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Morningstar

2 stories · First covered Apr 13, 2026 · Latest Jun 6
Morningstar Coverage
Hyatt Is Building a Loyalty Moat. The Question Is Who's Paying for the Shovel.

Hyatt Is Building a Loyalty Moat. The Question Is Who's Paying for the Shovel.

Morningstar says Hyatt's loyalty program and new brands are expanding its high-end advantage, and the stock just hit an all-time high. But when you sit on the owner's side of the table and calculate what "advantage" actually costs per key, the math gets a lot less glamorous.

PEB at $13 With $2.5B in Debt and a $0.04 Dividend. Define "Bargain."

PEB at $13 With $2.5B in Debt and a $0.04 Dividend. Define "Bargain."

Pebblebrook's 43% run-up has momentum investors calling it cheap, but a negative P/E ratio, $2.5 billion in debt, and a dividend yield of 0.29% tell a more complicated story than any stock screener will surface.