Equities analysts predict that Pennsylvania Real Estate Investment Trust (NYSE:PEI) will post earnings per share of $0.37 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Pennsylvania Real Estate Investment Trust’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.35. Pennsylvania Real Estate Investment Trust reported earnings of $0.43 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 14%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, August 8th.

On average, analysts expect that Pennsylvania Real Estate Investment Trust will report full year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.64 to $1.70. For the next fiscal year, analysts forecast that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.74 to $2.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Pennsylvania Real Estate Investment Trust.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last released its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business had revenue of $89.26 million during the quarter, compared to the consensus estimate of $97.98 million. Pennsylvania Real Estate Investment Trust had a negative return on equity of 1.78% and a negative net margin of 3.49%. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Stifel Nicolaus assumed coverage on shares of Pennsylvania Real Estate Investment Trust in a report on Friday, July 14th. They set a “hold” rating and a $11.50 target price for the company. ValuEngine cut shares of Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Boenning Scattergood cut shares of Pennsylvania Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $14.00 target price (down from $15.00) on shares of Pennsylvania Real Estate Investment Trust in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Pennsylvania Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of $16.70.

In other news, CFO Robert F. Mccadden acquired 10,000 shares of Pennsylvania Real Estate Investment Trust stock in a transaction dated Monday, June 19th. The stock was purchased at an average cost of $10.88 per share, with a total value of $108,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George J. Alburger, Jr. acquired 5,000 shares of Pennsylvania Real Estate Investment Trust stock in a transaction dated Monday, June 12th. The stock was purchased at an average cost of $11.78 per share, with a total value of $58,900.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $58,900. The disclosure for this purchase can be found here. Over the last three months, insiders bought 35,000 shares of company stock valued at $391,000. Corporate insiders own 4.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. AEW Capital Management L P purchased a new stake in shares of Pennsylvania Real Estate Investment Trust during the first quarter worth about $10,867,000. IndexIQ Advisors LLC boosted its stake in shares of Pennsylvania Real Estate Investment Trust by 12.4% in the first quarter. IndexIQ Advisors LLC now owns 73,269 shares of the real estate investment trust’s stock worth $1,109,000 after buying an additional 8,071 shares during the period. APG Asset Management US Inc. boosted its stake in shares of Pennsylvania Real Estate Investment Trust by 6.9% in the first quarter. APG Asset Management US Inc. now owns 3,640,300 shares of the real estate investment trust’s stock worth $55,114,000 after buying an additional 233,469 shares during the period. Amica Mutual Insurance Co. boosted its stake in shares of Pennsylvania Real Estate Investment Trust by 37.0% in the first quarter. Amica Mutual Insurance Co. now owns 207,830 shares of the real estate investment trust’s stock worth $3,147,000 after buying an additional 56,103 shares during the period. Finally, Amica Retiree Medical Trust boosted its stake in shares of Pennsylvania Real Estate Investment Trust by 32.1% in the first quarter. Amica Retiree Medical Trust now owns 26,069 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 6,338 shares during the period. 97.67% of the stock is owned by hedge funds and other institutional investors.

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Pennsylvania Real Estate Investment Trust (PEI) opened at 12.02 on Monday. The company’s market capitalization is $838.29 million. The company has a 50-day moving average of $11.36 and a 200 day moving average of $14.33. Pennsylvania Real Estate Investment Trust has a 12-month low of $10.00 and a 12-month high of $25.67.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.99%. Pennsylvania Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -182.61%.

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).

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Earnings History and Estimates for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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