EPS for Pennsylvania R.E.I.T. (PEI) Expected At $0.41

October 13, 2017 - By Hazel Jackson

 EPS for Pennsylvania R.E.I.T. (PEI) Expected At $0.41
Investors sentiment decreased to 1.43 in Q2 2017. Its down 0.19, from 1.62 in 2017Q1. It fall, as 30 investors sold Pennsylvania R.E.I.T. shares while 38 reduced holdings. 21 funds opened positions while 76 raised stakes. 63.58 million shares or 0.57% less from 63.95 million shares in 2017Q1 were reported.
Numeric Invsts Ltd Liability Corp stated it has 0.01% in Pennsylvania R.E.I.T. (NYSE:PEI). Brown Brothers Harriman And Company owns 17,600 shares. Mason Street Advisors Ltd Liability Co reported 17,198 shares. 106,351 were reported by Hollow Brook Wealth Mngmt Ltd. Piedmont Inv Advsrs Limited Liability Company holds 0% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI) for 15,080 shares. Moreover, Presima has 0.7% invested in Pennsylvania R.E.I.T. (NYSE:PEI). State Of Alaska Department Of Revenue invested 0.08% in Pennsylvania R.E.I.T. (NYSE:PEI). Credit Suisse Ag holds 0% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI) for 197,804 shares. California Public Employees Retirement accumulated 0% or 183,434 shares. Highlander Cap Management Ltd Liability Corp accumulated 2,600 shares or 0.02% of the stock. Balyasny Asset Management accumulated 1.56M shares. Stephens Inc Ar holds 0.05% or 127,955 shares. Aperio Limited Company stated it has 0.01% in Pennsylvania R.E.I.T. (NYSE:PEI). Guggenheim Ltd stated it has 148,360 shares. Front Barnett Associate Lc invested 0.04% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI).

Since May 30, 2017, it had 3 insider purchases, and 0 sales for $282,200 activity. 5,000 shares valued at $58,900 were bought by ALBURGER GEORGE J JR on Monday, June 12. ROBERTS JOHN JOSEPH also bought $107,600 worth of Pennsylvania R.E.I.T. (NYSE:PEI) shares.

Analysts expect Pennsylvania R.E.I.T. (NYSE:PEI) to report $0.41 EPS on November, 1.They anticipate $0.08 EPS change or 16.33 % from last quarter’s $0.49 EPS. PEI’s profit would be $28.63 million giving it 6.45 P/E if the $0.41 EPS is correct. After having $0.39 EPS previously, Pennsylvania R.E.I.T.’s analysts see 5.13 % EPS growth. The stock increased 1.93% or $0.2 on October 13, reaching $10.58. About 1.47 million shares traded or 8.09% up from the average. Pennsylvania R.E.I.T. (NYSE:PEI) has declined 47.73% since October 13, 2016 and is downtrending. It has underperformed by 64.43% the S&P500.

Pennsylvania R.E.I.T. (NYSE:PEI) Ratings Coverage

Among 7 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 0 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Pennslyvania Real Estate Investment Trust had 15 analyst reports since January 26, 2016 according to SRatingsIntel. Boenning & Scattergood maintained Pennsylvania R.E.I.T. (NYSE:PEI) on Wednesday, September 6 with “Hold” rating. Stifel Nicolaus maintained Pennsylvania R.E.I.T. (NYSE:PEI) on Friday, September 8 with “Hold” rating. Stifel Nicolaus downgraded the shares of PEI in report on Monday, December 12 to “Hold” rating. The stock of Pennsylvania R.E.I.T. (NYSE:PEI) earned “Underweight” rating by Barclays Capital on Monday, March 7. The firm earned “Hold” rating on Friday, January 20 by SunTrust. As per Wednesday, April 20, the company rating was upgraded by Stifel Nicolaus. Boenning & Scattergood maintained Pennsylvania R.E.I.T. (NYSE:PEI) on Thursday, August 10 with “Hold” rating. Boenning & Scattergood upgraded the stock to “Outperform” rating in Wednesday, April 6 report. The firm has “Neutral” rating by Citigroup given on Monday, August 14. On Tuesday, October 10 the stock rating was maintained by Stifel Nicolaus with “Hold”.

Pennsylvania Real Estate Investment Trust is a self-managed and self-administered real estate investment trust (REIT). The company has market cap of $738.78 million. 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). It currently has negative earnings. The Firm is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls.

More notable recent Pennsylvania R.E.I.T. (NYSE:PEI) news were published by: Seekingalpha.com which released: “Pennsylvania Real Estate Investment Trust: This 6.875% Preferred Stock Started …” on September 15, 2017, also Seekingalpha.com with their article: “Pennsylvania REIT: This Preferred Looks Attractive” published on May 04, 2017, Seekingalpha.com published: “Why I Bought Pennsylvania REIT” on May 18, 2017. More interesting news about Pennsylvania R.E.I.T. (NYSE:PEI) were released by: Seekingalpha.com and their article: “An Undeniably Weak Portfolio With Pennsylvania REIT” published on June 02, 2017 as well as Thestreet.com‘s news article titled: “Pennsylvania Real Estate Investment Trust: Cramer’s Top Takeaways” with publication date: September 30, 2017.

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