Amica Mutual Insurance Co. raised its holdings in shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) by 27.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 264,202 shares of the real estate investment trust’s stock after purchasing an additional 56,372 shares during the period. Amica Mutual Insurance Co. owned about 0.38% of Pennsylvania Real Estate Investment Trust worth $2,771,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dupont Capital Management Corp boosted its holdings 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 acquiring an additional 5,117 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Pennsylvania Real Estate Investment Trust during the third quarter valued at $146,000. SG Americas Securities LLC boosted its holdings in shares of Pennsylvania Real Estate Investment Trust by 46.3% during 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 period. Piedmont Investment Advisors LLC acquired a new position in shares of Pennsylvania Real Estate Investment Trust during the second quarter valued at $171,000. Finally, BlueCrest Capital Management Ltd boosted its holdings in shares of Pennsylvania Real Estate Investment Trust by 13.6% during 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 period. Hedge funds and other institutional investors own 98.97% of the company’s stock.

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Pennsylvania Real Estate Investment Trust (NYSE:PEI) traded up $0.16 during mid-day trading on Friday, reaching $11.52. 792,600 shares of the company traded hands, compared to its average volume of 1,462,301. The firm has a market capitalization of $805.35, a P/E ratio of 6.66 and a beta of 1.29. Pennsylvania Real Estate Investment Trust has a 1-year low of $9.32 and a 1-year high of $20.21. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.79.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 7.29%. The ex-dividend date is Thursday, November 30th. Pennsylvania Real Estate Investment Trust’s payout ratio is currently -67.74%.

Several equities analysts have recently issued reports on PEI shares. ValuEngine raised shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus reissued a “hold” rating and set a $11.00 price target on shares of Pennsylvania Real Estate Investment Trust in a report on Thursday, October 12th. Boenning Scattergood reissued a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a report on Thursday, August 10th. BidaskClub raised shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $13.83.

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).

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Institutional Ownership by Quarter for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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