Pennsylvania Real Estate Investment Trust (NYSE:PEI) – Analysts at Boenning Scattergood cut their Q1 2018 earnings per share (EPS) estimates for Pennsylvania Real Estate Investment Trust in a note issued to investors on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will earn $0.40 per share for the quarter, down from their prior forecast of $0.42. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Pennsylvania Real Estate Investment Trust’s Q2 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $1.74 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.54 EPS and FY2019 earnings at $1.88 EPS.

PEI has been the subject of several other research reports. Citigroup dropped their price target on shares of Pennsylvania Real Estate Investment Trust from $12.50 to $12.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Stifel Nicolaus reissued a “hold” rating and issued a $11.00 price target on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, October 12th. ValuEngine raised shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Barclays reissued a “sell” rating and issued a $10.00 price target on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $13.71.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) opened at $11.50 on Wednesday. The company has a market cap of $799.76, a PE ratio of -9.27 and a beta of 1.35. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 1.79. Pennsylvania Real Estate Investment Trust has a 52-week low of $9.32 and a 52-week high of $18.98.

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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The business had revenue of $89.20 million during the quarter, compared to analyst estimates of $98.85 million. Pennsylvania Real Estate Investment Trust had a negative net margin of 16.35% and a negative return on equity of 7.60%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. bought a new stake in shares of Pennsylvania Real Estate Investment Trust during the third quarter valued at approximately $146,000. SG Americas Securities LLC boosted its stake in Pennsylvania Real Estate Investment Trust by 46.3% in the second quarter. SG Americas Securities LLC now owns 14,618 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 4,624 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Pennsylvania Real Estate Investment Trust in the second quarter valued at approximately $171,000. BlueCrest Capital Management Ltd boosted its stake in Pennsylvania Real Estate Investment Trust by 13.6% in the second quarter. BlueCrest Capital Management Ltd now owns 15,152 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 1,818 shares during the last quarter. Finally, Hartland & Co. LLC bought a new position in Pennsylvania Real Estate Investment Trust in the third quarter valued at approximately $185,000. 97.74% of the stock is currently owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 7.30%. Pennsylvania Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -67.74%.

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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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