ValuEngine upgraded shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) from a hold rating to a buy rating in a report issued on Monday.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Pennsylvania Real Estate Investment Trust from a sell rating to a hold rating in a research note 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 objective for the company. Boenning Scattergood reissued a hold rating on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, August 10th. Barclays PLC lowered their target price on Pennsylvania Real Estate Investment Trust from $12.00 to $11.00 and set an underweight rating on the stock in a research note on Tuesday, August 15th. Finally, Citigroup Inc. lowered their target price on Pennsylvania Real Estate Investment Trust from $13.50 to $12.50 and set a neutral rating on the stock in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $14.93.

Pennsylvania Real Estate Investment Trust (NYSE PEI) opened at 10.69 on Monday. Pennsylvania Real Estate Investment Trust has a 1-year low of $9.75 and a 1-year high of $22.56. The stock has a 50 day moving average price of $10.33 and a 200 day moving average price of $11.92. The firm’s market capitalization is $746.45 million.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last released its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. Analysts predict that Pennsylvania Real Estate Investment Trust will post ($0.74) EPS for the current year.

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A number of large investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in Pennsylvania Real Estate Investment Trust in the second quarter worth $196,000. Public Employees Retirement System of Ohio increased its position in Pennsylvania Real Estate Investment Trust by 0.9% during the second quarter. Public Employees Retirement System of Ohio now owns 83,543 shares of the real estate investment trust’s stock worth $946,000 after buying an additional 754 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Pennsylvania Real Estate Investment Trust during the second quarter valued at about $171,000. Kalos Management Inc. bought a new position in Pennsylvania Real Estate Investment Trust during the second quarter valued at about $598,000. Finally, BB&T Investment Services Inc. bought a new position in Pennsylvania Real Estate Investment Trust during the second quarter valued at about $207,000. Hedge funds and other institutional investors own 98.97% of the company’s stock.

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).

Analyst Recommendations for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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