Institutional Investors Sentiment Indicator of Pennsylvania Real Estate Investment Trust (NYSE:PEI) Increases in Q1 2018

June 8, 2018 - By Jan Rainey

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Sentiment for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

Pennsylvania Real Estate Investment Trust (NYSE:PEI) institutional sentiment increased to 1.26 in 2018 Q1. Its up 0.23, from 1.03 in 2017Q4. The ratio is better, as 86 hedge funds opened new or increased holdings, while 68 reduced and sold positions in Pennsylvania Real Estate Investment Trust. The hedge funds in our partner’s database reported: 67.00 million shares, up from 65.48 million shares in 2017Q4. Also, the number of hedge funds holding Pennsylvania Real Estate Investment Trust in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 14 Reduced: 54 Increased: 55 New Position: 31.

Pennsylvania Real Estate Investment Trust is a publicly owned equity real estate investment trust. The company has market cap of $943.52 million. The firm manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern United States. It currently has negative earnings. It also provides management, leasing, and development services to affiliate and third party property owners.

The stock increased 0.59% or $0.07 during the last trading session, reaching $12. About 326,977 shares traded. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 10.64% since June 8, 2017 and is downtrending. It has underperformed by 23.21% the S&P500.

Analysts await Pennsylvania Real Estate Investment Trust (NYSE:PEI) to report earnings on August, 14. They expect $0.34 earnings per share, down 12.82 % or $0.05 from last year’s $0.39 per share. PEI’s profit will be $26.73 million for 8.82 P/E if the $0.34 EPS becomes a reality. After $0.29 actual earnings per share reported by Pennsylvania Real Estate Investment Trust for the previous quarter, Wall Street now forecasts 17.24 % EPS growth.

Presima Inc. holds 2.62% of its portfolio in Pennsylvania Real Estate Investment Trust for 2.10 million shares. King Street Capital Management L.P. owns 2.00 million shares or 1.68% of their US portfolio. Moreover, Aew Capital Management L P has 1.01% invested in the company for 3.73 million shares. The New York-based Hollow Brook Wealth Management Llc has invested 0.82% in the stock. Landscape Capital Management L.L.C., a New Jersey-based fund reported 484,200 shares.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Ratings Coverage

Ratings analysis reveals 0 of Pennsylvania Real Estate’s analysts are positive. Out of 6 Wall Street analysts rating Pennsylvania Real Estate, 0 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $1000 while the high is $12.0. The stock’s average target of $10.30 is -14.17% below today’s ($12) share price. PEI was included in 9 notes of analysts from January 19, 2018. Barclays Capital maintained Pennsylvania Real Estate Investment Trust (NYSE:PEI) rating on Tuesday, March 13. Barclays Capital has “Underweight” rating and $10 target. Citigroup maintained the stock with “Neutral” rating in Wednesday, February 21 report. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, May 2 report. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, February 15 report. Boenning & Scattergood maintained the stock with “Hold” rating in Thursday, May 3 report. The company was maintained on Tuesday, April 3 by SunTrust. The stock has “Hold” rating by Stifel Nicolaus on Monday, January 29. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) earned “Hold” rating by Boenning & Scattergood on Friday, February 16.

More news for Pennsylvania Real Estate Investment Trust (NYSE:PEI) were recently published by: Nasdaq.com, which released: “Mid-Afternoon Market Update: Crude Oil Down 2.5%; American Woodmark Shares Spike Higher” on May 29, 2018. Bizjournals.com‘s article titled: “Here’s what will finally replace the shuttered Wood Ranch BBQ at Springfield Town Center” and published on May 24, 2018 is yet another important article.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Institutional Positions Chart

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