Pennsylvania Real Estate Investment Trust (NYSE:PEI) – Analysts at Boenning Scattergood reduced their Q1 2018 earnings estimates for shares of Pennsylvania Real Estate Investment Trust in a research note issued to investors on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will earn $0.40 per share for the quarter, down from their prior estimate of $0.42. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Pennsylvania Real Estate Investment Trust’s Q2 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $1.74 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.54 EPS and FY2019 earnings at $1.88 EPS.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Pennsylvania Real Estate Investment Trust had a negative net margin of 16.35% and a negative return on equity of 7.60%. The firm had revenue of $89.20 million for the quarter, compared to analyst estimates of $98.85 million. During the same quarter last year, the business posted $0.48 earnings per share. The company’s quarterly revenue was down 9.8% on a year-over-year basis.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Pennsylvania Real Estate Investment Trust from a “buy” rating to a “sell” rating in a research note on Thursday. ValuEngine raised shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Barclays reaffirmed a “sell” rating and issued a $10.00 price target on shares of Pennsylvania Real Estate Investment Trust in a research note on Thursday, October 19th. Finally, Citigroup decreased their price target on shares of Pennsylvania Real Estate Investment Trust from $12.50 to $12.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Pennsylvania Real Estate Investment Trust presently has an average rating of “Hold” and a consensus target price of $13.71.

Shares of Pennsylvania Real Estate Investment Trust (PEI) traded up $0.19 during trading on Wednesday, reaching $11.69. 1,108,400 shares of the company’s stock were exchanged, compared to its average volume of 1,678,900. The firm has a market capitalization of $810.24, a price-to-earnings ratio of -9.43 and a beta of 1.35. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.91 and a quick ratio of 1.91. Pennsylvania Real Estate Investment Trust has a 1 year low of $9.32 and a 1 year high of $18.73.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.19%. The ex-dividend date was Thursday, November 30th. Pennsylvania Real Estate Investment Trust’s payout ratio is presently -67.74%.

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in shares of Pennsylvania Real Estate Investment Trust by 0.9% during the second quarter. Public Employees Retirement System of Ohio now owns 83,543 shares of the real estate investment trust’s stock worth $946,000 after acquiring an additional 754 shares in the last quarter. Rhumbline Advisers increased its position in shares of Pennsylvania Real Estate Investment Trust by 0.8% during the second quarter. Rhumbline Advisers now owns 159,181 shares of the real estate investment trust’s stock worth $1,802,000 after acquiring an additional 1,206 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Pennsylvania Real Estate Investment Trust by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 54,806 shares of the real estate investment trust’s stock worth $620,000 after acquiring an additional 1,341 shares in the last quarter. Veritable L.P. increased its position in shares of Pennsylvania Real Estate Investment Trust by 1.1% during the second quarter. Veritable L.P. now owns 161,801 shares of the real estate investment trust’s stock worth $1,832,000 after acquiring an additional 1,723 shares in the last quarter. Finally, BlueCrest Capital Management Ltd increased its position in shares of Pennsylvania Real Estate Investment Trust by 13.6% during the second quarter. BlueCrest Capital Management Ltd now owns 15,152 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 1,818 shares in the last quarter. 97.74% of the stock is owned by institutional investors.

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About Pennsylvania Real Estate Investment Trust

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).

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

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