NYSE:PEB

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Pebblebrook Hotel Trust

Executive Summary

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. More Details


Snowflake Analysis

Fair value with limited growth.


Similar Companies

Share Price & News

How has Pebblebrook Hotel Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PEB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: PEB's weekly volatility (11%) has been stable over the past year.


Market Performance


7 Day Return

-0.6%

PEB

2.2%

US REITs

1.4%

US Market


1 Year Return

-17.3%

PEB

-11.1%

US REITs

22.6%

US Market

Return vs Industry: PEB underperformed the US REITs industry which returned -9.9% over the past year.

Return vs Market: PEB underperformed the US Market which returned 22.8% over the past year.


Shareholder returns

PEBIndustryMarket
7 Day-0.6%2.2%1.4%
30 Day16.5%1.5%4.9%
90 Day52.8%5.4%14.6%
1 Year-17.1%-17.3%-6.9%-11.1%25.4%22.6%
3 Year-41.4%-47.0%24.6%9.3%46.8%37.0%
5 Year10.5%-9.8%55.4%23.6%132.0%106.1%

Long-Term Price Volatility Vs. Market

How volatile is Pebblebrook Hotel Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pebblebrook Hotel Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PEB ($20.73) is trading below our estimate of fair value ($95.17)

Significantly Below Fair Value: PEB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PEB is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: PEB is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PEB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PEB is good value based on its PB Ratio (0.8x) compared to the US REITs industry average (1.6x).


Next Steps

Future Growth

How is Pebblebrook Hotel Trust forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

54.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PEB is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PEB is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PEB is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PEB's revenue (23.7% per year) is forecast to grow faster than the US market (10.5% per year).

High Growth Revenue: PEB's revenue (23.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PEB is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Pebblebrook Hotel Trust performed over the past 5 years?

-36.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PEB is currently unprofitable.

Growing Profit Margin: PEB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PEB is unprofitable, and losses have increased over the past 5 years at a rate of 36.8% per year.

Accelerating Growth: Unable to compare PEB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PEB is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (2.9%).


Return on Equity

High ROE: PEB has a negative Return on Equity (-5.95%), as it is currently unprofitable.


Next Steps

Financial Health

How is Pebblebrook Hotel Trust's financial position?


Financial Position Analysis

Short Term Liabilities: PEB's short term assets ($285.2M) exceed its short term liabilities ($216.3M).

Long Term Liabilities: PEB's short term assets ($285.2M) do not cover its long term liabilities ($2.7B).


Debt to Equity History and Analysis

Debt Level: PEB's debt to equity ratio (71.5%) is considered high.

Reducing Debt: PEB's debt to equity ratio has increased from 61.6% to 71.5% over the past 5 years.

Debt Coverage: PEB's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if PEB's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Pebblebrook Hotel Trust current dividend yield, its reliability and sustainability?

0.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PEB's dividend (0.19%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: PEB's dividend (0.19%) is low compared to the top 25% of dividend payers in the US market (3.86%).


Stability and Growth of Payments

Stable Dividend: PEB is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: PEB is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: PEB is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PEB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.1yrs

Average management tenure


CEO

Jon Bortz (64 yo)

11.08yrs

Tenure

US$5,414,665

Compensation

Mr. Jon E. Bortz, C.P.A. has been Chief Executive Officer, Chairman and President at Pebblebrook Hotel Trust since October 2009. Mr. Bortz served as the Principal Financial Officer and Principal Accounting...


CEO Compensation Analysis

Compensation vs Market: Jon's total compensation ($USD5.41M) is about average for companies of similar size in the US market ($USD5.00M).

Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jon Bortz
Chairman11.08yrsUS$5.41m0.84%
$ 23.4m
Raymond Martz
Executive VP11.08yrsUS$2.52m0.17%
$ 4.9m
Thomas Fisher
Executive VP & Chief Investment Officer11yrsUS$2.52m0.12%
$ 3.3m
Gabrielle Gordon
Director of Financeno datano datano data
Andrew Dittamo
VP & Controller11.08yrsno datano data

11.1yrs

Average Tenure

49.5yo

Average Age

Experienced Management: PEB's management team is seasoned and experienced (11.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jon Bortz
Chairman11.08yrsUS$5.41m0.84%
$ 23.4m
Michael Schall
Independent Trustee11.08yrsUS$170.00k0.038%
$ 1.1m
Earl Webb
Independent Trustee11.08yrsUS$155.00k0.019%
$ 521.2k
Cydney Donnell
Independent Trustee11.08yrsUS$175.00k0.035%
$ 985.8k
Ron Jackson
Independent Trustee11.08yrsUS$155.00k0.037%
$ 1.0m
Phillip Miller
Lead Independent Trusteeno dataUS$165.00k0.016%
$ 455.4k
Bonny Simi
Independent Trustee1.75yrsUS$106.16k0.0056%
$ 157.1k

11.1yrs

Average Tenure

64yo

Average Age

Experienced Board: PEB's board of directors are seasoned and experienced ( 11.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pebblebrook Hotel Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pebblebrook Hotel Trust
  • Ticker: PEB
  • Exchange: NYSE
  • Founded: 2009
  • Industry: Hotel and Resort REITs
  • Sector: Real Estate
  • Implied Market Cap: US$2.790b
  • Market Cap: US$2.714b
  • Shares outstanding: 131.18m
  • Website: https://www.pebblebrookhotels.com

Number of Employees


Location

  • Pebblebrook Hotel Trust
  • 4747 Bethesda Avenue
  • Suite 1100
  • Bethesda
  • Maryland
  • 20814
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PEBNYSE (New York Stock Exchange)YesCommon SharesUSUSDDec 2009
PD0DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2009
PEB.PRCNYSE (New York Stock Exchange)PFD SER C 6.50%USUSDMar 2013
PEB.PRDNYSE (New York Stock Exchange)PFD SHS SER DUSUSDJun 2016
PEB.PRENYSE (New York Stock Exchange)6.375 PFD SER EUSUSDDec 2018
PEB.PRFNYSE (New York Stock Exchange)6.3 CUM PFD SR FUSUSDDec 2018

Biography

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, t...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 00:14
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.