Pennsylvania Real Estate Investment Trust (NYSE:PEI) Earns News Sentiment Rating of 0.33

Press coverage about Pennsylvania Real Estate Investment Trust (NYSE:PEI) has been trending positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pennsylvania Real Estate Investment Trust earned a coverage optimism score of 0.33 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.602954255484 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

PEI has been the subject of several analyst reports. Citigroup dropped their price target on shares of Pennsylvania Real Estate Investment Trust from $12.50 to $12.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. Boenning Scattergood restated a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a report on Friday, November 3rd. Stifel Nicolaus set a $11.00 price objective on shares of Pennsylvania Real Estate Investment Trust and gave the stock a “hold” rating in a report on Sunday, September 10th. 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 lowered shares of Pennsylvania Real Estate Investment Trust from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $16.00 to $12.00 in a report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $13.83.

Shares of Pennsylvania Real Estate Investment Trust (PEI) opened at $10.78 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market cap of $753.62, a P/E ratio of 6.23 and a beta of 1.34. Pennsylvania Real Estate Investment Trust has a 52-week low of $9.32 and a 52-week high of $20.21.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The firm had revenue of $89.20 million for the quarter, compared to the consensus estimate 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%. The company’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. equities research analysts anticipate that Pennsylvania Real Estate Investment Trust will post 1.65 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 7.79%. The ex-dividend date is Thursday, November 30th. Pennsylvania Real Estate Investment Trust’s payout ratio is currently -67.74%.

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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).

Insider Buying and Selling by Quarter for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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