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

February 23, 2018 - By Nellie Frank

Investors sentiment increased to 1.53 in Q3 2017. Its up 0.10, from 1.43 in 2017Q2. It is positive, 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.
Amica Pension Fund Board Of Trustees stated it has 0.28% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). State Board Of Administration Of Florida Retirement Systems invested 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Orinda Asset Ltd Liability Com has invested 0.07% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Ubs Asset Mgmt Americas holds 119,781 shares or 0% of its portfolio. New Mexico Educational Retirement Board invested in 9,824 shares or 0% of the stock. Voya Invest Mngmt Limited Liability Company holds 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI) or 33,305 shares. Ny State Teachers Retirement holds 0.01% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI) for 191,499 shares. Symons Capital Mgmt holds 31,351 shares. Teacher Retirement Sys Of Texas holds 0.03% or 455,213 shares. Virginia Retirement Et Al invested in 408,200 shares. Global Endowment L P invested in 257,910 shares. Macquarie Grp Inc reported 46,900 shares. State Of Alaska Department Of Revenue stated it has 0.06% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Glenmede Tru Na holds 3,539 shares. Victory Mgmt has 1.43 million shares.

The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) is a huge mover today! The stock increased 3.85% or $0.39 during the last trading session, reaching $10.52. About 676,325 shares traded. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 47.73% since February 23, 2017 and is downtrending. It has underperformed by 64.43% the S&P500.
The move comes after 5 months positive chart setup for the $827.34M company. It was reported on Feb, 23 by Barchart.com. We have $10.94 PT which if reached, will make NYSE:PEI worth $33.09M more.

Analysts await Pennsylvania Real Estate Investment Trust (NYSE:PEI) to report earnings on April, 24. They expect $0.36 EPS, up 2.86 % or $0.01 from last year’s $0.35 per share. PEI’s profit will be $28.31 million for 7.31 P/E if the $0.36 EPS becomes a reality. After $0.51 actual EPS reported by Pennsylvania Real Estate Investment Trust for the previous quarter, Wall Street now forecasts -29.41 % negative 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 22 analyst reports since January 26, 2016 according to SRatingsIntel. The company was downgraded on Friday, January 20 by SunTrust. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) earned “Hold” rating by Stifel Nicolaus on Thursday, February 15. On Tuesday, August 15 the stock rating was maintained by Barclays Capital with “Underweight”. On Monday, January 29 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) has “Hold” rating given on Monday, December 12 by Stifel Nicolaus. The company was maintained on Friday, February 16 by Boenning & Scattergood. As per Tuesday, October 10, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained Pennsylvania Real Estate Investment Trust (NYSE:PEI) on Friday, July 14 with “Hold” rating. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) earned “Neutral” rating by Citigroup on Friday, November 10. The stock has “Underperform” rating by Barclays Capital on Tuesday, January 26.

More notable recent Pennsylvania Real Estate Investment Trust (NYSE:PEI) news were published by: Seekingalpha.com which released: “Pennsylvania REIT: Viewed Through The Eyes Of A Preferred Investor: An Update” on October 09, 2017, also Seekingalpha.com with their article: “PREIT – Getting It Done And Paying 8.6%” published on November 02, 2017, Seekingalpha.com published: “7.3% Yield REIT Redeveloping Towards Higher Quality, Good Valuation” on January 25, 2018. More interesting news about Pennsylvania Real Estate Investment Trust (NYSE:PEI) were released by: Seekingalpha.com and their article: “Pennsylvania Real Estate Investment Trust: This 6.875% Preferred Stock Started …” published on September 15, 2017 as well as Seekingalpha.com‘s news article titled: “Pennsylvania REIT: Sum-Of-The-Parts Valuation Shows Significant Upside” with publication date: December 10, 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 $827.34 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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