Jane Street Group LLC purchased a new stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,474 shares of the real estate investment trust’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Kemper Corp Master Retirement Trust increased its holdings in shares of Pebblebrook Hotel Trust by 0.4% during the second quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 25 shares during the period. Federated Investors Inc. PA boosted its stake in Pebblebrook Hotel Trust by 0.9% during the second quarter. Federated Investors Inc. PA now owns 10,114 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 87 shares in the last quarter. GAM Holding AG boosted its stake in Pebblebrook Hotel Trust by 2.3% during the second quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 134 shares in the last quarter. SG Americas Securities LLC boosted its stake in Pebblebrook Hotel Trust by 6.0% during the second quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 249 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Pebblebrook Hotel Trust by 12.5% during the second quarter. M&T Bank Corp now owns 8,848 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 986 shares in the last quarter.

Pebblebrook Hotel Trust (NYSE PEB) opened at $37.60 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.31 and a quick ratio of 0.31. Pebblebrook Hotel Trust has a 1 year low of $26.21 and a 1 year high of $38.96. The firm has a market capitalization of $2,590.00, a price-to-earnings ratio of 29.38, a P/E/G ratio of 1.59 and a beta of 1.22.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The business had revenue of $201.80 million during the quarter, compared to analyst estimates of $198.11 million. During the same quarter last year, the company posted ($0.61) EPS. Pebblebrook Hotel Trust’s revenue for the quarter was down 3.4% on a year-over-year basis. research analysts expect that Pebblebrook Hotel Trust will post 2.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.38 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.04%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is 118.75%.

PEB has been the subject of several research reports. Zacks Investment Research cut Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. ValuEngine raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $31.50 target price on shares of Pebblebrook Hotel Trust in a research note on Thursday, October 12th. Barclays reaffirmed a “buy” rating and set a $39.00 target price on shares of Pebblebrook Hotel Trust in a research note on Friday, December 15th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Pebblebrook Hotel Trust presently has an average rating of “Hold” and a consensus target price of $36.61.

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Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

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

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