Pebblebrook Hotel Trust (PEB)
Owns upper-upscale urban hotels and resorts operated by third-party managers.
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Owns upper-upscale, full-service hotels and resorts across major U.S. urban and coastal leisure markets, earning most revenue from guest rooms alongside food, beverage and ancillary services. REIT rules require third-party managers to operate the properties, while an internal team directs renovations, repositioning and capital allocation.
Owns upper-upscale, full-service hotels and resorts in major U.S. gateway cities and coastal leisure destinations, spanning branded and independent properties. Guest rooms generate most revenue, supplemented by food and beverage service, meetings, parking, spas and other hotel operations. The portfolio serves business, leisure, group and convention demand.
Execution centers on property renovations, redesigns, rebranding, operator selection and close asset-management oversight. Flexible management contracts can support operator changes, hotel repositionings and property sales; proceeds may fund debt repayment, share repurchases or new investment. Results depend on travel demand, room rates, occupancy, local market conditions and third-party managers. REIT rules bar direct hotel operation, so taxable subsidiaries lease the properties and independent contractors manage them.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 27, 2026 | Barclays | Reiterate | Rating: —Target: $15 | Target: $14 |
| Aug 11, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $15 | Target: $19 |
| Jul 31, 2026 | Compass Point | Reiterate | Rating: —Target: $15 | Target: $19.50 |
| Jul 23, 2026 | Wells Fargo | Reiterate | Rating: —Target: $20 | Target: $19 |
| Jul 21, 2026 | Barclays | Reiterate | Rating: —Target: $13 | Target: $15 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $261.0M · Total debt $2.46B · Total assets $5.28B · Shareholders' equity $2.42B
- Revenue
- $407.1M
- Operating income
- $58.4M
- Net income
- $23.6M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 128.44% | 144.94M shares | |
|---|---|---|---|
| 302 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.93% | 1.05M shares | |
| 9 holders · as of Aug 4, 2026 | |||
| Strategic holders | 0.20% | 228.6K shares | |
| 1 holder · as of Feb 14, 2020 | |||
| Adds to | 129.57% | ||
112.84M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 129.57%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.64% | 19.91M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 10.01% | 11.29M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 7.60% | 8.58M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.72% | 6.45M | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 4.83% | 5.45M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Thomas Charles Fisher | officer: Co-President, C Investmt Ofcr | −40,000 | $19.25 |
| Jun 12, 2026 | Jon E. Bortz | director, officer: Chairman and CEO | +20,000 | $18.18 |
| Jun 10, 2026 | Jon E. Bortz | director, officer: Chairman and CEO | +20,000 | $17.23 |
| Jun 11, 2026 | Jon E. Bortz | director, officer: Chairman and CEO | +20,000 | $17.73 |
| Jun 8, 2026 | Jon E. Bortz | director, officer: Chairman and CEO | +20,000 | $16.84 |
- Host Hotels & Resorts
Largest luxury/upper-upscale lodging REIT peer.
- Park Hotels & Resorts
Large upper-upscale/luxury branded hotel REIT peer.
- DiamondRock Hospitality
Premium urban, lifestyle, and resort hotel owner.
- Xenia Hotels & Resorts
Luxury/upper-upscale owner in top lodging markets.
- Sunstone Hotel Investors
Upper-upscale/luxury REIT with urban and resort overlap.
- RLJ
Urban-centric premium-branded lodging REIT peer.
- Braemar Hotels & Resorts
Luxury resort and high-RevPAR hotel REIT peer.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pebblebrook Hotel Trust | $18.41 | +0.96% | $2.06B | — | — | 1.4 | −0.1% |
| Host Hotels & Resorts | $22.30 | −0.07% | $15.28B | 15.2 | 22.1 | 2.5 | +3.4% |
| Park Hotels & Resorts | $15.30 | +0.96% | $3.05B | — | 28.3 | 1.2 | +1.2% |
| DiamondRock Hospitality | $12.38 | +0.90% | $2.51B | 16.8 | 19.5 | 2.2 | +4.1% |
| Xenia Hotels & Resorts | $17.91 | +0.28% | $1.65B | — | 38.9 | 1.5 | +2.8% |
| Sunstone Hotel Investors | $11.15 | +0.54% | $2.06B | 45.0 | 51.6 | 2.1 | +6.7% |
| RLJ | $11.07 | +1.14% | $1.66B | 267.5 | 294.9 | 1.2 | +5.5% |
| Braemar Hotels & Resorts | $1.82 | +0.28% | $124.3M | — | — | 0.2 | −4.5% |
| Median | 30.9 | 33.6 | 1.5 | +3.4% |