Pennsylvania Real Estate Investment Trust (NYSE:PEI)‘s stock had its “sell” rating reiterated by equities research analysts at Barclays PLC in a research note issued to investors on Wednesday.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, October 26th. SunTrust Banks, Inc. downgraded shares of Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a report on Thursday, January 19th. Finally, Stifel Nicolaus downgraded shares of Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $27.00 to $22.00 in a report on Monday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.00.

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

Pennsylvania Real Estate Investment Trust (NYSE:PEI) opened at 17.27 on Wednesday. Pennsylvania Real Estate Investment Trust has a 1-year low of $16.73 and a 1-year high of $25.67. The company’s 50-day moving average is $18.16 and its 200 day moving average is $20.84. The firm’s market capitalization is $1.20 billion.

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Several hedge funds have recently bought and sold shares of PEI. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Pennsylvania Real Estate Investment Trust by 1.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,101 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 127 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Pennsylvania Real Estate Investment Trust by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 15,420 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 250 shares during the period. LifePlan Financial Group Inc increased its stake in Pennsylvania Real Estate Investment Trust by 4.0% in the third quarter. LifePlan Financial Group Inc now owns 12,465 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 477 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Pennsylvania Real Estate Investment Trust by 1.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 43,400 shares of the real estate investment trust’s stock worth $1,000,000 after buying an additional 500 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its stake in Pennsylvania Real Estate Investment Trust by 1.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 52,140 shares of the real estate investment trust’s stock worth $1,118,000 after buying an additional 676 shares during the period. Institutional investors own 93.69% of the company’s stock.

Pennsylvania Real Estate Investment Trust Company Profile

Pennsylvania Real Estate Investment Trust (PREIT) is an integrated, self-managed and self-administered real estate investment trust (REIT). The Company has a primary investment focus on retail shopping malls located in the eastern half of the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls.

5 Day Chart for NYSE:PEI

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