Equities research analysts forecast that Pennsylvania R.E.I.T. (NYSE:PEI) will post $0.25 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Pennsylvania R.E.I.T.’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.29. Pennsylvania R.E.I.T. posted earnings per share of $0.29 in the same quarter last year, which suggests a negative year over year growth rate of 13.8%. The company is expected to issue its next earnings results after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Pennsylvania R.E.I.T. will report full-year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.27. For the next year, analysts expect that the firm will report earnings of $1.30 per share, with EPS estimates ranging from $1.22 to $1.34. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Pennsylvania R.E.I.T..

Pennsylvania R.E.I.T. (NYSE:PEI) last announced its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.77). The firm had revenue of $95.33 million during the quarter, compared to analyst estimates of $96.88 million. Pennsylvania R.E.I.T. had a negative net margin of 30.84% and a negative return on equity of 16.89%.

A number of analysts have commented on PEI shares. Boenning Scattergood reiterated a “hold” rating on shares of Pennsylvania R.E.I.T. in a research note on Friday, February 15th. Citigroup set a $7.00 price target on shares of Pennsylvania R.E.I.T. and gave the company a “hold” rating in a research note on Tuesday, February 26th. Zacks Investment Research upgraded shares of Pennsylvania R.E.I.T. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Barclays reiterated a “sell” rating and issued a $5.00 price target on shares of Pennsylvania R.E.I.T. in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut shares of Pennsylvania R.E.I.T. from a “neutral” rating to an “underweight” rating and cut their price target for the company from $10.00 to $8.00 in a research note on Wednesday, December 19th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Pennsylvania R.E.I.T. currently has an average rating of “Sell” and an average price target of $7.63.

PEI stock traded down $0.20 during trading hours on Wednesday, reaching $5.50. The stock had a trading volume of 1,708,384 shares, compared to its average volume of 1,491,201. The stock has a market cap of $401.00 million, a P/E ratio of 3.57 and a beta of 1.52. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.65 and a quick ratio of 0.65. Pennsylvania R.E.I.T. has a fifty-two week low of $5.46 and a fifty-two week high of $12.45.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Pennsylvania R.E.I.T. by 2.0% in the fourth quarter. BlackRock Inc. now owns 11,428,311 shares of the real estate investment trust’s stock valued at $67,883,000 after purchasing an additional 224,565 shares during the period. Bank of New York Mellon Corp raised its position in shares of Pennsylvania R.E.I.T. by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 1,709,303 shares of the real estate investment trust’s stock valued at $16,170,000 after purchasing an additional 13,275 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Pennsylvania R.E.I.T. by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,110,353 shares of the real estate investment trust’s stock valued at $10,504,000 after purchasing an additional 7,754 shares during the period. Geode Capital Management LLC raised its position in shares of Pennsylvania R.E.I.T. by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 893,967 shares of the real estate investment trust’s stock valued at $5,310,000 after purchasing an additional 48,408 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of Pennsylvania R.E.I.T. in the third quarter valued at about $6,344,000. 83.81% of the stock is currently owned by institutional investors.

Pennsylvania R.E.I.T. Company Profile

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely-populated eastern U.S.

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Earnings History and Estimates for Pennsylvania R.E.I.T. (NYSE:PEI)

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