Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,004,891 shares of the real estate investment trust's stock after selling 38,582 shares during the quarter. Geode Capital Management LLC owned about 2.51% of Pebblebrook Hotel Trust worth $40,725,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Pebblebrook Hotel Trust by 10.8% in the third quarter. FMR LLC now owns 9,069 shares of the real estate investment trust's stock valued at $120,000 after purchasing an additional 884 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $151,000. Metis Global Partners LLC increased its position in shares of Pebblebrook Hotel Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock worth $187,000 after acquiring an additional 1,412 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth about $189,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Pebblebrook Hotel Trust in the fourth quarter valued at about $306,000.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB traded up $0.19 during midday trading on Friday, hitting $8.69. 2,429,399 shares of the stock traded hands, compared to its average volume of 1,916,378. The business's 50 day moving average price is $10.64 and its two-hundred day moving average price is $12.36. The firm has a market capitalization of $1.03 billion, a PE ratio of -29.95, a price-to-earnings-growth ratio of 0.60 and a beta of 1.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $16.06.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -9.30%.

Analyst Ratings Changes

A number of equities analysts have issued reports on PEB shares. Wedbush lowered Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 target price on the stock. in a research report on Thursday, January 2nd. Truist Financial cut their target price on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Compass Point downgraded Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $17.00 to $15.00 in a research note on Monday, March 10th. StockNews.com downgraded Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Finally, Stifel Nicolaus lowered their price target on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $13.61.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.