Phocas Financial Corp. Has $637,000 Stock Position in Pebblebrook Hotel Trust (NYSE:PEB)

Phocas Financial Corp. reduced its position in shares of Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) by 88.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,560 shares of the real estate investment trust’s stock after selling 357,179 shares during the period. Phocas Financial Corp.’s holdings in Pebblebrook Hotel Trust were worth $637,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PEB. C M Bidwell & Associates Ltd. bought a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter worth $48,000. Neo Ivy Capital Management bought a new stake in shares of Pebblebrook Hotel Trust during the 2nd quarter worth $50,000. Wipfli Financial Advisors LLC bought a new stake in shares of Pebblebrook Hotel Trust during the 3rd quarter worth $64,000. Assetmark Inc. boosted its holdings in Pebblebrook Hotel Trust by 91.6% in the 3rd quarter. Assetmark Inc. now owns 4,686 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 2,240 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Pebblebrook Hotel Trust in the 3rd quarter valued at $79,000.

Pebblebrook Hotel Trust Trading Down 2.9 %

Shares of Pebblebrook Hotel Trust stock opened at $13.20 on Friday. The stock has a market capitalization of $1.66 billion, a P/E ratio of -13.61, a price-to-earnings-growth ratio of 0.56 and a beta of 1.84. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.77. The company has a 50-day simple moving average of $14.97 and a 200 day simple moving average of $15.32. Pebblebrook Hotel Trust has a 12-month low of $12.54 and a 12-month high of $26.14.

Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) last announced its earnings results on Tuesday, February 21st. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.52). The firm had revenue of $319.61 million for the quarter, compared to analyst estimates of $309.55 million. Pebblebrook Hotel Trust had a negative return on equity of 2.77% and a negative net margin of 6.26%. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. Research analysts expect that Pebblebrook Hotel Trust will post 1.73 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Thursday, March 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -4.12%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup increased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $16.50 and gave the company a “neutral” rating in a report on Wednesday, February 1st. Barclays reduced their price target on shares of Pebblebrook Hotel Trust from $22.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, December 21st. Raymond James downgraded shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating in a report on Friday, December 9th. StockNews.com assumed coverage on shares of Pebblebrook Hotel Trust in a research note on Thursday. They issued a “sell” rating for the company. Finally, BMO Capital Markets cut shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Friday, December 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.

Insider Buying and Selling

In other news, CEO Jon E. Bortz bought 14,865 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was acquired at an average price of $14.93 per share, for a total transaction of $221,934.45. Following the transaction, the chief executive officer now directly owns 1,039,967 shares of the company’s stock, valued at approximately $15,526,707.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Jon E. Bortz acquired 14,000 shares of the stock in a transaction on Thursday, March 16th. The stock was purchased at an average price of $13.62 per share, for a total transaction of $190,680.00. Following the transaction, the chief executive officer now owns 1,108,102 shares of the company’s stock, valued at approximately $15,092,349.24. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jon E. Bortz acquired 14,865 shares of the stock in a transaction on Wednesday, March 8th. The stock was bought at an average price of $14.93 per share, with a total value of $221,934.45. Following the transaction, the chief executive officer now directly owns 1,039,967 shares in the company, valued at approximately $15,526,707.31. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

About Pebblebrook Hotel Trust

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Pebblebrook Hotel Trust is a real estate investment trust, engages in investments and acquisitions in hotel properties. Its hotels are located in markets like Atlanta, Georgia, Boston, Massachusetts, Chicago, Illinois, Key West, Miami and Naples, Florida, Los Angeles, San Diego and San Francisco, California, Nashville, Tennessee, New York, New York, Philadelphia, Pennsylvania, Portland, Oregon, and Seattle, Washington.