Pebblebrook Hotel Trust: The Dividend Is Gone, the Price Is Back, and AI Isn't the Answer

When you buy a hotel REIT for income, you are buying a promise: the underlying hotels produce enough cash that the trust can pass a quarterly check to your brokerage account. The price on the screen is the market's guess about what those future checks are worth. Pebblebrook Hotel Trust (PEB) has broken that promise. Now the stock is surging, and some analysts are asking whether it has gone too far. The more important question for income investors is whether the payout is ever coming back - or whether this is just a capital-appreciation play wearing a REIT costume.