A number of research firms have changed their ratings and price targets for Pennsylvania Real Estate Investment Trust (NYSE: PEI):

  • 9/1/2017 – Pennsylvania Real Estate Investment Trust was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/24/2017 – Pennsylvania Real Estate Investment Trust was downgraded by analysts at Mitsubishi UFJ Financial Group from an “overweight” rating to a “neutral” rating. They now have a $12.00 price target on the stock, down previously from $16.00.
  • 8/22/2017 – Pennsylvania Real Estate Investment Trust was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/19/2017 – Pennsylvania Real Estate Investment Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “PENNSYLVANIA R.E. INVEST. TR. is a real estate investment trust, engaged in acquiring and holding for investment interests in real estate. “
  • 8/15/2017 – Pennsylvania Real Estate Investment Trust had its price target lowered by analysts at Barclays PLC from $12.00 to $11.00. They now have an “underweight” rating on the stock.
  • 8/14/2017 – Pennsylvania Real Estate Investment Trust had its price target lowered by analysts at Citigroup Inc from $13.50 to $12.50. They now have a “neutral” rating on the stock.
  • 8/10/2017 – Pennsylvania Real Estate Investment Trust had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
  • 7/31/2017 – Pennsylvania Real Estate Investment Trust was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/21/2017 – Pennsylvania Real Estate Investment Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “PENNSYLVANIA R.E. INVEST. TR. is a real estate investment trust, engaged in acquiring and holding for investment interests in real estate. “
  • 7/14/2017 – Pennsylvania Real Estate Investment Trust is now covered by analysts at Stifel Nicolaus. They set a “hold” rating and a $11.50 price target on the stock.
  • 7/12/2017 – Pennsylvania Real Estate Investment Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “PENNSYLVANIA R.E. INVEST. TR. is a real estate investment trust, engaged in acquiring and holding for investment interests in real estate. “

Shares of Pennsylvania Real Estate Investment Trust (NYSE PEI) traded up 1.60% on Monday, hitting $10.19. The stock had a trading volume of 1,897,657 shares. The firm’s 50-day moving average is $11.22 and its 200 day moving average is $12.82. The stock’s market cap is $711.54 million. Pennsylvania Real Estate Investment Trust has a 1-year low of $9.75 and a 1-year high of $25.33.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Pennsylvania Real Estate Investment Trust had a negative return on equity of 9.06% and a negative net margin of 18.13%. The company had revenue of $89.25 million for the quarter, compared to analyst estimates of $95.60 million. During the same period in the prior year, the company posted $0.43 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. Equities analysts forecast that Pennsylvania Real Estate Investment Trust will post ($0.40) EPS for the current year.

In related news, Director George J. Alburger, Jr. acquired 5,000 shares of the stock in a transaction dated Monday, June 12th. The shares were bought at an average cost of $11.78 per share, for a total transaction of $58,900.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $58,900. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joseph F. Coradino acquired 10,000 shares of the stock in a transaction dated Tuesday, June 13th. The stock was bought at an average price of $11.57 per share, for a total transaction of $115,700.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 25,000 shares of company stock worth $283,400. Corporate insiders own 4.40% of the company’s stock.

Pennsylvania Real Estate Investment Trust (PREIT) is a self-managed and self-administered real estate investment trust (REIT). 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).

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