Investors sold shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) on strength during trading on Thursday. $8.38 million flowed into the stock on the tick-up and $39.91 million flowed out of the stock on the tick-down, for a money net flow of $31.53 million out of the stock. Of all equities tracked, Pennsylvania Real Estate Investment Trust had the 0th highest net out-flow for the day. Pennsylvania Real Estate Investment Trust traded up $0.15 for the day and closed at $23.37

Several equities research analysts have commented on the stock. Stifel Nicolaus upgraded shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, April 20th. Zacks Investment Research lowered shares of Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Mitsubishi UFJ Financial Group assumed coverage on shares of Pennsylvania Real Estate Investment Trust in a research note on Monday, April 4th. They issued an “overweight” rating and a $24.00 price target on the stock. Finally, Boenning Scattergood upgraded shares of Pennsylvania Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Wednesday, April 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $25.00.

The company’s market cap is $1.62 billion. The company’s 50-day moving average price is $21.83 and its 200-day moving average price is $21.15.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last posted its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.01. During the same quarter last year, the firm posted $0.40 EPS. The firm had revenue of $101.90 million for the quarter, compared to the consensus estimate of $71.89 million. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts expect that Pennsylvania Real Estate Investment Trust will post $1.84 EPS for the current fiscal year.

In other news, CEO Joseph F. Coradino sold 33,000 shares of Pennsylvania Real Estate Investment Trust stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $21.25, for a total transaction of $701,250.00. Following the sale, the chief executive officer now directly owns 347,196 shares in the company, valued at approximately $7,377,915. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew M. Ioannou sold 10,000 shares of Pennsylvania Real Estate Investment Trust stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $22.27, for a total transaction of $222,700.00. Following the sale, the executive vice president now owns 46,156 shares in the company, valued at $1,027,894.12. The disclosure for this sale can be found here.

Other hedge funds have modified their holdings of the company. Nationwide Fund Advisors raised its stake in shares of Pennsylvania Real Estate Investment Trust by 1.4% in the fourth quarter. Nationwide Fund Advisors now owns 52,710 shares of the real estate investment trust’s stock valued at $1,153,000 after buying an additional 725 shares during the period. California State Teachers Retirement System raised its stake in shares of Pennsylvania Real Estate Investment Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 128,087 shares of the real estate investment trust’s stock valued at $2,801,000 after buying an additional 2,054 shares during the period. Sei Investments Co. raised its stake in shares of Pennsylvania Real Estate Investment Trust by 15.6% in the fourth quarter. Sei Investments Co. now owns 49,125 shares of the real estate investment trust’s stock valued at $1,074,000 after buying an additional 6,641 shares during the period. Rhumbline Advisers raised its stake in shares of Pennsylvania Real Estate Investment Trust by 4.5% in the fourth quarter. Rhumbline Advisers now owns 120,810 shares of the real estate investment trust’s stock valued at $2,642,000 after buying an additional 5,175 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Pennsylvania Real Estate Investment Trust by 17.1% in the fourth quarter. California Public Employees Retirement System now owns 211,134 shares of the real estate investment trust’s stock valued at $4,618,000 after buying an additional 30,800 shares during the period.

Pennsylvania Real Estate Investment Trust (PREIT) is an integrated, self-managed and self-administered real estate investment trusts (REIT). The Company is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Company owns interests in approximately 42 retail properties, of which 38 are operating properties and four are development properties.

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