Pennsylvania Real Estate Investment Trust (PEI) Given Hold Rating at Boenning Scattergood

Pennsylvania Real Estate Investment Trust (NYSE:PEI)‘s stock had its “hold” rating reaffirmed by Boenning Scattergood in a research report issued on Friday, November 3rd. Boenning Scattergood also issued estimates for Pennsylvania Real Estate Investment Trust’s Q4 2017 earnings at $0.49 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.53 EPS and FY2018 earnings at $1.81 EPS.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Barclays PLC restated a “sell” rating and issued a $10.00 target price on shares of Pennsylvania Real Estate Investment Trust in a report on Thursday, October 19th. Stifel Nicolaus restated a “hold” rating and issued a $11.00 target price on shares of Pennsylvania Real Estate Investment Trust in a report on Thursday, October 12th. ValuEngine upgraded shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Mitsubishi UFJ Financial Group cut shares of Pennsylvania Real Estate Investment Trust from an “overweight” rating to a “neutral” rating and cut their price target for the company from $16.00 to $12.00 in a report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Pennsylvania Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of $13.83.

Pennsylvania Real Estate Investment Trust (PEI) opened at $10.75 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 1.79. Pennsylvania Real Estate Investment Trust has a 1 year low of $9.32 and a 1 year high of $20.58. The firm has a market cap of $755.02, a PE ratio of 6.24 and a beta of 1.29.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $89.20 million during the quarter, compared to analyst estimates of $98.85 million. Pennsylvania Real Estate Investment Trust had a negative net margin of 16.35% and a negative return on equity of 7.60%. Pennsylvania Real Estate Investment Trust’s revenue was down 9.8% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. sell-side analysts expect that Pennsylvania Real Estate Investment Trust will post 1.65 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Pennsylvania Real Estate Investment Trust by 10,081.1% in the 1st quarter. BlackRock Inc. now owns 10,229,923 shares of the real estate investment trust’s stock worth $154,881,000 after purchasing an additional 10,129,443 shares during the period. Presima Inc. raised its holdings in shares of Pennsylvania Real Estate Investment Trust by 361.4% during the 3rd quarter. Presima Inc. now owns 2,059,300 shares of the real estate investment trust’s stock worth $21,602,000 after acquiring an additional 1,613,000 shares in the last quarter. King Street Capital Management L.P. raised its holdings in shares of Pennsylvania Real Estate Investment Trust by 240.0% during the 3rd quarter. King Street Capital Management L.P. now owns 1,700,000 shares of the real estate investment trust’s stock worth $17,833,000 after acquiring an additional 1,200,000 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Pennsylvania Real Estate Investment Trust by 1,627.5% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 679,272 shares of the real estate investment trust’s stock worth $7,689,000 after acquiring an additional 639,951 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its holdings in shares of Pennsylvania Real Estate Investment Trust by 66.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,561,440 shares of the real estate investment trust’s stock worth $17,676,000 after acquiring an additional 623,301 shares in the last quarter. Institutional investors own 99.35% of the company’s stock.

Pennsylvania Real Estate Investment Trust Company Profile

Pennsylvania Real Estate Investment Trust (PREIT) is a self-managed and self-administered real estate investment trust (REIT). The Company’s primary business is owning and operating retail shopping malls, which it does primarily through operating partnership, PREIT Associates, L.P. (PREIT Associates).

Analyst Recommendations for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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