Phocas Financial Corp. Has $3.53 Million Stock Holdings in Pebblebrook Hotel Trust (NYSE:PEB)

Phocas Financial Corp. grew its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 437.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,570 shares of the real estate investment trust's stock after purchasing an additional 179,518 shares during the period. Phocas Financial Corp. owned about 0.18% of Pebblebrook Hotel Trust worth $3,525,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in Pebblebrook Hotel Trust by 76.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,525 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 3,256 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Pebblebrook Hotel Trust by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust's stock worth $104,000 after acquiring an additional 884 shares in the last quarter. XTX Topco Ltd purchased a new stake in Pebblebrook Hotel Trust in the 1st quarter worth about $237,000. Captrust Financial Advisors purchased a new stake in Pebblebrook Hotel Trust in the 2nd quarter worth about $176,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Pebblebrook Hotel Trust in the 3rd quarter worth about $148,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PEB. Wells Fargo & Company upped their target price on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, December 22nd. Compass Point reaffirmed a "neutral" rating and issued a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Bank of America lowered Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.50 target price on the stock. in a research report on Monday, January 8th. Finally, Truist Financial upped their target price on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a "hold" rating in a research report on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $14.78.

Pebblebrook Hotel Trust Stock Down 1.9 %

Shares of NYSE PEB traded down $0.29 during mid-day trading on Monday, reaching $15.01. 748,452 shares of the company traded hands, compared to its average volume of 1,525,715. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $1.80 billion, a PE ratio of -15.47, a price-to-earnings-growth ratio of 0.70 and a beta of 1.86. The company's fifty day moving average is $15.74 and its two-hundred day moving average is $14.59. Pebblebrook Hotel Trust has a fifty-two week low of $11.39 and a fifty-two week high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.06. The business had revenue of $334.10 million for the quarter, compared to analyst estimates of $325.42 million. Pebblebrook Hotel Trust had a negative return on equity of 2.65% and a negative net margin of 5.49%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. On average, analysts expect that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Wednesday, March 27th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is currently -4.12%.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, insider Thomas Charles Fisher sold 11,441 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $15.62, for a total value of $178,708.42. Following the sale, the insider now owns 254,449 shares of the company's stock, valued at approximately $3,974,493.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company's stock.

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.