Is Pennsylvania Real Estate Investment Trust (PEI) a Buy? The Stock Rises Again

February 15, 2018 - By Richard Conner

Investors sentiment increased to 1.53 in Q3 2017. Its up 0.10, from 1.43 in 2017Q2. It improved, as 18 investors sold Pennsylvania Real Estate Investment Trust shares while 42 reduced holdings. 26 funds opened positions while 66 raised stakes. 68.13 million shares or 7.16% more from 63.58 million shares in 2017Q2 were reported.
Mason Street Advsrs Ltd Liability owns 17,685 shares. Point72 Asia (Hong Kong) Ltd accumulated 772 shares. Sumitomo Mitsui Tru holds 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI) for 63,201 shares. California Public Employees Retirement holds 206,566 shares or 0% of its portfolio. Hollow Brook Wealth Management Limited Liability Corp reported 106,351 shares. Huntington Bankshares has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Amp Limited holds 0.01% or 98,342 shares. Dimensional Fund Advisors L P has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Credit Agricole S A has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Mycio Wealth Ptnrs Lc reported 13,051 shares. Iowa-based Principal Fincl Group has invested 0.01% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). State Teachers Retirement System reported 191,499 shares. Bnp Paribas Asset Mngmt Holdings has 0.24% invested in Pennsylvania Real Estate Investment Trust (NYSE:PEI) for 2.74M shares. Green Street Investors Ltd Liability Company has invested 0.81% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Price T Rowe Md accumulated 38,861 shares.

The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) is a huge mover today! The stock increased 5.70% or $0.56 during the last trading session, reaching $10.48. About 1.24M shares traded. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 47.73% since February 15, 2017 and is downtrending. It has underperformed by 64.43% the S&P500.
The move comes after 8 months positive chart setup for the $819.93 million company. It was reported on Feb, 15 by Barchart.com. We have $10.79 PT which if reached, will make NYSE:PEI worth $24.60 million more.

Analysts await Pennsylvania Real Estate Investment Trust (NYSE:PEI) to report earnings on February, 22. They expect $0.49 earnings per share, down 14.04 % or $0.08 from last year’s $0.57 per share. PEI’s profit will be $38.34 million for 5.35 P/E if the $0.49 EPS becomes a reality. After $0.42 actual earnings per share reported by Pennsylvania Real Estate Investment Trust for the previous quarter, Wall Street now forecasts 16.67 % EPS growth.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Ratings Coverage

Among 8 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 0 have Buy rating, 2 Sell and 6 Hold. Therefore 0 are positive. Pennslyvania Real Estate Investment Trust had 20 analyst reports since January 26, 2016 according to SRatingsIntel. Barclays Capital maintained Pennsylvania Real Estate Investment Trust (NYSE:PEI) rating on Monday, March 7. Barclays Capital has “Underweight” rating and $19 target. On Wednesday, April 20 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The company was maintained on Friday, November 3 by Boenning & Scattergood. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, January 29 report. The rating was maintained by Stifel Nicolaus on Tuesday, October 10 with “Hold”. The stock has “Hold” rating by Boenning & Scattergood on Thursday, August 10. The company was maintained on Friday, July 14 by Stifel Nicolaus. The firm has “Underweight” rating by Barclays Capital given on Tuesday, August 15. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) earned “Neutral” rating by Citigroup on Monday, August 14. The firm has “Hold” rating by Stifel Nicolaus given on Friday, September 8.

More notable recent Pennsylvania Real Estate Investment Trust (NYSE:PEI) news were published by: Seekingalpha.com which released: “7.3% Yield REIT Redeveloping Towards Higher Quality, Good Valuation” on January 25, 2018, also Seekingalpha.com with their article: “Pennsylvania Real Estate Investment Trust: This 6.875% Preferred Stock Started …” published on September 15, 2017, Seekingalpha.com published: “PREIT – Getting It Done And Paying 8.6%” on November 02, 2017. More interesting news about Pennsylvania Real Estate Investment Trust (NYSE:PEI) were released by: Seekingalpha.com and their article: “Why I Bought Pennsylvania REIT” published on May 18, 2017 as well as Seekingalpha.com‘s news article titled: “An Undeniably Weak Portfolio With Pennsylvania REIT” with publication date: June 02, 2017.

PREIT is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. The company has market cap of $819.93 million. 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. with concentrations in the mid-Atlantic's top MSAs. It currently has negative earnings. Since 2012, the firm has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures.

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