Shares of Pennsylvania R.E.I.T. (NYSE:PEI) have received an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.90.

A number of research analysts have commented on the company. Citigroup decreased their price objective on Pennsylvania R.E.I.T. from $11.50 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, November 6th. Zacks Investment Research upgraded Pennsylvania R.E.I.T. from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. ValuEngine upgraded Pennsylvania R.E.I.T. from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Barclays reiterated a “sell” rating and issued a $9.00 price objective on shares of Pennsylvania R.E.I.T. in a research report on Sunday, October 14th.

NYSE PEI opened at $8.09 on Friday. The company has a market cap of $573.59 million, a P/E ratio of 5.29 and a beta of 1.10. Pennsylvania R.E.I.T. has a one year low of $7.91 and a one year high of $12.52. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.74 and a current ratio of 0.74.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given 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 10.38%. Pennsylvania R.E.I.T.’s payout ratio is 50.30%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank bought a new position in Pennsylvania R.E.I.T. in the 2nd quarter valued at $117,000. Fox Run Management L.L.C. acquired a new position in shares of Pennsylvania R.E.I.T. in the 2nd quarter valued at $124,000. Shufro Rose & Co. LLC acquired a new position in shares of Pennsylvania R.E.I.T. in the 2nd quarter valued at $125,000. Cubist Systematic Strategies LLC acquired a new position in shares of Pennsylvania R.E.I.T. in the 2nd quarter valued at $127,000. Finally, Boulegeris Investments Inc. acquired a new position in shares of Pennsylvania R.E.I.T. in the 2nd quarter valued at $132,000. Hedge funds and other institutional investors own 90.26% 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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