PK - Pebblebrook Hotel Trust a new best idea short at Hedgeye

Pebblebrook Hotel Trust (NYSE: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 see margin pressure as the industry deals with higher labor costs and cost inflation, according to Hedgeye analysts Todd Jordan and Sean Jenkins. "PEB sports a strong management team and some unique and high quality assets (we have been bullish on the company/stock in the past), but challenging geo and customer exposures, tough comps in their resort business, a rich valuation (for the environment), and elevated leverage put us in the negative camp," the analysts wrote. PEB joins Park Hotels (PK) and Xenia Hotels & Resorts (XHR) as favorite Hotel REIT short ideas at Hedgeye. Hedgeye is hosting a presentation on the PEB short idea on Tuesday. PEB short interest is 9.8%. Recall Friday, Pebblebrook Hotel Trust acquired Newport

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Pebblebrook Hotel Trust a new best idea short at Hedgeye