Pebblebrook Hotel Trust owns high-end hotels and resorts in some of the most important cities in the US.
In 2009, the real estate investment trust was set up, and its main goal was to invest in urban hotspots. When looking for new properties, the company does a lot of research before investing in places where they can run their business and make more money.
This helps Pebblebrook reach its goal of giving investors a good return over the long term. One way it does this is by giving its shareholders a dividend of 0.25% every three months. This is made possible by the careful use of free cash.
There are 50 properties, most of which are in coastal cities from Key West to San Diego. There are also Pebblebrook places in New England, the Northwest, and the area around Chicago. As part of a plan to grow quickly, the REIT added four hotels to its portfolio in 2022 alone.
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Financials always come in higher than promised, which makes investors very happy. At about $16 per share, PEB stock is easier to get into than some of the big hotel real estate names. Shares are down a little bit right now, which is an opportunity to buy the dip.