Headlines about Pennsylvania Real Estate Investment Trust (NYSE:PEI) have been trending positive on Saturday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pennsylvania Real Estate Investment Trust earned a coverage optimism score of 0.33 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.602954255484 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Several research firms have issued reports on PEI. Zacks Investment Research cut Pennsylvania Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. BidaskClub upgraded Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Boenning Scattergood restated a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a report on Thursday, August 10th. Barclays PLC lowered their price target on Pennsylvania Real Estate Investment Trust from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Tuesday, August 15th. Finally, Citigroup Inc. lowered their price target on Pennsylvania Real Estate Investment Trust from $12.50 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.83.

Pennsylvania Real Estate Investment Trust (NYSE PEI) traded up $0.15 on Friday, hitting $11.52. The company had a trading volume of 1,728,766 shares, compared to its average volume of 1,468,107. The firm has a market cap of $794.86, a PE ratio of 6.21 and a beta of 1.28. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 1.79. Pennsylvania Real Estate Investment Trust has a 1-year low of $9.32 and a 1-year high of $20.21.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $89.20 million for the quarter, compared to analysts’ expectations of $98.85 million. Pennsylvania Real Estate Investment Trust had a negative return on equity of 7.60% and a negative net margin of 16.35%. The company’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. equities analysts expect that Pennsylvania Real Estate Investment Trust will post 1.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend is Thursday, November 30th. Pennsylvania Real Estate Investment Trust’s dividend payout ratio is currently -67.74%.

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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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