Media headlines about Pennsylvania Real Estate Investment Trust (NYSE:PEI) have been trending positive on Sunday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.30 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.5511383271312 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Pennsylvania Real Estate Investment Trust (NYSE PEI) opened at 10.92 on Friday. Pennsylvania Real Estate Investment Trust has a 12-month low of $10.00 and a 12-month high of $25.43. The stock’s 50 day moving average price is $11.65 and its 200-day moving average price is $13.60. The firm’s market cap is $762.51 million.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $89.25 million during the quarter, compared to analyst estimates of $95.60 million. Pennsylvania Real Estate Investment Trust had a negative return on equity of 9.06% and a negative net margin of 18.13%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. Equities research analysts anticipate that Pennsylvania Real Estate Investment Trust will post ($0.04) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 7.69%. The ex-dividend date of this dividend is Wednesday, August 30th. Pennsylvania Real Estate Investment Trust’s dividend payout ratio is -64.12%.

Several brokerages have weighed in on PEI. Boenning Scattergood reaffirmed a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a report on Thursday. Zacks Investment Research raised Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Stifel Nicolaus began coverage on Pennsylvania Real Estate Investment Trust in a report on Friday, July 14th. They issued a “hold” rating and a $11.50 price objective for the company. ValuEngine cut Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.70.

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In other Pennsylvania Real Estate Investment Trust news, Director George J. Alburger, Jr. acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was bought at an average price of $11.78 per share, with a total value of $58,900.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $58,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Joseph Roberts acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of $10.76 per share, with a total value of $107,600.00. Following the purchase, the director now directly owns 33,060 shares of the company’s stock, valued at approximately $355,725.60. The disclosure for this purchase can be found here. Insiders have purchased 35,000 shares of company stock valued at $391,000 in the last three months. 4.40% of the stock is owned by corporate insiders.

Pennsylvania Real Estate Investment Trust Company Profile

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)

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