Wall Street analysts forecast that Pennsylvania Real Estate Investment Trust (NYSE:PEI) will announce $0.41 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Pennsylvania Real Estate Investment Trust’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.43. Pennsylvania Real Estate Investment Trust posted earnings per share of ($0.02) during the same quarter last year, which would indicate a positive year-over-year growth rate of 2,150%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, November 1st.

On average, analysts expect that Pennsylvania Real Estate Investment Trust will report full year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.68. For the next fiscal year, analysts expect that the firm will post earnings of $1.76 per share, with EPS estimates ranging from $1.69 to $1.86. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Pennsylvania Real Estate Investment Trust.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Pennsylvania Real Estate Investment Trust had a negative return on equity of 9.06% and a negative net margin of 18.13%. The business had revenue of $89.25 million during the quarter, compared to analyst estimates of $95.60 million. During the same period in the prior year, the company earned $0.43 earnings per share. Pennsylvania Real Estate Investment Trust’s revenue was down 5.3% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. ValuEngine downgraded shares of Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Stifel Nicolaus assumed coverage on shares of Pennsylvania Real Estate Investment Trust in a research report on Friday, July 14th. They set a “hold” rating and a $11.50 price objective for the company. Boenning Scattergood reissued a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, August 10th. Finally, Barclays PLC cut their price objective on shares of Pennsylvania Real Estate Investment Trust from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.08.

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A number of institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its holdings in Pennsylvania Real Estate Investment Trust by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 28,400 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its holdings in Pennsylvania Real Estate Investment Trust by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 36,413 shares of the real estate investment trust’s stock worth $412,000 after buying an additional 200 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Pennsylvania Real Estate Investment Trust by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,400 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 550 shares during the period. Texas Permanent School Fund boosted its holdings in Pennsylvania Real Estate Investment Trust by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 50,918 shares of the real estate investment trust’s stock worth $576,000 after buying an additional 613 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in Pennsylvania Real Estate Investment Trust by 0.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 83,543 shares of the real estate investment trust’s stock worth $946,000 after buying an additional 754 shares during the period. 98.97% of the stock is owned by institutional investors.

Shares of Pennsylvania Real Estate Investment Trust (PEI) traded up 0.99% during trading on Thursday, reaching $11.22. The company’s stock had a trading volume of 1,905,258 shares. The firm’s 50-day moving average price is $10.35 and its 200-day moving average price is $11.88. The company’s market capitalization is $783.46 million. Pennsylvania Real Estate Investment Trust has a one year low of $9.75 and a one year high of $22.23.

About Pennsylvania Real Estate Investment Trust

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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