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Pennsylvania R.E.I.T. (NYSE:PEI)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Thursday. They currently have a $21.00 price objective on the stock, up from their previous price objective of $20.00. Citigroup Inc.’s price objective would indicate a potential upside of 6.11% from the company’s current price.

Shares of Pennsylvania R.E.I.T. (NYSE:PEI) traded down 0.25% during mid-day trading on Thursday, hitting $19.74. 65,024 shares of the company’s stock traded hands. Pennsylvania R.E.I.T. has a 52 week low of $16.35 and a 52 week high of $20.05. The stock has a 50-day moving average of $19.1 and a 200-day moving average of $18.22. The company’s market cap is $1.358 billion.

Pennsylvania R.E.I.T. (NYSE:PEI) last released its earnings data on Tuesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $106.83 million for the quarter, compared to the consensus estimate of $72.44 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Pennsylvania R.E.I.T. will post $1.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, August 28th.

Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Pennsylvania R.E.I.T. in a research note on Monday, July 21st. They now have a $19.00 price target on the stock, up previously from $18.00.

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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