Pennsylvania Real Estate Investment Trust (NYSE:PEI)‘s stock had its “hold” rating reissued by investment analysts at Boenning Scattergood in a note issued to investors on Friday. Boenning Scattergood also issued estimates for Pennsylvania Real Estate Investment Trust’s Q4 2017 earnings at $0.49 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.53 EPS and FY2018 earnings at $1.81 EPS.

Several other research firms also recently issued reports on PEI. Zacks Investment Research downgraded Pennsylvania Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. BidaskClub upgraded Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus assumed coverage on Pennsylvania Real Estate Investment Trust in a research note on Friday, July 14th. They set a “hold” rating and a $11.50 price target for the company. Barclays PLC decreased their price target on Pennsylvania Real Estate Investment Trust from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Tuesday, August 15th. Finally, Citigroup Inc. decreased their target price on Pennsylvania Real Estate Investment Trust from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.92.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) traded down $0.81 on Friday, hitting $9.80. The stock had a trading volume of 4,110,000 shares, compared to its average volume of 1,592,032. The company has a market cap of $685.11, a P/E ratio of 5.66 and a beta of 1.29. Pennsylvania Real Estate Investment Trust has a 52 week low of $9.32 and a 52 week high of $20.58. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.74 and a current ratio of 1.91.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $89.20 million during the quarter, compared to the consensus estimate of $98.85 million. Pennsylvania Real Estate Investment Trust had a negative return on equity of 7.60% and a negative net margin of 16.35%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. research analysts predict that Pennsylvania Real Estate Investment Trust will post 1.65 EPS for the current year.

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A number of large investors have recently made changes to their positions in PEI. UBS Asset Management Americas Inc. boosted its stake in Pennsylvania Real Estate Investment Trust by 17.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 133,582 shares of the real estate investment trust’s stock valued at $2,022,000 after purchasing an additional 19,728 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Pennsylvania Real Estate Investment Trust by 17.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 171,272 shares of the real estate investment trust’s stock valued at $2,593,000 after purchasing an additional 25,538 shares during the period. Principal Financial Group Inc. boosted its stake in Pennsylvania Real Estate Investment Trust by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 528,110 shares of the real estate investment trust’s stock valued at $7,996,000 after purchasing an additional 18,147 shares during the period. Thrivent Financial For Lutherans boosted its stake in Pennsylvania Real Estate Investment Trust by 2.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 58,496 shares of the real estate investment trust’s stock valued at $886,000 after purchasing an additional 1,410 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Pennsylvania Real Estate Investment Trust by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 11,356,104 shares of the real estate investment trust’s stock worth $171,931,000 after acquiring an additional 168,178 shares during the period. Hedge funds and other institutional investors own 98.97% of the company’s stock.

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).

Analyst Recommendations for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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