Wall Street analysts predict that Pennsylvania R.E.I.T. (NYSE:PEI) will report sales of $86.04 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pennsylvania R.E.I.T.’s earnings, with the lowest sales estimate coming in at $84.01 million and the highest estimate coming in at $88.50 million. Pennsylvania R.E.I.T. posted sales of $81.76 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The business is expected to announce its next quarterly earnings report after the market closes on Tuesday, July 30th.

On average, analysts expect that Pennsylvania R.E.I.T. will report full year sales of $355.24 million for the current fiscal year, with estimates ranging from $352.94 million to $359.60 million. For the next fiscal year, analysts anticipate that the company will post sales of $367.39 million, with estimates ranging from $359.73 million to $381.20 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Pennsylvania R.E.I.T..

Pennsylvania R.E.I.T. (NYSE:PEI) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.55). The company had revenue of $84.68 million during the quarter, compared to the consensus estimate of $86.85 million. Pennsylvania R.E.I.T. had a negative return on equity of 20.43% and a negative net margin of 34.03%.

Several research firms have weighed in on PEI. ValuEngine upgraded shares of USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Boenning Scattergood reiterated a “neutral” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research note on Monday, May 6th. Barclays set a €45.00 ($52.33) target price on shares of Zalando and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.67.

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Pennsylvania R.E.I.T. by 32.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,767 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,896 shares during the period. Amalgamated Bank acquired a new stake in Pennsylvania R.E.I.T. in the 4th quarter valued at about $63,000. Magnus Financial Group LLC acquired a new stake in Pennsylvania R.E.I.T. in the 1st quarter valued at about $96,000. BNP Paribas Arbitrage SA lifted its holdings in Pennsylvania R.E.I.T. by 41.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 16,163 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 4,755 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in Pennsylvania R.E.I.T. in the 1st quarter valued at about $102,000. 66.69% of the stock is owned by institutional investors.

PEI stock traded up $0.10 during trading on Friday, hitting $6.57. 1,285,100 shares of the company’s stock traded hands, compared to its average volume of 1,458,767. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 3.38. Pennsylvania R.E.I.T. has a 52 week low of $5.46 and a 52 week high of $11.19. The firm’s fifty day moving average price is $6.51. The stock has a market cap of $500.67 million, a PE ratio of 4.27 and a beta of 1.18.

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 12.79%. The ex-dividend date was Friday, May 31st. Pennsylvania R.E.I.T.’s dividend payout ratio (DPR) is 54.55%.

Pennsylvania R.E.I.T. Company Profile

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. 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.

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Earnings History and Estimates for Pennsylvania R.E.I.T. (NYSE:PEI)

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