Pennsylvania Real Estate Investment Trust (NYSE:PEI) – Equities research analysts at SunTrust Banks decreased their FY2018 earnings per share estimates for Pennsylvania Real Estate Investment Trust in a note issued to investors on Monday. SunTrust Banks analyst K. Kim now expects that the real estate investment trust will post earnings per share of $1.70 for the year, down from their previous estimate of $1.73. SunTrust Banks also issued estimates for Pennsylvania Real Estate Investment Trust’s FY2019 earnings at $1.79 EPS and FY2022 earnings at $1.86 EPS.

Several other research firms have also recently issued reports on PEI. Zacks Investment Research raised Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Thursday, January 4th. ValuEngine cut Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Goldman Sachs Group started coverage on Pennsylvania Real Estate Investment Trust in a research report on Friday, January 19th. They issued a “sell” rating and a $10.00 price objective on the stock. Citigroup lowered their price objective on Pennsylvania Real Estate Investment Trust from $12.50 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, October 12th. Four analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Pennsylvania Real Estate Investment Trust presently has an average rating of “Hold” and a consensus price target of $12.29.

Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) traded up $0.20 on Tuesday, hitting $12.10. The stock had a trading volume of 864,700 shares, compared to its average volume of 1,297,947. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.91 and a current ratio of 1.91. Pennsylvania Real Estate Investment Trust has a 12-month low of $9.32 and a 12-month high of $18.25. The company has a market cap of $822.83, a PE ratio of -9.76 and a beta of 1.35.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Pennsylvania Real Estate Investment Trust had a negative return on equity of 7.60% and a negative net margin of 16.35%. The firm had revenue of $89.20 million for the quarter, compared to analysts’ expectations of $98.85 million. During the same period in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its holdings in shares of Pennsylvania Real Estate Investment Trust by 16.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 760,611 shares of the real estate investment trust’s stock valued at $8,611,000 after buying an additional 106,176 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Pennsylvania Real Estate Investment Trust by 35.8% during the 2nd quarter. Principal Financial Group Inc. now owns 716,975 shares of the real estate investment trust’s stock valued at $8,116,000 after buying an additional 188,865 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Pennsylvania Real Estate Investment Trust by 16.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 920,121 shares of the real estate investment trust’s stock valued at $10,416,000 after buying an additional 131,067 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Pennsylvania Real Estate Investment Trust by 2.3% during the 2nd quarter. Teachers Advisors LLC now owns 120,660 shares of the real estate investment trust’s stock valued at $1,366,000 after buying an additional 2,661 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Pennsylvania Real Estate Investment Trust by 36.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 266,348 shares of the real estate investment trust’s stock valued at $3,015,000 after buying an additional 71,164 shares during the period.

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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).

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

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