Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.83.

A number of equities research analysts recently weighed in on the company. ValuEngine cut Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Boenning Scattergood reiterated a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a research report on Friday, November 3rd. Barclays lowered their price objective on Pennsylvania Real Estate Investment Trust from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 15th. Stifel Nicolaus set a $11.00 target price on Pennsylvania Real Estate Investment Trust and gave the stock a “hold” rating in a report on Sunday, September 10th. Finally, BidaskClub lowered Pennsylvania Real Estate Investment Trust from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd.

Large investors have recently made changes to their positions in the stock. Dupont Capital Management Corp boosted its position in shares of Pennsylvania Real Estate Investment Trust by 77.4% during the second quarter. Dupont Capital Management Corp now owns 11,727 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 5,117 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Pennsylvania Real Estate Investment Trust during the 3rd quarter valued at $146,000. SG Americas Securities LLC raised its stake in shares of Pennsylvania Real Estate Investment Trust by 46.3% during the 2nd quarter. SG Americas Securities LLC now owns 14,618 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 4,624 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Pennsylvania Real Estate Investment Trust during the 2nd quarter valued at $171,000. Finally, BlueCrest Capital Management Ltd raised its stake in shares of Pennsylvania Real Estate Investment Trust by 13.6% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 15,152 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 1,818 shares during the period. 98.97% of the stock is currently owned by institutional investors.

Pennsylvania Real Estate Investment Trust (NYSE PEI) opened at $11.09 on Friday. Pennsylvania Real Estate Investment Trust has a 12-month low of $9.32 and a 12-month high of $20.21. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.91 and a current ratio of 1.91. The firm has a market capitalization of $793.47, a P/E ratio of 6.56 and a beta of 1.29.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 7.57%. Pennsylvania Real Estate Investment Trust’s dividend payout ratio is -67.74%.

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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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