Pennsylvania R.E.I.T. (PEI) Given Consensus Rating of “Sell” by Analysts

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Shares of Pennsylvania R.E.I.T. (NYSE:PEI) have received a consensus rating of “Sell” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.88.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Pennsylvania R.E.I.T. from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Boenning Scattergood assumed coverage on shares of Pennsylvania R.E.I.T. in a research report on Thursday, December 20th. They issued a “neutral” rating on the stock. Barclays restated a “sell” rating and issued a $6.00 price target on shares of Pennsylvania R.E.I.T. in a research report on Wednesday, January 16th. JPMorgan Chase & Co. downgraded shares of Pennsylvania R.E.I.T. from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $10.00 to $8.00 in a research report on Wednesday, December 19th. Finally, Citigroup set a $7.00 price target on shares of Pennsylvania R.E.I.T. and gave the stock a “hold” rating in a research report on Tuesday, February 26th.

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Pennsylvania R.E.I.T. by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 893,967 shares of the real estate investment trust’s stock worth $5,310,000 after acquiring an additional 48,408 shares during the period. Norges Bank acquired a new stake in shares of Pennsylvania R.E.I.T. in the 4th quarter worth about $3,803,000. Amalgamated Bank acquired a new stake in shares of Pennsylvania R.E.I.T. in the 4th quarter worth about $63,000. Legal & General Group Plc increased its holdings in shares of Pennsylvania R.E.I.T. by 1.1% in the 4th quarter. Legal & General Group Plc now owns 341,279 shares of the real estate investment trust’s stock worth $2,034,000 after acquiring an additional 3,783 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Pennsylvania R.E.I.T. in the 4th quarter worth about $118,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Pennsylvania R.E.I.T. stock traded down $0.15 during trading hours on Monday, hitting $5.85. The company’s stock had a trading volume of 1,146,160 shares, compared to its average volume of 1,451,070. Pennsylvania R.E.I.T. has a 1-year low of $5.51 and a 1-year high of $12.45. The firm has a market capitalization of $426.60 million, a P/E ratio of 3.80 and a beta of 1.52. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 3.04.

Pennsylvania R.E.I.T. (NYSE:PEI) last released its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($1.77). The business had revenue of $95.33 million during the quarter, compared to analyst estimates of $96.88 million. Pennsylvania R.E.I.T. had a negative return on equity of 16.89% and a negative net margin of 30.84%. On average, research analysts expect that Pennsylvania R.E.I.T. will post 1.25 EPS for the current fiscal year.

About Pennsylvania R.E.I.T.

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.

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Analyst Recommendations for Pennsylvania R.E.I.T. (NYSE:PEI)

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