Invesco Ltd. Has $9.23 Million Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Invesco Ltd. lessened its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 84.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 681,104 shares of the real estate investment trust’s stock after selling 3,719,347 shares during the quarter. Invesco Ltd. owned approximately 0.57% of Pebblebrook Hotel Trust worth $9,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. raised its position in shares of Pebblebrook Hotel Trust by 0.3% in the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust’s stock valued at $5,384,000 after buying an additional 1,098 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,323 shares during the period. Metis Global Partners LLC grew its stake in Pebblebrook Hotel Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 1,412 shares during the period. Swiss National Bank increased its holdings in Pebblebrook Hotel Trust by 0.7% during the 4th quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust’s stock worth $3,212,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Pebblebrook Hotel Trust by 2.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust’s stock worth $1,137,000 after purchasing an additional 1,918 shares in the last quarter.

Pebblebrook Hotel Trust Stock Performance

NYSE:PEB opened at $8.74 on Thursday. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $16.06. The company’s 50-day moving average is $10.36 and its two-hundred day moving average is $12.24. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -30.14, a PEG ratio of 0.60 and a beta of 1.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81.

Pebblebrook Hotel Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PEB shares. Wells Fargo & Company reduced their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company 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 research note on Thursday, February 27th. Compass Point downgraded Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their price target for the company from $17.00 to $15.00 in a report on Monday, March 10th. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Finally, Truist Financial lowered 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. Two equities 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.