Analysts Expect Pennsylvania R.E.I.T. (PEI) to Announce $0.34 EPS
Analysts expect Pennsylvania R.E.I.T. (NYSE:PEI) to report $0.34 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Pennsylvania R.E.I.T.’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.34. Pennsylvania R.E.I.T. posted earnings of $0.39 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.8%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Pennsylvania R.E.I.T. will report full-year earnings of $1.51 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.54. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.51 per share, with EPS estimates ranging from $1.47 to $1.56. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Pennsylvania R.E.I.T..
Pennsylvania R.E.I.T. (NYSE:PEI) last announced its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.40). The firm had revenue of $81.76 million during the quarter, compared to analyst estimates of $88.32 million. Pennsylvania R.E.I.T. had a negative net margin of 3.69% and a negative return on equity of 2.21%.
PEI stock traded up $0.10 during trading hours on Monday, reaching $10.18. The stock had a trading volume of 735,751 shares, compared to its average volume of 790,628. The stock has a market cap of $710.16 million, a P/E ratio of 6.10 and a beta of 1.10. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.05 and a quick ratio of 1.05. Pennsylvania R.E.I.T. has a fifty-two week low of $8.86 and a fifty-two week high of $12.52.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Tuesday, September 4th 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 8.25%. The ex-dividend date of this dividend is Friday, August 31st. Pennsylvania R.E.I.T.’s dividend payout ratio is presently 50.30%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp acquired a new stake in shares of Pennsylvania R.E.I.T. during the 1st quarter worth about $100,000. Amalgamated Bank acquired a new stake in shares of Pennsylvania R.E.I.T. during the 2nd quarter worth about $117,000. Fox Run Management L.L.C. acquired a new stake in shares of Pennsylvania R.E.I.T. during the 2nd quarter worth about $124,000. Shufro Rose & Co. LLC acquired a new stake in shares of Pennsylvania R.E.I.T. during the 2nd quarter worth about $125,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Pennsylvania R.E.I.T. during the 2nd quarter worth about $127,000. Institutional investors own 92.67% of the company’s stock.
Pennsylvania R.E.I.T. Company Profile
PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. REIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely-populated eastern U.S.
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