Media stories about Pennsylvania Real Estate Investment Trust (NYSE:PEI) have been trending positive on Thursday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest 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 gave news coverage about the real estate investment trust an impact score of 46.7469957145155 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Stifel Nicolaus assumed coverage on Pennsylvania Real Estate Investment Trust in a research report on Friday, July 14th. They set a “hold” rating and a $11.50 price target on the stock. Boenning Scattergood restated a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, August 10th. Barclays PLC reduced their price target on Pennsylvania Real Estate Investment Trust from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 15th. Finally, Citigroup Inc. reduced their price target on Pennsylvania Real Estate Investment Trust from $13.50 to $12.50 and set a “neutral” rating on the stock in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.00.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) opened at 10.03 on Thursday. Pennsylvania Real Estate Investment Trust has a 52-week low of $9.75 and a 52-week high of $25.43. The company’s market capitalization is $700.36 million. The company’s 50-day moving average price is $11.38 and its 200 day moving average price is $13.09.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last released its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $89.25 million for the quarter, compared to analyst estimates 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 business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. On average, equities analysts expect that Pennsylvania Real Estate Investment Trust will post ($0.40) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 8.37%. The ex-dividend date of this dividend is Wednesday, August 30th. Pennsylvania Real Estate Investment Trust’s payout ratio is presently -64.12%.

In related news, CFO Robert F. Mccadden bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was purchased at an average price of $10.88 per share, for a total transaction of $108,800.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George J. Alburger, Jr. bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was bought at an average price of $11.78 per share, with a total value of $58,900.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $58,900. The disclosure for this purchase can be found here. Insiders purchased a total of 25,000 shares of company stock valued at $283,400 in the last quarter. 4.40% of the stock is owned by insiders.

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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).

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

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