Investors sold shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) on strength during trading hours 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

A number of research analysts recently issued reports on PEI shares. Boenning Scattergood upgraded shares of Pennsylvania Real Estate Investment Trust from a “neutral” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Wednesday, April 6th. Zacks Investment Research upgraded shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, May 11th. Mitsubishi UFJ Financial Group started coverage on shares of Pennsylvania Real Estate Investment Trust in a research report on Monday, April 4th. They set an “overweight” rating and a $24.00 target price on the stock. Finally, Stifel Nicolaus upgraded shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, April 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Pennsylvania Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus target price of $25.00.

The company’s 50 day moving average price is $21.90 and its 200 day moving average price is $21.17. The firm’s market capitalization is $1.65 billion.

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

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

A number of hedge funds recently bought and sold shares of PEI. Nationwide Fund Advisors raised its stake in 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 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. Dimensional Fund Advisors LP raised its stake in Pennsylvania Real Estate Investment Trust by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 948,279 shares of the real estate investment trust’s stock valued at $20,739,000 after buying an additional 2,533 shares during the period. New York State Common Retirement Fund raised its stake in Pennsylvania Real Estate Investment Trust by 5.7% in the fourth quarter. New York State Common Retirement Fund now owns 66,700 shares of the real estate investment trust’s stock valued at $1,459,000 after buying an additional 3,600 shares during the period. Finally, Rhumbline Advisers raised its stake in 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.

Pennsylvania Real Estate Investment Trust (PREIT) is an integrated, self-managed and self-administered real estate investment trust (REIT). The Company has a primary investment focus on retail shopping malls located in the eastern half of the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls.

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