neutral. CubeSmart shares fell 0.2% to trade at $53.81 on Friday. <a href="https://www.benzinga.com/quote/cube/analyst-ratings">See how other analysts view this stoc</a>k.</li>
<li>Stifel cut Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) price target from $121 to $103. Stifel analyst Steve Wieczynski maintained a Buy rating. Wynn Resorts shares rose 3.6% to trade at $79.07 on Friday. <a href="https://www.benzinga.com/quote/wynn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup cut the price target for Nabors Industries Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) from $110 to $75. Citigroup analyst Scott Gruber downgraded the stock from Buy to Neutral. Nabors Industries shares rose 0.5% to trade at $65.41 on Friday. <a href="https://www.benzinga.com/quote/nbr/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays slashed Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) price target from $181 to $133. Barclays analyst George Wang downgraded the stock from Equal-Weight to Underweight. Garmin shares fell 6.2% to trade at $170.74 on Friday. <a href="https://www.benzinga.com/quote/grmn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group raised The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) price target from $62 to $63. Evercore ISI Group analyst Michael Montani maintained an Outperform rating. Kroger shares rose 1.1% to trade at $55.81 on Friday. <a href="https://www.benzinga.com/quote/kr/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Read More:
<ul>
<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40853112/ionq-is-losing-too-much-money-while-this-tech-stock-is-real-deal-jim-cramer">IonQ Is Losing &#8216;Too Much Money&#8217; While This Tech Stock Is &#8216;Real Deal&#8217;: Jim Cramer</a></li>
</ul>

CUBE

GRMN

MRNA

ORCL

WYNN

Oracle To Rally Around 23%? Here Are 10 Top Analyst Forecasts For Friday

Wells Fargo analyst Dori Kesten maintains Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) with a Equal-Weight and lowers the price target from $15 to $13.

Wells Fargo Maintains Equal-Weight on Pebblebrook Hotel, Lowers Price Target to $13

Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions </a>platform.
<h3 class="wp-block-heading">Appian</h3>
<ul>
<li>The Trade: Appian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) 10% owner Colin T. Moran <a href="https://www.benzinga.com/quote/APPN/analyst-ratings">acquired a total of 437,187 shares </a> at an average price of $29.04. To acquire these shares, it cost around $12.8 million.</li>
<li>What's Happening: On Aug. 1, Appian posted upbeat quarterly results.</li>
<li>What Appian Does: Appian is a low-code enterprise platform-as-a-service company focusing on business process management.</li>
</ul>
<h3 class="wp-block-heading">Pebblebrook Hotel Trust</h3>
<ul>
<li>The Trade: Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) Chairman and CEO Jon E Bortz acquired a total of 30,000 shares at an average price of $12.24. To acquire these shares, it cost around $367,340.</li>
<li>What's Happening: On July 24, Pebblebrook Hotel posted upbeat quarterly earnings.</li>
<li>What Pebblebrook Hotel Trust Does: Pebblebrook Hotel Trust currently owns upper upscale and luxury hotels with 11,924 rooms across 46 hotels in the United States.</li>
</ul>
<h3 class="wp-block-heading">Warby Parker</h3>
<ul>
<li>The Trade: Warby Parker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) Director Bradley E Singer <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 75,000 shares</a> at an average price of $12.88. To acquire these shares, it cost around $965,750.</li>
<li>What's Happening: On Aug. 8, Warby Parker reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance.</li>
<li>What Warby Parker Does: Warby Parker Inc is engaged in designing and developing designer prescription glasses and contacts, and providing the facility of eye exams and vision tests.</li>
</ul>
<h3 class="wp-block-heading">Bassett Furniture Industries</h3>
<ul>
<li>The Trade: Bassett Furniture Industries, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) Chairman and CEO Robert H Spilman Jr <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,700 shares</a> at an average price of $12.74. The insider spent around $21,656 to buy those shares.</li>
<li>What's Happening: On July 10, Bassett Furniture posted weak quarterly results.</li>
<li>What Bassett Furniture Industries Does: Bassett Furniture Industries Inc is a manufacturer, marketer, and retailer of home furnishings products in the United States.</li>
</ul>
Check This Out:
<ul>
<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40368892/jim-cramer-avoid-middle-market-plays-like-golub-capital-buy-mueller-industries-it-is-fan">Jim Cramer: &#8216;Avoid Middle Market Plays&#8217; Like Golub Capital, Buy Mueller Industries — &#8216;It Is Fantastic&#8217;</a></li>
</ul>

Long Ideas

Insider Trades

Pre-Market Outlook

APPN

BSET

WRBY

Around $13M Bet On Appian? Check Out These 3 Stocks Insiders Are Buying

Pebblebrook Hotel Sees FY24 Adj. FFO $1.59-$1.70 Vs $1.60 Est.

Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.61 by 13.11 percent. This is a 11.29 percent increase over earnings of $0.62 per share from the same period last year. The company reported quarterly sales of $397.110 million which beat the analyst consensus estimate of $396.421 million by 0.17 percent. This is a 3.32 percent increase over sales of $384.343 million the same period last year.

Pebblebrook Hotel Q2 2024 FFO $0.69 Beats $0.61 Estimate, Sales $397.110M Beat $396.421M Estimate

A Decisive Realignment

In a report released on November 7, Michael Bellisario from Robert W. Baird maintained a Hold rating on Pebblebrook Hotel (PEB – Research Report), ...

Pebblebrook Hotel: Balancing Strong Q3 Earnings with Q4 Disruptions and Strategic Capital Management

Evercore ISI lowered the firm's price target on Pebblebrook Hotel (PEB) to $16 from $17 and keeps an In Line rating on the shares. The firm is upda...

Pebblebrook Hotel price target lowered to $16 from $17 at Evercore ISI

Compass Point upgraded Pebblebrook Hotel (PEB) to Buy from Neutral with an unchanged price target of $17. Published first on TheFly – the ultimate ...

Pebblebrook Hotel upgraded to Buy from Neutral at Compass Point

Compass Point analyst Floris van Dijkum upgraded Pebblebrook Hotel (PEB) to Buy from Neutral with an unchanged price target of $17. The firm is mak...

Pebblebrook Hotel upgraded to Buy at Compass Point following underperformance

Pebblebrook Hotel Trust upgraded at Compass Point on adjusted EBITDA growth

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

Ulta Beauty downgraded, Palo Alto upgraded: Wall Street's top analyst calls

Pebblebrook Hotel (PEB – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst Simon Yarmak f...

Pebblebrook Hotel Trust: A Compelling Buy Amid Market Discounts and Strategic Growth Opportunities

Stifel upgraded Pebblebrook Hotel (PEB) to Buy from Hold with a price target of $15, up from $14.74. Certain West Coast markets have struggled in 2...

Pebblebrook Hotel upgraded to Buy from Hold at Stifel

Stifel upgrades Pebblebrook Hotel Trust, downgrades DiamondRock Hospitality

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Press Releases

Pebblebrook Hotel Trust Declares Dividends for Third Quarter 2024

Pebblebrook Hotel Trust Provides Operating Update

Pebblebrook Hotel Trust Announces Proposed Offering of Senior Notes

Pebblebrook Hotel Trust Announces Pricing of $400 Million of 6.375% Senior Notes Due 2029

Pebblebrook Hotel Trust Provides Update on Impact of Hurricane Helene

Pebblebrook Hotel Trust Publishes Sixth Annual Corporate Sustainability Report

Pebblebrook Hotel Trust Announces Closing of Private Placement of $400 Million of 6.375% Senior Notes Due 2029

Pebblebrook Hotel Trust Provides Update on Impact of Hurricane Milton and Other Named Storms

Pebblebrook Hotel Trust Extends $787 Million in Debt Maturities, Enhancing Financial Flexibility

Pebblebrook Hotel Trust Reports Third Quarter 2024 Results

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Chatham Lodging Trust (REIT) Common Shares of Beneficial Interest

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