Phocas Financial Corp. Cuts Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Phocas Financial Corp. lowered its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 85.5% during the 4th quarter, HoldingsChannel reports. The firm owned 25,252 shares of the real estate investment trust’s stock after selling 148,895 shares during the period. Phocas Financial Corp.’s holdings in Pebblebrook Hotel Trust were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Pebblebrook Hotel Trust by 90.2% in the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust’s stock worth $10,193,000 after purchasing an additional 354,116 shares during the last quarter. Entropy Technologies LP boosted its holdings in Pebblebrook Hotel Trust by 93.3% in the fourth quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust’s stock worth $744,000 after purchasing an additional 26,487 shares during the last quarter. Atom Investors LP purchased a new stake in Pebblebrook Hotel Trust in the third quarter worth approximately $1,363,000. GSA Capital Partners LLP boosted its holdings in Pebblebrook Hotel Trust by 47.4% in the third quarter. GSA Capital Partners LLP now owns 223,654 shares of the real estate investment trust’s stock worth $2,959,000 after purchasing an additional 71,920 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new stake in Pebblebrook Hotel Trust in the third quarter worth approximately $884,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PEB shares. Robert W. Baird dropped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Wedbush downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research report on Thursday, January 2nd. StockNews.com upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, November 21st. Finally, Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.17.

Pebblebrook Hotel Trust Stock Up 2.1 %

Shares of PEB stock opened at $11.77 on Thursday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -40.58, a PEG ratio of 0.60 and a beta of 1.85. Pebblebrook Hotel Trust has a one year low of $11.47 and a one year high of $16.61. The company’s fifty day moving average price is $13.11 and its 200-day moving average price is $13.11. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.34%. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

Pebblebrook Hotel Trust Profile

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.