Pennsylvania Real Estate Investment Trust (NYSE:PEI) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.66 – $1.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.67.

Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) traded down 2.47% on Tuesday, hitting $11.84. The stock had a trading volume of 1,235,415 shares. The firm has a 50-day moving average price of $11.57 and a 200-day moving average price of $13.89. The stock’s market capitalization is $825.73 million. Pennsylvania Real Estate Investment Trust has a 52 week low of $10.00 and a 52 week high of $25.43.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date of this dividend is Wednesday, August 30th. Pennsylvania Real Estate Investment Trust’s dividend payout ratio (DPR) is -182.61%.

A number of brokerages have recently commented on PEI. BidaskClub raised Pennsylvania Real Estate Investment Trust from a sell rating to a hold rating in a research note on Monday, July 31st. Zacks Investment Research lowered Pennsylvania Real Estate Investment Trust from a hold rating to a sell rating in a research report on Friday, July 21st. Stifel Nicolaus initiated coverage on Pennsylvania Real Estate Investment Trust in a research report on Friday, July 14th. They set a hold rating and a $11.50 target price for the company. ValuEngine lowered Pennsylvania Real Estate Investment Trust from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Boenning Scattergood lowered Pennsylvania Real Estate Investment Trust from an outperform rating to a neutral rating in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock has an average rating of Hold and a consensus target price of $16.70.

In other Pennsylvania Real Estate Investment Trust news, Director John Joseph Roberts bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average cost of $10.76 per share, for a total transaction of $107,600.00. Following the purchase, the director now directly owns 33,060 shares in the company, valued at $355,725.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George J. Alburger, Jr. bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were acquired at an average price of $11.78 per share, for a total transaction of $58,900.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $58,900. The disclosure for this purchase can be found here. Insiders bought a total of 35,000 shares of company stock worth $391,000 over the last quarter. Company insiders own 4.40% of the company’s stock.

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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).

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

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