Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,738 shares of the real estate investment trust’s stock after purchasing an additional 1,912 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Pebblebrook Hotel Trust worth $2,459,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PEB. Bartlett & Co. LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth about $26,000. Harvest Fund Management Co. Ltd grew its position in shares of Pebblebrook Hotel Trust by 266.7% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,100 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 800 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Pebblebrook Hotel Trust by 35.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,220 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 844 shares in the last quarter. Zeke Capital Advisors LLC grew its position in shares of Pebblebrook Hotel Trust by 24.4% during the third quarter. Zeke Capital Advisors LLC now owns 9,475 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 1,861 shares in the last quarter. Finally, Brinker Capital Inc. purchased a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth about $311,000.

Several equities analysts have weighed in on the company. Barclays cut Pebblebrook Hotel Trust from an “overweight” rating to an “underweight” rating and cut their price target for the company from $32.00 to $26.00 in a report on Monday, November 11th. Capital One Financial cut Pebblebrook Hotel Trust from an “overweight” rating to an “equal weight” rating and set a $30.00 price target for the company. in a report on Monday, January 13th. BMO Capital Markets restated a “hold” rating and set a $28.00 price target on shares of Pebblebrook Hotel Trust in a report on Monday, October 28th. Wells Fargo & Co cut their price target on Pebblebrook Hotel Trust from $28.00 to $27.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Finally, Stifel Nicolaus set a $31.00 price target on Pebblebrook Hotel Trust and gave the company a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $31.18.

Shares of NYSE:PEB traded down $0.04 during trading on Tuesday, hitting $24.18. The company had a trading volume of 44,575 shares, compared to its average volume of 1,280,500. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of -39.58 and a beta of 1.31. Pebblebrook Hotel Trust has a one year low of $24.03 and a one year high of $34.35. The company has a fifty day simple moving average of $26.16 and a two-hundred day simple moving average of $26.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.24 and a quick ratio of 0.24.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 6.29%. The ex-dividend date was Monday, December 30th. Pebblebrook Hotel Trust’s payout ratio is 62.04%.

Pebblebrook Hotel Trust 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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; 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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