Pebblebrook Hotel Trust (NYSE:PEB) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,576,649 shares of the real estate investment trust's stock after selling 217,681 shares during the quarter. Vanguard Group Inc. owned about 15.52% of Pebblebrook Hotel Trust worth $251,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew 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 buying an additional 884 shares in the last quarter. Cibc World Markets Corp purchased a new position in Pebblebrook Hotel Trust in the 4th quarter worth approximately $151,000. Holocene Advisors LP acquired a new stake in Pebblebrook Hotel Trust in the third quarter valued at approximately $166,000. Quadrature Capital Ltd purchased a new stake in shares of Pebblebrook Hotel Trust during the third quarter valued at approximately $185,000. Finally, Metis Global Partners LLC lifted 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 purchasing an additional 1,412 shares in the last quarter.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB traded up $1.70 during trading on Wednesday, reaching $9.41. The stock had a trading volume of 6,026,833 shares, compared to its average volume of 1,884,209. The firm's 50 day moving average price is $11.14 and its two-hundred day moving average price is $12.56. Pebblebrook Hotel Trust has a one year low of $7.42 and a one year high of $16.06. The stock has a market cap of $1.13 billion, a PE ratio of -32.45, a P/E/G 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -9.30%.

Analysts Set New Price Targets

PEB has been the topic of several analyst reports. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Truist Financial cut their price target on 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. StockNews.com downgraded Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Finally, Compass Point cut Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and reduced their target price for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $13.86.

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.