News headlines about Pennsylvania Real Estate Investment Trust (NYSE:PEI) have been trending positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pennsylvania Real Estate Investment Trust earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.5909185511614 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have effected Accern’s analysis:

A number of analysts recently weighed in on PEI shares. Stifel Nicolaus restated a “hold” rating and issued a $11.00 target price on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, October 12th. ValuEngine downgraded Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Citigroup dropped their target price on Pennsylvania Real Estate Investment Trust from $12.50 to $12.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Zacks Investment Research upgraded Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. Finally, Barclays restated a “sell” rating and issued a $10.00 target price on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, October 19th. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $12.29.

Shares of Pennsylvania Real Estate Investment Trust (NYSE PEI) opened at $11.73 on Monday. The firm has a market capitalization of $820.03, a P/E ratio of -9.46 and a beta of 1.35. Pennsylvania Real Estate Investment Trust has a 12-month low of $9.32 and a 12-month high of $18.26. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.91 and a quick ratio of 1.91.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $98.85 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis. analysts expect that Pennsylvania Real Estate Investment Trust will post 1.65 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was published by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.watchlistnews.com/positive-press-coverage-somewhat-unlikely-to-affect-pennsylvania-real-estate-investment-trust-pei-stock-price/1817886.html.

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)

Receive News & Ratings for Pennsylvania Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennsylvania Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.