Media headlines about Pennsylvania Real Estate Investment Trust (NYSE:PEI) have been trending positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pennsylvania Real Estate Investment Trust earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 47.1216657044466 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) traded up 0.41% on Friday, reaching $9.88. 567,940 shares of the company’s stock were exchanged. The stock’s market cap is $689.89 million. The company’s 50 day moving average price is $10.65 and its 200-day moving average price is $12.23. Pennsylvania Real Estate Investment Trust has a 52-week low of $9.75 and a 52-week high of $24.14.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $89.25 million during the quarter, compared to the consensus estimate of $95.60 million. Pennsylvania Real Estate Investment Trust had a negative net margin of 18.13% and a negative return on equity of 9.06%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Equities analysts forecast that Pennsylvania Real Estate Investment Trust will post ($0.74) EPS for the current fiscal year.

A number of brokerages recently issued reports on PEI. ValuEngine cut shares of Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Stifel Nicolaus began coverage on shares of Pennsylvania Real Estate Investment Trust in a report on Friday, July 14th. They set a “hold” rating and a $11.50 price objective for the company. Barclays PLC decreased their price objective on shares of Pennsylvania Real Estate Investment Trust from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Tuesday, August 15th. Finally, BidaskClub upgraded shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.93.

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Pennsylvania Real Estate Investment Trust Company Profile

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).

Insider Buying and Selling by Quarter for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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