BofA update shows where active managers are putting money
Pebblebrook Hotel Trust (NYSE:PEB)'s stock has reached a 52-week low, touching down at $7.85, as the company faces a turbulent market environment. According to InvestingPro data, the stock is currently trading at just 0.38 times book value, with technical indicators suggesting oversold conditions. This latest price level reflects a significant downturn from previous periods, marking a stark contrast to the more robust valuations seen in the past. Over the past year, Pebblebrook's stock has experienced a substantial decline, with a 1-year change showing a decrease of -45.4%. Notably, the company maintains a perfect Piotroski Score of 9, suggesting strong financial health despite market pressures. This downturn highlights the challenges faced by the hospitality sector, as Pebblebrook Hotel Trust continues to navigate through the economic pressures and shifting industry dynamics. Investors are closely monitoring the company's performance and strategies for recovery as it attempts to rebound from this low point. For deeper insights into Pebblebrook's valuation and 15 additional ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Pebblebrook Hotel Trust reported its fourth quarter 2024 earnings, revealing a mixed financial performance. The company's earnings per share (EPS) were -0.51, missing analyst expectations of -0.38. However, revenue for the quarter surpassed forecasts, reaching $337.6 million compared to the anticipated $324.03 million. Pebblebrook completed a $525 million redevelopment program, which contributed to strong results in its resort properties, particularly in California. Despite challenges, the company noted a 2.1% increase in full-year same-property total revenue per available room (RevPAR) and a 0.8% rise in adjusted EBITDA to $359.2 million. Adjusted funds from operations (FFO) per diluted share grew by 5% to $1.68. Looking ahead, Pebblebrook anticipates industry RevPAR growth of 1% to 3% in 2025, with potential revenue impacts from Los Angeles wildfires estimated at $8.5 to $11 million in the first quarter. The company plans to invest $65-$75 million in capital projects in 2025, despite the anticipated challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.