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Fly News Breaks for August 15, 2019
Aug 15, 2019 | 06:29 EDT
BTIG analyst James Sullivan downgraded Pebblebrook Hotel (PEB) and Host Hotels (HST) to Neutral as part of a broader research note on hotel REITs, saying their "attractive valuation" are not enough to offset the deteriorating fundamentals of weakening demand and persistent supply growth. The analyst notes that he anticipated a better top line growth in Q3 and Q4, but the occupancy and room rates trends so far this quarter have been weak, with additional pressure coming from weaker economic conditions outside the U.S. and the stronger USD.
News For HST;PEB From the Last 2 Days