Brokerages expect Pennsylvania Real Estate Investment Trust (NYSE:PEI) to post $0.49 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Pennsylvania Real Estate Investment Trust’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.48. Pennsylvania Real Estate Investment Trust reported earnings per share of ($0.40) in the same quarter last year, which suggests a positive year-over-year growth rate of 222.5%. The company is expected to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Pennsylvania Real Estate Investment Trust will report full-year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.65. For the next fiscal year, analysts expect that the business will report earnings of $1.74 per share, with EPS estimates ranging from $1.69 to $1.81. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Pennsylvania Real Estate Investment Trust.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The firm 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 business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS.

A number of research analysts have recently commented on the stock. ValuEngine upgraded shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Zacks Investment Research raised shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a report on Wednesday, September 6th. Finally, Stifel Nicolaus set a $11.00 price objective on shares of Pennsylvania Real Estate Investment Trust and gave the stock a “hold” rating in a report on Sunday, September 10th. 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. The company has a consensus rating of “Hold” and a consensus price target of $13.83.

A number of institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System increased its position in shares of Pennsylvania Real Estate Investment Trust by 12.6% in the third quarter. California Public Employees Retirement System now owns 206,566 shares of the real estate investment trust’s stock valued at $2,167,000 after acquiring an additional 23,132 shares during the period. Kalos Management Inc. increased its position in shares of Pennsylvania Real Estate Investment Trust by 25.1% in the third quarter. Kalos Management Inc. now owns 66,182 shares of the real estate investment trust’s stock valued at $694,000 after acquiring an additional 13,287 shares during the period. Highbridge Capital Management LLC increased its position in shares of Pennsylvania Real Estate Investment Trust by 346.6% in the third quarter. Highbridge Capital Management LLC now owns 401,958 shares of the real estate investment trust’s stock valued at $4,217,000 after acquiring an additional 311,958 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Pennsylvania Real Estate Investment Trust by 4.8% in the third quarter. Asset Management One Co. Ltd. now owns 162,094 shares of the real estate investment trust’s stock valued at $1,705,000 after acquiring an additional 7,449 shares during the period. Finally, AMP Capital Investors Ltd increased its position in shares of Pennsylvania Real Estate Investment Trust by 25.9% in the third quarter. AMP Capital Investors Ltd now owns 98,342 shares of the real estate investment trust’s stock valued at $1,032,000 after acquiring an additional 20,242 shares during the period. 97.74% of the stock is owned by institutional investors and hedge funds.

Pennsylvania Real Estate Investment Trust (PEI) traded down $0.45 on Wednesday, hitting $11.04. 1,331,800 shares of the stock were exchanged, compared to its average volume of 1,471,306. The stock has a market cap of $803.25, a price-to-earnings ratio of 6.64 and a beta of 1.35. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.91 and a quick ratio of 1.91. Pennsylvania Real Estate Investment Trust has a 12-month low of $9.32 and a 12-month high of $19.99.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 7.61%. The ex-dividend date was Thursday, November 30th. Pennsylvania Real Estate Investment Trust’s dividend payout ratio is presently -67.74%.

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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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Earnings History and Estimates for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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