Pennsylvania R.E.I.T. (NYSE:PEI) had its price target trimmed by Citigroup from $11.50 to $10.00 in a research note issued to investors on Tuesday. The brokerage currently has a hold rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on PEI. ValuEngine raised shares of Pennsylvania R.E.I.T. from a strong sell rating to a sell rating in a report on Saturday, August 18th. Zacks Investment Research raised shares of Pennsylvania R.E.I.T. from a sell rating to a hold rating in a report on Tuesday, August 7th. Finally, Barclays reaffirmed a sell rating and issued a $9.00 target price on shares of Pennsylvania R.E.I.T. in a report on Sunday, October 14th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Pennsylvania R.E.I.T. presently has a consensus rating of Hold and a consensus target price of $10.42.

Shares of PEI stock traded up $0.05 on Tuesday, reaching $9.15. The stock had a trading volume of 438,230 shares, compared to its average volume of 904,331. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $632.07 million, a price-to-earnings ratio of 5.48 and a beta of 1.10. Pennsylvania R.E.I.T. has a 12 month low of $8.57 and a 12 month high of $12.52.

Pennsylvania R.E.I.T. (NYSE:PEI) last issued its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.01). The firm had revenue of $83.90 million during the quarter, compared to the consensus estimate of $87.12 million. Pennsylvania R.E.I.T. had a negative net margin of 6.91% and a negative return on equity of 3.53%. Sell-side analysts predict that Pennsylvania R.E.I.T. will post 1.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.84 dividend on an annualized basis and a yield of 9.18%. Pennsylvania R.E.I.T.’s dividend payout ratio (DPR) is currently 50.30%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp acquired a new position in Pennsylvania R.E.I.T. in the 1st quarter valued at about $100,000. Amalgamated Bank acquired a new position in Pennsylvania R.E.I.T. in the 2nd quarter valued at about $117,000. Fox Run Management L.L.C. acquired a new position in Pennsylvania R.E.I.T. in the 2nd quarter valued at about $124,000. Shufro Rose & Co. LLC acquired a new position in Pennsylvania R.E.I.T. in the 2nd quarter valued at about $125,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Pennsylvania R.E.I.T. in the 2nd quarter valued at about $127,000. Institutional investors and hedge funds own 91.12% 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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Analyst Recommendations for Pennsylvania R.E.I.T. (NYSE:PEI)

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