Pennsylvania Real Estate Investment Trust (NYSE:PEI) – Analysts at Boenning Scattergood dropped their Q1 2017 EPS estimates for Pennsylvania Real Estate Investment Trust in a research report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the brokerage will post earnings of $0.39 per share for the quarter, down from their previous forecast of $0.41. Boenning Scattergood also issued estimates for Pennsylvania Real Estate Investment Trust’s Q2 2017 earnings at $0.38 EPS, Q3 2017 earnings at $0.42 EPS, Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $1.70 EPS and Q3 2018 earnings at $0.52 EPS.

“Boenning Scattergood Comments on Pennsylvania Real Estate Investment Trust’s Q1 2017 Earnings (PEI)” was published by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be viewed at http://www.dailypolitical.com/2017/02/17/boenning-scattergood-comments-on-pennsylvania-real-estate-investment-trusts-q1-2017-earnings-pei.html.

Earnings History and Estimates for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

PEI has been the topic of several other reports. Zacks Investment Research lowered Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Stifel Nicolaus lowered Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $27.00 to $22.00 in a research note on Monday, December 12th. SunTrust Banks, Inc. lowered Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a research note on Thursday, January 19th. Finally, Barclays PLC reiterated an “underweight” rating and set a $16.00 price objective (down from $20.00) on shares of Pennsylvania Real Estate Investment Trust in a research note on Monday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.00.

Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) opened at 17.27 on Wednesday. Pennsylvania Real Estate Investment Trust has a 52 week low of $16.73 and a 52 week high of $25.67. The stock’s 50 day moving average price is $18.16 and its 200-day moving average price is $20.84. The firm’s market capitalization is $1.20 billion.

“Boenning Scattergood Comments on Pennsylvania Real Estate Investment Trust’s Q1 2017 Earnings (PEI)” was published by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be viewed at http://www.dailypolitical.com/2017/02/17/boenning-scattergood-comments-on-pennsylvania-real-estate-investment-trusts-q1-2017-earnings-pei.html.

Several hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in Pennsylvania Real Estate Investment Trust by 364.1% in the third quarter. US Bancorp DE now owns 4,854 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 3,808 shares during the last quarter. Foresters Investment Management Company Inc. raised its stake in Pennsylvania Real Estate Investment Trust by 56.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 8,358 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 3,000 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Pennsylvania Real Estate Investment Trust during the second quarter worth about $171,000. Independent Order of Foresters raised its stake in Pennsylvania Real Estate Investment Trust by 108.7% in the fourth quarter. Independent Order of Foresters now owns 9,291 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 4,840 shares during the last quarter. Finally, Amica Pension Fund Board of Trustees bought a new stake in Pennsylvania Real Estate Investment Trust during the third quarter worth about $180,000. Institutional investors own 93.69% of the company’s stock.

About Pennsylvania Real Estate Investment Trust

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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