Pennsylvania Real Estate Investment Trust (PEI) Has Another Very Strong Trading Session

February 23, 2018 - By Winifred Garcia

Investors sentiment increased to 1.53 in 2017 Q3. Its up 0.10, from 1.43 in 2017Q2. It is positive, as 18 investors sold Pennsylvania Real Estate Investment Trust shares while 42 reduced holdings. 26 funds opened positions while 66 raised stakes. 68.13 million shares or 7.16% more from 63.58 million shares in 2017Q2 were reported.
Thrivent For Lutherans stated it has 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Amp Invsts Ltd owns 98,342 shares or 0.01% of their US portfolio. Parametric Associates Ltd holds 281,300 shares or 0% of its portfolio. Mycio Wealth Prtn Lc holds 0.02% or 13,051 shares in its portfolio. Ameriprise holds 0% or 378,989 shares. Green Street Invsts Ltd Llc holds 127,100 shares. Amica Retiree stated it has 34,355 shares or 0.28% of all its holdings. Barclays Public Limited Liability Com reported 0% stake. Teachers Retirement System Of The State Of Kentucky accumulated 24,000 shares. Arizona State Retirement System reported 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Point72 Asia (Hong Kong) Limited owns 772 shares for 0.01% of their portfolio. State Of Tennessee Treasury Department holds 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI) or 60,921 shares. Credit Suisse Ag stated it has 193,654 shares or 0% of all its holdings. Amica Mutual Ins holds 264,202 shares. Profund Advsrs Limited Co has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI).

The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) is a huge mover today! The stock increased 3.85% or $0.39 during the last trading session, reaching $10.52. About 676,325 shares traded. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 47.73% since February 23, 2017 and is downtrending. It has underperformed by 64.43% the S&P500.
The move comes after 5 months positive chart setup for the $827.34M company. It was reported on Feb, 23 by Barchart.com. We have $10.94 PT which if reached, will make NYSE:PEI worth $33.09M more.

Analysts await Pennsylvania Real Estate Investment Trust (NYSE:PEI) to report earnings on April, 24. They expect $0.36 EPS, up 2.86 % or $0.01 from last year’s $0.35 per share. PEI’s profit will be $28.31 million for 7.31 P/E if the $0.36 EPS becomes a reality. After $0.51 actual EPS reported by Pennsylvania Real Estate Investment Trust for the previous quarter, Wall Street now forecasts -29.41 % negative EPS growth.

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

Among 8 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 0 have Buy rating, 2 Sell and 6 Hold. Therefore 0 are positive. Pennslyvania Real Estate Investment Trust had 22 analyst reports since January 26, 2016 according to SRatingsIntel. As per Tuesday, October 10, the company rating was maintained by Stifel Nicolaus. On Friday, November 3 the stock rating was maintained by Boenning & Scattergood with “Hold”. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) has “Neutral” rating given on Wednesday, February 21 by Citigroup. As per Friday, January 20, the company rating was downgraded by SunTrust. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) has “Outperform” rating given on Wednesday, April 6 by Boenning & Scattergood. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) earned “Buy” rating by Stifel Nicolaus on Wednesday, April 20. The stock has “Underperform” rating by Barclays Capital on Tuesday, January 26. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) earned “Neutral” rating by Citigroup on Friday, November 10. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, July 14. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) has “Hold” rating given on Friday, September 8 by Stifel Nicolaus.

More notable recent Pennsylvania Real Estate Investment Trust (NYSE:PEI) news were published by: Seekingalpha.com which released: “Pennsylvania REIT: Sum-Of-The-Parts Valuation Shows Significant Upside” on December 10, 2017, also Seekingalpha.com with their article: “7.3% Yield REIT Redeveloping Towards Higher Quality, Good Valuation” published on January 25, 2018, Seekingalpha.com published: “Buy And Hold This 7.39% Preferred Share From PREIT” on December 21, 2017. More interesting news about Pennsylvania Real Estate Investment Trust (NYSE:PEI) were released by: Seekingalpha.com and their article: “Why I Bought Pennsylvania REIT” published on May 18, 2017 as well as Seekingalpha.com‘s news article titled: “PREIT – Getting It Done And Paying 8.6%” with publication date: November 02, 2017.

PREIT is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. The company has market cap of $827.34 million. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely populated eastern U.S. with concentrations in the mid-Atlantic's top MSAs. It currently has negative earnings. Since 2012, the firm has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures.

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