Alps Advisors Inc. Has $515,000 Position in Pennsylvania Real Estate Investment Trust (NYSE:PEI)

Alps Advisors Inc. raised its holdings in shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) by 180.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,408 shares of the real estate investment trust’s stock after acquiring an additional 34,332 shares during the quarter. Alps Advisors Inc. owned approximately 0.08% of Pennsylvania Real Estate Investment Trust worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of PEI. Victory Capital Management Inc. lifted its stake in Pennsylvania Real Estate Investment Trust by 24.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,779,525 shares of the real estate investment trust’s stock worth $21,159,000 after purchasing an additional 350,456 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Pennsylvania Real Estate Investment Trust by 12.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,169,301 shares of the real estate investment trust’s stock worth $13,902,000 after buying an additional 130,535 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Pennsylvania Real Estate Investment Trust by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,076,519 shares of the real estate investment trust’s stock worth $11,293,000 after buying an additional 44,250 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Pennsylvania Real Estate Investment Trust by 12.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,063,416 shares of the real estate investment trust’s stock worth $12,645,000 after buying an additional 119,781 shares during the last quarter. Finally, Global X Management Co. LLC bought a new stake in shares of Pennsylvania Real Estate Investment Trust in the 1st quarter worth about $9,181,000.

A number of research firms have recently weighed in on PEI. Stifel Nicolaus reduced their target price on shares of Pennsylvania Real Estate Investment Trust from $11.50 to $10.50 and set a “hold” rating on the stock in a report on Wednesday, May 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a report on Friday, February 16th. ValuEngine downgraded shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Barclays dropped their target price on shares of Pennsylvania Real Estate Investment Trust from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 13th. Finally, SunTrust Banks restated a “hold” rating and issued a $10.00 target price on shares of Pennsylvania Real Estate Investment Trust in a research note on Tuesday, April 3rd. Five analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Pennsylvania Real Estate Investment Trust currently has a consensus rating of “Hold” and an average target price of $10.93.

NYSE:PEI opened at $9.91 on Friday. Pennsylvania Real Estate Investment Trust has a 52 week low of $8.86 and a 52 week high of $13.02. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $679.62 million, a P/E ratio of 5.93 and a beta of 1.20.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last issued its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.48). Pennsylvania Real Estate Investment Trust had a negative net margin of 8.84% and a negative return on equity of 4.08%. The company had revenue of $85.39 million for the quarter, compared to analyst estimates of $89.44 million. equities analysts anticipate that Pennsylvania Real Estate Investment Trust will post 1.52 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a $0.21 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.48%. Pennsylvania Real Estate Investment Trust’s payout ratio is currently 50.30%.

Pennsylvania Real Estate Investment Trust Profile

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely populated eastern U.S.

Institutional Ownership by Quarter for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

Receive News & Ratings for Pennsylvania Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennsylvania Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply