Pebblebrook Hotel Trust Overcomes Irma to Deliver a Decent Quarter
Pebblebrook Hotel Trust's (NYSE: PEB) third-quarter results came in well ahead of expectations after guests flocked to its recently redeveloped hotels. That said, profitability did decline from the year-ago quarter because the company sold several hotels over the past year. Furthermore, Hurricane Irma forced the closure of the LaPlaya Beach Resort & Club in early September, and it will remain closed until repairs wrap up next month. That said, despite the lost income from that resort, Pebblebrook expects full-year results to be within its guidance range.
Metric
Q3 2017
Source: Fool.com
Pebblebrook Hotel Trust Stock
€11.70
2.630%
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A slightly negative potential of -5.98% at a current price of 11.7 € for Pebblebrook Hotel Trust is the result of a target price of 11 €.
