Pennsylvania Real Estate Investment Trust (NYSE:PEI) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Pennsylvania Real Estate Investment Trust to post earnings of $0.02 per share for the quarter. Pennsylvania Real Estate Investment Trust has set its FY17 guidance at $1.66 – $1.72 EPS.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Pennsylvania Real Estate Investment Trust had a negative net margin of 18.13% and a negative return on equity of 9.06%. The business had revenue of $89.25 million for the quarter, compared to analysts’ expectations of $95.60 million. During the same period in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, analysts expect Pennsylvania Real Estate Investment Trust to post $1.65 EPS for the current fiscal year and $1.74 EPS for the next fiscal year.

Shares of Pennsylvania Real Estate Investment Trust (NYSE PEI) opened at 10.19 on Wednesday. The stock’s market capitalization is $711.54 million. Pennsylvania Real Estate Investment Trust has a 1-year low of $9.75 and a 1-year high of $20.85. The firm has a 50-day moving average of $10.47 and a 200 day moving average of $11.46.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 8.24%. The ex-dividend date is Thursday, November 30th. Pennsylvania Real Estate Investment Trust’s dividend payout ratio is currently -64.12%.

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Several equities analysts have weighed in on PEI shares. Zacks Investment Research downgraded shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Stifel Nicolaus set a $11.00 target price on shares of Pennsylvania Real Estate Investment Trust and gave the stock a “hold” rating in a report on Sunday, September 10th. ValuEngine raised shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Mitsubishi UFJ Financial Group downgraded shares of Pennsylvania Real Estate Investment Trust from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $12.00 in a report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $13.92.

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).

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

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