Pennsylvania Real Estate Investment Trust Given “Equal Weight” Rating at Barclays (PEI)
Pennsylvania Real Estate Investment Trust (NYSE:PEI)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays in a research report issued on Monday. They currently have a $19.00 price target on the stock, up from their previous price target of $18.00. Barclays’ price objective suggests a potential downside of 1.20% from the stock’s previous close.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) traded up 0.10% on Monday, hitting $19.25. 473,836 shares of the company’s stock traded hands. Pennsylvania Real Estate Investment Trust has a 52-week low of $16.35 and a 52-week high of $22.19. The stock’s 50-day moving average is $18.38 and its 200-day moving average is $18.19. The company’s market cap is $1.323 billion.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.16%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Pennsylvania Real Estate Investment Trust in a research note on Monday. They now have a $20.00 price target on the stock, up previously from $18.00. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $20.43.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) is a fully integrated, self-managed and self-administered real estate investment trust (REIT).
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