Pennsylvania R.E.I.T. (NYSE:PEI) had its price target trimmed by Barclays from $11.00 to $10.00 in a research report sent to investors on Tuesday. The firm currently has an underweight rating on the real estate investment trust’s stock.

PEI has been the topic of a number of other reports. ValuEngine lowered shares of Pennsylvania R.E.I.T. from a buy rating to a hold rating in a report on Sunday, December 31st. Goldman Sachs Group began coverage on shares of Pennsylvania R.E.I.T. in a research note on Friday, January 19th. They set a sell rating and a $10.00 price objective for the company. Boenning Scattergood reaffirmed a hold rating on shares of Pennsylvania R.E.I.T. in a research note on Friday, February 16th. Citigroup dropped their price objective on shares of Pennsylvania R.E.I.T. from $12.00 to $11.00 and set a neutral rating for the company in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $11.50 price objective (down previously from $12.00) on shares of Pennsylvania R.E.I.T. in a research note on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Pennsylvania R.E.I.T. presently has an average rating of Hold and a consensus price target of $12.21.

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Pennsylvania R.E.I.T. (PEI) opened at $10.16 on Tuesday. The stock has a market cap of $710.27, a PE ratio of -11.42 and a beta of 1.22. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.18. Pennsylvania R.E.I.T. has a 1-year low of $9.30 and a 1-year high of $15.42.

Pennsylvania R.E.I.T. (NYSE:PEI) last released its earnings results on Wednesday, February 14th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.53). The firm had revenue of $97.97 million during the quarter, compared to analysts’ expectations of $93.85 million. Pennsylvania R.E.I.T. had a negative net margin of 7.99% and a negative return on equity of 3.60%. equities research analysts predict that Pennsylvania R.E.I.T. will post 1.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date of this dividend is Wednesday, February 28th. Pennsylvania R.E.I.T.’s dividend payout ratio is currently -94.38%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in shares of Pennsylvania R.E.I.T. during the 4th quarter valued at about $139,000. Crossmark Global Holdings Inc. acquired a new position in shares of Pennsylvania R.E.I.T. during the 3rd quarter valued at about $146,000. Hartland & Co. LLC acquired a new position in shares of Pennsylvania R.E.I.T. during the 3rd quarter valued at about $185,000. Alps Advisors Inc. acquired a new stake in Pennsylvania R.E.I.T. during the 4th quarter worth approximately $227,000. Finally, Verition Fund Management LLC acquired a new stake in Pennsylvania R.E.I.T. during the 4th quarter worth approximately $241,000.

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About Pennsylvania R.E.I.T.

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).

Analyst Recommendations for Pennsylvania R.E.I.T. (NYSE:PEI)

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