Boenning Scattergood upgraded shares of Pennsylvania R.E.I.T. (NYSE:PEI) from a neutral rating to an outperform rating in a report released on Monday morning, Briefing.com Automated Import reports.

PEI has been the topic of a number of other reports. Zacks Investment Research upgraded Pennsylvania R.E.I.T. from a sell rating to a hold rating in a research report on Wednesday, January 9th. Citigroup set a $7.00 price target on Pennsylvania R.E.I.T. and gave the stock a hold rating in a research report on Tuesday, February 26th. Barclays restated a sell rating and set a $6.00 price target on shares of Pennsylvania R.E.I.T. in a research report on Wednesday, January 16th. Finally, ValuEngine upgraded Pennsylvania R.E.I.T. from a strong sell rating to a sell rating in a research report on Saturday. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $6.67.

NYSE PEI opened at $7.68 on Monday. The company has a market cap of $594.28 million, a P/E ratio of 4.99 and a beta of 1.47. Pennsylvania R.E.I.T. has a one year low of $5.46 and a one year high of $12.45. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.65 and a current ratio of 0.54.

Pennsylvania R.E.I.T. (NYSE:PEI) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.55). The business had revenue of $84.68 million for 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%. Analysts forecast that Pennsylvania R.E.I.T. will post 1.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.21 per share. The ex-dividend date is Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a yield of 10.94%. Pennsylvania R.E.I.T.’s dividend payout ratio (DPR) is presently 54.55%.

A number of institutional investors and hedge funds have recently made changes to their positions in PEI. Bank of Montreal Can boosted its position in Pennsylvania R.E.I.T. by 41.4% in the 4th quarter. Bank of Montreal Can now owns 6,583 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,928 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Pennsylvania R.E.I.T. by 32.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,767 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,896 shares during the period. Amalgamated Bank acquired a new position in shares of Pennsylvania R.E.I.T. in the 4th quarter valued at $63,000. Meeder Asset Management Inc. lifted its stake in shares of Pennsylvania R.E.I.T. by 71.1% in the 4th quarter. Meeder Asset Management Inc. now owns 12,671 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 5,266 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of 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 purchasing an additional 4,755 shares during the period. Hedge funds and other institutional investors own 75.21% of the company’s stock.

About Pennsylvania R.E.I.T.

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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