Phocas Financial Corp. Has $848,000 Position in Pebblebrook Hotel Trust (PEB)

Phocas Financial Corp. trimmed its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 85.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,291 shares of the real estate investment trust’s stock after selling 159,819 shares during the period. Phocas Financial Corp.’s holdings in Pebblebrook Hotel Trust were worth $848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Pebblebrook Hotel Trust by 0.3% during the second quarter. Vanguard Group Inc. now owns 11,287,224 shares of the real estate investment trust’s stock worth $363,900,000 after acquiring an additional 38,873 shares during the period. BlackRock Inc. grew its holdings in Pebblebrook Hotel Trust by 4,493.2% during the first quarter. BlackRock Inc. now owns 7,499,473 shares of the real estate investment trust’s stock worth $219,060,000 after acquiring an additional 7,336,199 shares during the period. Goldman Sachs Group Inc. grew its holdings in Pebblebrook Hotel Trust by 10.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,476,191 shares of the real estate investment trust’s stock worth $189,169,000 after acquiring an additional 586,816 shares during the period. Brookfield Asset Management Inc. grew its holdings in Pebblebrook Hotel Trust by 3,466.2% during the first quarter. Brookfield Asset Management Inc. now owns 3,551,910 shares of the real estate investment trust’s stock worth $103,751,000 after acquiring an additional 3,452,310 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Pebblebrook Hotel Trust by 156.1% during the second quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock worth $81,137,000 after acquiring an additional 1,533,874 shares during the period.

Pebblebrook Hotel Trust (NYSE:PEB) traded down 0.3558% during trading on Tuesday, hitting $37.0776. The stock had a trading volume of 78,516 shares. The firm has a market cap of $2.56 billion, a P/E ratio of 134.8276 and a beta of 1.26. The stock’s 50 day moving average price is $34.82 and its 200 day moving average price is $32.44. Pebblebrook Hotel Trust has a 12-month low of $23.56 and a 12-month high of $37.42.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $205.72 million for the quarter, compared to analysts’ expectations of $199.30 million. Pebblebrook Hotel Trust had a return on equity of 2.59% and a net margin of 5.09%. Pebblebrook Hotel Trust’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. On average, analysts anticipate that Pebblebrook Hotel Trust will post $1.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Thursday, September 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 506.68%.

Pebblebrook Hotel Trust announced that its Board of Directors has approved a share repurchase plan on Thursday, July 27th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 4.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Phocas Financial Corp. Has $848,000 Position in Pebblebrook Hotel Trust (PEB)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/17/phocas-financial-corp-has-848000-position-in-pebblebrook-hotel-trust-peb.html.

PEB has been the topic of several analyst reports. ValuEngine raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a report on Wednesday, September 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $33.00 price objective on shares of Pebblebrook Hotel Trust in a report on Friday, June 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $31.50 price objective on shares of Pebblebrook Hotel Trust in a report on Thursday, October 12th. Finally, Goldman Sachs Group, Inc. (The) lowered Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and dropped t

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Pebblebrook Hotel Trust by 0.3% during the second quarter. Vanguard Group Inc. now owns 11,287,224 shares of the real estate investment trust’s stock worth $363,900,000 after acquiring an additional 38,873 shares during the period. BlackRock Inc. grew its holdings in Pebblebrook Hotel Trust by 4,493.2% during the first quarter. BlackRock Inc. now owns 7,499,473 shares of the real estate investment trust’s stock worth $219,060,000 after acquiring an additional 7,336,199 shares during the period. Goldman Sachs Group Inc. grew its holdings in Pebblebrook Hotel Trust by 10.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,476,191 shares of the real estate investment trust’s stock worth $189,169,000 after acquiring an additional 586,816 shares during the period. Brookfield Asset Management Inc. grew its holdings in Pebblebrook Hotel Trust by 3,466.2% during the first quarter. Brookfield Asset Management Inc. now owns 3,551,910 shares of the real estate investment trust’s stock worth $103,751,000 after acquiring an additional 3,452,310 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Pebblebrook Hotel Trust by 156.1% during the second quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock worth $81,137,000 after acquiring an additional 1,533,874 shares during the period.

Pebblebrook Hotel Trust (NYSE:PEB) traded down 0.3558% during trading on Tuesday, hitting $37.0776. The stock had a trading volume of 78,516 shares. The firm has a market cap of $2.56 billion, a P/E ratio of 134.8276 and a beta of 1.26. The stock’s 50 day moving average price is $34.82 and its 200 day moving average price is $32.44. Pebblebrook Hotel Trust has a 12-month low of $23.56 and a 12-month high of $37.42.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $205.72 million for the quarter, compared to analysts’ expectations of $199.30 million. Pebblebrook Hotel Trust had a return on equity of 2.59% and a net margin of 5.09%. Pebblebrook Hotel Trust’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. On average, analysts anticipate that Pebblebrook Hotel Trust will post $1.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Thursday, September 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 506.68%.

Pebblebrook Hotel Trust announced that its Board of Directors has approved a share repurchase plan on Thursday, July 27th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 4.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Phocas Financial Corp. Has $848,000 Position in Pebblebrook Hotel Trust (PEB)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/17/phocas-financial-corp-has-848000-position-in-pebblebrook-hotel-trust-peb.html.

PEB has been the topic of several analyst reports. ValuEngine raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a report on Wednesday, September 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $33.00 price objective on shares of Pebblebrook Hotel Trust in a report on Friday, June 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $31.50 price objective on shares of Pebblebrook Hotel Trust in a report on Thursday, October 12th. Finally, Goldman Sachs Group, Inc. (The) lowered Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $27.00 to $26.00 in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.06.

Pebblebrook Hotel Trust Profile

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

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Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

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