Citadel Advisors LLC grew its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 428.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 185,939 shares of the real estate investment trust’s stock after acquiring an additional 150,756 shares during the period. Citadel Advisors LLC owned about 0.27% of Pebblebrook Hotel Trust worth $6,762,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Pebblebrook Hotel Trust by 9.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 641,709 shares of the real estate investment trust’s stock valued at $23,340,000 after acquiring an additional 57,508 shares during the period. William Blair Investment Management LLC grew its position in shares of Pebblebrook Hotel Trust by 2.1% during the 3rd quarter. William Blair Investment Management LLC now owns 526,566 shares of the real estate investment trust’s stock valued at $19,151,000 after acquiring an additional 10,830 shares during the period. Standard Life Aberdeen plc lifted its stake in shares of Pebblebrook Hotel Trust by 6.4% during the 3rd quarter. Standard Life Aberdeen plc now owns 130,365 shares of the real estate investment trust’s stock valued at $4,742,000 after buying an additional 7,857 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Pebblebrook Hotel Trust by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,148,412 shares of the real estate investment trust’s stock valued at $41,767,000 after buying an additional 3,063 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Pebblebrook Hotel Trust by 4.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 46,801 shares of the real estate investment trust’s stock valued at $1,702,000 after buying an additional 1,974 shares in the last quarter.

A number of brokerages recently commented on PEB. Royal Bank of Canada restated a “buy” rating and set a $40.00 price target on shares of Pebblebrook Hotel Trust in a research note on Wednesday, August 15th. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Thursday, September 27th. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Monday, November 12th. Robert W. Baird set a $38.00 price target on shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a research note on Wednesday, October 10th. Finally, Bank of America restated a “buy” rating and set a $36.00 price target on shares of Pebblebrook Hotel Trust in a research note on Monday, October 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $38.67.

Shares of PEB stock opened at $35.73 on Friday. The company has a market cap of $2.42 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 2.67 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 0.80. Pebblebrook Hotel Trust has a 12 month low of $31.05 and a 12 month high of $41.65.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Thursday, November 29th will be paid a dividend of $0.2478 per share. This represents a $0.99 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, November 28th. Pebblebrook Hotel Trust’s payout ratio is currently 38.52%.

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Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28 hotels, with a total of 6,973 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

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