Pebblebrook Hotel Trust
Owns upper-upscale urban hotels and resorts operated by third-party managers.
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Profile
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
Key statistics
Year to date +60.2% · Average volume (30d) 2.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 27, 2026 | Barclays | Target | $15 | $14 | |
| Aug 11, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $15 | $19 |
| Jul 31, 2026 | Compass Point | Reiterate | Neutral | $15 | $19.50 |
| Jul 23, 2026 | Wells Fargo | Reiterate | Equal Weight | $20 | $19 |
| Jul 21, 2026 | Barclays | Reiterate | Underweight | $13 | $15 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.12 | $0.17 | +41.7% | $400.0M | $407.1M | +1.8% | −2.75% |
| Apr 28, 2026Q1 FY26 | −$0.31 | −$0.32 | −3.2% | $331.2M | $345.7M | +4.4% | +1.49% |
| Feb 25, 2026Q4 FY25 | $0.23 | $0.27 | +17.4% | $342.1M | $349.0M | +2.0% | +7.68% |
| Nov 5, 2025Q3 FY25 | $0.50 | $0.51 | +2.0% | $345.1M | $398.7M | +15.5% | +1.26% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $320.3M | $407.5M | $398.7M | $349.0M | $345.7M | $407.1M | |
| Gross profit | $59.8M | $119.8M | $104.3M | −$37.0M | $80.8M | $122.4M | |
| Operating income | −$7.2M | $52.4M | −$10.2M | $5.2M | $15.7M | $58.4M | |
| Net income | −$32.9M | $18.1M | −$33.1M | −$17.9M | −$19.3M | $23.6M | |
| Diluted EPS | −$0.37 | $0.06 | −$0.37 | −$0.22 | −$0.26 | $0.17 | |
| Gross margin | 18.7% | 29.4% | 26.2% | -10.6% | 23.4% | 30.1% | |
| Operating margin | -2.3% | 12.9% | -2.6% | 1.5% | 4.6% | 14.3% |
Fiscal years (4-quarter sums)FY21 $733.0M · FY22 $1.39B · FY23 $1.42B · FY24 $1.45B · FY25 $1.48B
Revenue by product · Q1 FY26
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $261.0M · Total debt $2.46B · Total assets $5.28B · Shareholders' equity $2.42B
Dividends
Raised for 5 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.01 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.01 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.01 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.01 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.01 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.01 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.01 | |
| Sep 30, 2024 | Sep 30 | Oct 15 | $0.01 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 112.84M · Float 103.77M · 92.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 19.91M | 17.64% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 11.29M | 10.01% | 13F | Aug 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 8.58M | 7.60% | 13F | Aug 14, 2026 |
| State Street Corp | 6.45M | 5.72% | 13F | Aug 7, 2026 |
| T. Rowe Price Investment Management, Inc. | 5.45M | 4.83% | 13F | Aug 14, 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 |
Peers
- 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.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pebblebrook Hotel Trust | $18.49 | −0.05% | $2.09B | — | — | 1.4 | −0.1% |
| Host Hotels & Resorts | $22.40 | +0.63% | $15.26B | 15.2 | 22.3 | 2.5 | +3.4% |
| Park Hotels & Resorts | $15.83 | −0.09% | $3.19B | — | 28.1 | 1.3 | +1.2% |
| DiamondRock Hospitality | $12.70 | 0.00% | $2.60B | 17.4 | 20.1 | 2.3 | +4.1% |
| Xenia Hotels & Resorts | $19.62 | +0.87% | $1.80B | — | 38.1 | 1.6 | +2.8% |
| Sunstone Hotel Investors | $11.33 | −0.13% | $2.11B | 46.0 | 52.5 | 2.1 | +6.7% |
| RLJ | $11.46 | +0.04% | $1.74B | 280.2 | 250.7 | 1.3 | +5.5% |
| Braemar Hotels & Resorts | $2.03 | −0.49% | $139.4M | — | — | 0.2 | −4.5% |
| Median | 31.7 | 33.1 | 1.6 | +3.4% |