Invesco Ltd. Sells 3,719,347 Shares of Pebblebrook Hotel Trust (NYSE:PEB)

Invesco Ltd. reduced its stake in Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 84.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 681,104 shares of the real estate investment trust's stock after selling 3,719,347 shares during the period. Invesco Ltd. owned 0.57% of Pebblebrook Hotel Trust worth $9,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PEB. Geode Capital Management LLC lifted its stake in Pebblebrook Hotel Trust by 1.0% during 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 purchasing an additional 28,871 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Pebblebrook Hotel Trust by 3.6% in 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 acquiring an additional 86,592 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Pebblebrook Hotel Trust by 2.3% in the 4th quarter. William Blair Investment Management LLC now owns 2,159,201 shares of the real estate investment trust's stock valued at $29,257,000 after acquiring an additional 49,183 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of Pebblebrook Hotel Trust by 2,448.9% in the 4th quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust's stock valued at $25,465,000 after acquiring an additional 1,805,597 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Pebblebrook Hotel Trust by 82.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,399,856 shares of the real estate investment trust's stock valued at $18,968,000 after acquiring an additional 633,881 shares in the last quarter.

Pebblebrook Hotel Trust Stock Down 1.0 %

Shares of PEB traded down $0.10 during mid-day trading on Tuesday, hitting $9.02. 141,465 shares of the company's stock were exchanged, compared to its average volume of 1,908,048. The firm has a fifty day moving average of $10.15 and a two-hundred day moving average of $12.15. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.46. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -31.10, a P/E/G ratio of 0.60 and a beta of 1.69. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

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 given a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.44%. Pebblebrook Hotel Trust's dividend payout ratio is -9.30%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PEB shares. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company reduced their price target on shares of 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. Wedbush downgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price target for the company. in a research report on Thursday, January 2nd. Stifel Nicolaus cut their target price on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Evercore ISI cut their target price on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $13.28.

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.