Pennsylvania Real Estate Investment Trust (NYSE:PEI) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.50-1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.69.

Several equities research analysts recently weighed in on the company. ValuEngine cut Pennsylvania Real Estate Investment Trust from a buy rating to a hold rating in a report on Friday, February 2nd. Goldman Sachs Group assumed coverage on Pennsylvania Real Estate Investment Trust in a report on Friday, January 19th. They set a sell rating and a $10.00 target price for the company. Zacks Investment Research cut Pennsylvania Real Estate Investment Trust from a buy rating to a sell rating in a report on Thursday, January 11th. Citigroup lowered their price target on Pennsylvania Real Estate Investment Trust from $12.50 to $12.00 and set a neutral rating for the company in a research report on Friday, November 10th. Finally, Boenning Scattergood reaffirmed a hold rating on shares of Pennsylvania Real Estate Investment Trust in a research report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Pennsylvania Real Estate Investment Trust currently has a consensus rating of Hold and an average target price of $12.29.

Pennsylvania Real Estate Investment Trust (NYSE PEI) traded down $0.07 on Wednesday, reaching $9.92. The company’s stock had a trading volume of 1,056,076 shares, compared to its average volume of 1,233,490. The company has a market cap of $713.07, a price-to-earnings ratio of -8.00 and a beta of 1.24. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.91 and a quick ratio of 1.91. Pennsylvania Real Estate Investment Trust has a fifty-two week low of $9.30 and a fifty-two week high of $17.68.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date of this dividend is Wednesday, February 28th. Pennsylvania Real Estate Investment Trust’s payout ratio is -67.74%.

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About Pennsylvania Real Estate Investment Trust

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).

Earnings History and Estimates for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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