The potential for high returns and stable income streams have made real estate investment trusts, or REITs, a popular investment vehicle. However, not all REITs are created equal, especially with a potential recession hanging overhead. On today’s list, I take a look at three REITs to sell. The reasoning for my bearishness on these particular REITs stems from the fact that their area of focus — hotels and resorts — has limited upside and a lot of downside risk in the current economic environment. The lodging sector is showing signs of improvement after the pandemic, but it is not out of the woods yet. Occupancy rates remain below pre-pandemic levels , and inflation and recession threaten to stop the recovery in its tracks. As consumers continue to rein in discretionary spending, they are less likely to spend money on travel, thus reducing demand for lodging. Here are three REITs to sell. PK Park Hotels & Resorts $11.26 HST Host Hotels & Resorts $15.88 PEB Pebblebrook Hotel Trust $14.51 Park Hotels & Resorts (PK) Source: Shutterstock Park Hotels & Resorts (NYSE: PK ) is one of the largest publicly traded lodging REITs with “49 premium-branded hotels and resorts with over 30,000 rooms primarily located in prime city center and resort locations,” according to the company.
Pebblebrook Hotel Trust (PEB) operating trends turned lower in August vs
Baron Funds, an asset management company, released its “Baron Real Estate Income Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. Baron Real Estate Income Fund (the “Fund”) declined 18.43% (Institutional Shares) in the second quarter of 2022, modestly underperforming its primary benchmark, the MSCI US REIT Index (the […]
Pebblebrook Hotel (NYSE:PEB) declares $0.01/share quarterly dividend, in line with previous.Forward yield 0.22%Payable Oct. 17; for shareholders of record Oct. 17; ex-div Oct.
BETHESDA, Md.--(BUSINESS WIRE)---- $PEB #REIT--Pebblebrook Hotel Trust Completes Sale of Hotel Vintage Portland
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on August 25, 2022, it closed on the sale of the 236-room Hotel Spero in San Francisco, CA for $71.0 million to a third party. For the trailing twelve months ended June 30, 2022, the hotel’s net operating loss was ($1.6) million, and its Hotel EBITDA was ($1.4) million. Based on the hotel’s operating performance
Hotel and resort REIT Pebblebrook Hotel Trust (PEB) said it has sold Sofitel Philadelphia at Rittenhouse Square for $80M, with the net proceeds used to reduce outstanding debt…
https://www.investing.com/news/pro/pebblebrook-hotel-trust-pt-raised-to-21-at-citi-432SI-2862401
Pebblebrook Hotel Trust (NYSE:PEB) price is hovering higher on Wednesday, July 27, jumping 1.10% above its previous close. A look at today’s price movement shows that the recent level at last check reads $18.62, with intraday deals fluctuating between $18.50 and $19.005. The company’s 5Y monthly beta was ticking 1.76. Taking into account the 52-week … Why Have Pebblebrook Hotel Trust (NYSE: PEB) Shares Declined So Much? Read More »
WASHINGTON (dpa-AFX) - Pebblebrook Hotel Trust (PEB) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.The company''s earnings tot…
(RTTNews) - Pebblebrook Hotel Trust (PEB) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.
Pebblebrook Hotel Trust Tops Q2 EPS by 2c
Pebblebrook Hotel press release (PEB): Q2 Adjusted FFO of $0.72 (vs
BETHESDA, Md.--(BUSINESS WIRE)---- $PEB #REIT--Pebblebrook Hotel Trust Reports Second Quarter 2022 Results
Looking for the consistency of fixed yield, plus the potential for upside? Preferred stocks may be right for your portfolio. There are many approaches you can take with this asset class, but one you should consider is buying preferred stocks trading at a discount. With the sharp rise of interest rates so far this year, many preferred shares have fallen to discount to their respective par value. That’s bad news for those who got in at par value (typically $25 per share). Yet for investors buying them today, at between $20 and $25 per share? They could provide solid returns. Both in terms of yield, as well as upside. Like with common stock, there’s no guarantee preferred stocks will go up. In fact, like common shares, preferred stocks can be volatile, if the underlying company is facing issues. However, if you stick to large, more stable names, you may be able to mitigate much of this risk. 7 Seriously Undervalued Dividend Stocks to Buy for High Total Returns So, which preferred stocks trading at a discount should you consider right now?
Today I’m looking at REITs to sell now, as they have little or no income and their prospects for investors are not that good as a result. Moreover, it may take some time for these REITs, or real estate investment trusts, to revive and renew their ability to produce income for their investors. The fact is that investors choose REIT stocks because of their income-producing abilities and dividend yields. The fact that these trusts are concentrated in the real estate or mortgage industry is tangential to their income feature — investors want the reliable income that real estate and mortgage investments can bring. But because of that focus on dividends, REITs with little or no income are of little value to market investors. There are two ways to play this for investors. If they already own the shares, they can sell them before the funds fall further and invest somewhere better. Or else they can play on their downfall by buying puts or shorting the REITs. 5 Electric Vehicle Stocks to Buy on the Dip Let’s dive in and look at these REITs to sell.
Pebblebrook Hotel (NYSE: PEB ) is set to give its latest quarterly earnings report on Tuesday, 2022-07-26. Here''s what investors need to know before the announcement. Analysts estimate that Pebblebrook Hotel will report an earnings per share (EPS) of $0.09. Pebblebrook Hotel bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also … Full story available on Benzinga.com
Pebblebrook Hotel Trust (PEB) was added as new best idea short at Hedgeye with the potential for the hotel REIT to see 20% downside from current levels.Pebblebrook (PEB) is likely to…
Latest Buy Brings Company''s Portfolio to 55 Hotels
Pebblebrook Hotel Trust (PEB) acquired the AAA Four Diamond 257-room Gurney''s Newport Resort & Marina in Newport, Rhode Island for $174M.Pebblebrook funded the acquisition with cash on…
Pebblebrook Hotel Trust Acquires Gurney''s Newport Resort & Marina in Newport, RI
Pebblebrook Hotel (PEB) shares are dipping nearly 3% in Friday morning trading, as its operating metrics softened a bit in May vs
Pebblebrook Hotel Trust Declares Dividends for Second Quarter 2022
Pebblebrook Hotel (PEB) same-store occupancy for April rose to 68% from 62% in March, reaching its highest level since the beginning of the pandemic, as business travel continues…
Pebblebrook acquires Jekyll Island Club Resort for $94M - Hotel Business | Hotel Business Pebblebrook Hotel Trust has acquired the Jekyll Island Club Resort for $94 million. The 200-room resort is listed in the National Register of Historic Places and is located in the heart of Jekyll Island, one of the Golden Isles off the coast of Georgia. The Company retained Noble House Hotels & Resorts to manage the [] Pebblebrook acquires Jekyll Island Club Resort for $94M - Hotel Business appeared first on Hotel Business | Hotel Business - The leading source of hospitality news for owners, developers, designers, brokers, brands, management companies, lenders, REITs & asset managers.
BETHESDA, Md.--(BUSINESS WIRE)---- $PEB #PEB--Pebblebrook Hotel Trust Announces Redemption of 6.50% Series C Cumulative Redeemable Preferred Shares
BETHESDA, Md.--(BUSINESS WIRE)---- $PEB #PEB--Pebblebrook Hotel Trust Announces Redemption of 6.375% Series D Cumulative Redeemable Preferred Shares
Pebblebrook Hotel Trust (PEB) has priced the previously announced new preferred issue. The issue prices at 5.70%. They are selling 10 million shares. The issue is cumulative and non qualified. The copany intends to redeem the 6.50% PEB-C issue in full and some (or all) of the PEB-D or PEB-E issues. The 10 million shares Continue reading "Pebblebrook Hotel Trust Prices New Preferred" The post Pebblebrook Hotel Trust Prices New Preferred first appeared on Innovative Income Investor .
Once again Pebblebrook Hotel Trust (PEB) is coming to market with a new preferred issue. The company just sold a new issue in May with a 6.375% coupon which has traded VERY stronglynow at $27. The preliminary prospectus can be read here. The post Pebblebrook Hotel Trust To Issue New Preferred Stock first appeared on Innovative Income Investor .
The company, Pebblebrook Hotel Trust Shs of Benef Interest, is set to host investors and clients on a conference call on 7/29/2021 1:19:54 PM. The call comes after the company''s earnings, which are set to be announced on 7/28/2021.Investors, or members of the public who wish to dial in, can join the call by visiting
BTIG Stick to Their Buy Rating for Pebblebrook Hotel
Conditions : Hematuria; Urothelial Carcinoma Intervention : Diagnostic Test: Cxbladder Sponsor : Pacific Edge Limited Recruiting
Robert W. Baird Stick to Their Hold Rating for Pebblebrook Hotel
BMO Capital Stick to Their Hold Rating for Pebblebrook Hotel
Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today provided an update on recent operating trends, which continue to improve each week. The Company expects to achieve positive Adjusted EBITDAre in the second quarter of 2021 and positive Adjust
Pebblebrook Hotel Trust Provides Operating Update and Executes Contract to Acquire Margaritaville Hollywood Beach Resort in Hollywood, FL
Dunedin cancer diagnostics company Pacific Edge has announced that one of the largest non-profit healthcare providers in the United States will start the commercial use of a second Cxbladder product, Cxbladder Triage.
Shares of Pacific Edge jumped more than 6% after it announced healthcare giant Kaiser Permanente would begin using its Cxbladder triage product from July. Kaiser approved commercial use of Cxbladder products last June, beginning with monitor which is a regular test for those who have previously been treated for bladder cancer.
Electra America Hospitality Group nabbed The Roger New York hotel from Pebblebrook Hotel Trust for a hefty discount at $19 million.
Electra America Hospitality Group nabbed The Roger New York hotel for a hefty discount. The joint venture between Electra America and luxury extended-stay firm AKA Hotel Residences snapped up the 193-room hotel at 131 Madison Ave. for $19 million. Thats $71 million less than what the hotels last buyer, LaSalle Hotel Properties, paid in 2010, Commercial Observer reported. The seller in the transaction was Pebblebrook Hotel Trust, which acquired ownership of LaSalle in 2018 through The post Electra America joint venture nabs Roger hotel for $71M discount appeared first on The Real Deal New York .
Pebblebrook Hotel Trust with ticker code (PEB) have now 13 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 28 and 20.5 and has a mean target at 24.92. With the stocks previous close at 24.63 this would indicate that there is a potential upside of 1.2%. The 50 day MA is 23.08 and the 200 moving average now moves to 22.03. The market capitalisation for the company is $3,228m. Company Website: /> [stock_market_widget type="chart" symbol="PEB" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] 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, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities. This article Pebblebrook Hotel Trust Consensus Indicates Potential 1.
BETHESDA, Md.--(BUSINESS WIRE)---- $PEB #PEB--Pebblebrook Hotel Trust Declares Dividends for Second Quarter 2021
Pebblebrook Hotel Trust announced that on June 10, 2021, it closed on the sale of its leasehold interest in the 194-room The Roger New York in New York, NY for $19.0 million to
BETHESDA, Md.--(BUSINESS WIRE)---- $PEB #PEB--Pebblebrook Hotel Trust Completes Sale of The Roger New York
Announces Contract to Sell The Roger New York
BETHESDA, Md.--(BUSINESS WIRE)---- $PEB #PEB--Pebblebrook Hotel Trust Announces Update on Recent Operating Trends and Contract to Sell The Roger New York
Pebblebrook Hotel Trust found using ticker (PEB) now have 13 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 28 and 20.5 calculating the average target price we see 24.92. Now with the previous closing price of 23.26 this would indicate that there is a potential upside of 7.1%. The 50 day moving average now sits at 23.26 while the 200 day moving average is 21.69. The market capitalisation for the company is $3,025m. Find out more information at: /> [stock_market_widget type="chart" symbol="PEB" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] 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, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities. This article Pebblebrook Hotel Trust Consensus Indicates Potential 7.
PebbleBrook Hotel Trust (PEB) is pleased to announce the appointment of Laurayne Croke to Complex Director of Sales & Marketing for the Southernmost Beach Resort and The Marker Key West Harbor Resort, both located in Key West, FL. In this role, Crok
David Darling A Dunedin-based biotech company has posted a 101% increase in revenue for the 12 months ending March 31, while reducing its after-tax net loss by 25%.
Pacific Edge narrows loss as revenue leaps william_NBR 27 May 21