Pennsylvania R.E.I.T. (NYSE:PEI) had its price objective lowered by analysts at JPMorgan Chase & Co. from $6.00 to $5.50 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 7.21% from the stock’s previous close.

A number of other brokerages also recently commented on PEI. ValuEngine raised Pennsylvania R.E.I.T. from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Pennsylvania R.E.I.T. from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Citigroup cut Pennsylvania R.E.I.T. from a “neutral” rating to a “sell” rating and reduced their target price for the company from $6.00 to $4.50 in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.56.

Shares of PEI stock opened at $5.13 on Tuesday. Pennsylvania R.E.I.T. has a 12 month low of $4.34 and a 12 month high of $8.20. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $446.93 million, a P/E ratio of 3.33 and a beta of 1.20. The company’s fifty day moving average price is $5.78 and its two-hundred day moving average price is $5.89.

Pennsylvania R.E.I.T. (NYSE:PEI) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). Pennsylvania R.E.I.T. had a negative net margin of 21.74% and a negative return on equity of 15.16%. The business had revenue of $80.88 million for the quarter, compared to analyst estimates of $81.50 million. On average, sell-side analysts anticipate that Pennsylvania R.E.I.T. will post 1.1 EPS for the current year.

In other news, CEO Joseph F. Coradino acquired 11,200 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were purchased at an average price of $5.33 per share, for a total transaction of $59,696.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles P. Pizzi acquired 10,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $5.34 per share, for a total transaction of $53,400.00. Following the purchase, the director now directly owns 58,459 shares of the company’s stock, valued at $312,171.06. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 26,700 shares of company stock worth $142,976. Company insiders own 3.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. increased its position in shares of Pennsylvania R.E.I.T. by 816.1% during the 2nd quarter. Advisor Group Inc. now owns 4,993 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 4,448 shares during the period. Tower Research Capital LLC TRC grew its holdings in Pennsylvania R.E.I.T. by 119.2% during the second quarter. Tower Research Capital LLC TRC now owns 7,250 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 3,943 shares during the period. Sterling Investment Advisors Ltd. acquired a new position in Pennsylvania R.E.I.T. during the third quarter worth about $54,000. Griffin Asset Management Inc. bought a new position in shares of Pennsylvania R.E.I.T. during the 3rd quarter valued at about $57,000. Finally, Ayalon Holdings Ltd. bought a new position in shares of Pennsylvania R.E.I.T. during the 3rd quarter valued at about $57,000. Institutional investors own 66.48% of the company’s stock.

About Pennsylvania R.E.I.T.

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT'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.

Further Reading: How to Invest in a Bull Market

Receive News & Ratings for Pennsylvania R.E.I.T. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennsylvania R.E.I.T. and related companies with MarketBeat.com's FREE daily email newsletter.