Vanguard Group Inc. Sells 217,681 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Vanguard Group Inc. lessened its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Pebblebrook Hotel Trust by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,043,473 shares of the real estate investment trust’s stock valued at $40,272,000 after acquiring an additional 28,871 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Pebblebrook Hotel Trust by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,504,751 shares of the real estate investment trust’s stock valued at $33,939,000 after purchasing an additional 86,592 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Pebblebrook Hotel Trust by 2.3% during the fourth quarter. William Blair Investment Management LLC now owns 2,159,201 shares of the real estate investment trust’s stock worth $29,257,000 after buying an additional 49,183 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter valued at $13,788,000. Finally, Nordea Investment Management AB grew its holdings in shares of Pebblebrook Hotel Trust by 90.2% during the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock valued at $10,193,000 after buying an additional 354,116 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a report on Thursday, February 27th. Wedbush downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a report on Thursday, January 2nd. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Finally, Compass Point downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average price target of $13.86.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB opened at $8.39 on Friday. Pebblebrook Hotel Trust has a 1 year low of $8.26 and a 1 year high of $16.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s fifty day moving average price is $11.65 and its two-hundred day moving average price is $12.75. The firm has a market cap of $1.00 billion, a PE ratio of -28.91, a PEG ratio of 0.60 and a beta of 1.87.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed 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. This represents a $0.04 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -9.30%.

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.