Pennsylvania R.E.I.T. (NYSE:PEI) – Equities researchers at Mitsubishi UFJ Financial Group raised their FY2018 earnings per share estimates for shares of Pennsylvania R.E.I.T. in a research note issued on Wednesday, November 14th. Mitsubishi UFJ Financial Group analyst K. Ford now forecasts that the real estate investment trust will post earnings of $1.45 per share for the year, up from their previous forecast of $1.44. Mitsubishi UFJ Financial Group also issued estimates for Pennsylvania R.E.I.T.’s Q4 2018 earnings at $0.43 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.48 EPS, FY2019 earnings at $1.45 EPS, Q1 2020 earnings at $0.30 EPS, Q2 2020 earnings at $0.33 EPS, Q3 2020 earnings at $0.35 EPS and FY2020 earnings at $1.45 EPS.

Pennsylvania R.E.I.T. (NYSE:PEI) last posted its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.01). Pennsylvania R.E.I.T. had a negative net margin of 6.91% and a negative return on equity of 3.53%. The business had revenue of $83.90 million during the quarter, compared to analysts’ expectations of $87.12 million.

Several other research analysts have also commented on the stock. Barclays restated a “sell” rating and issued a $9.00 price target on shares of Pennsylvania R.E.I.T. in a report on Sunday, October 14th. Citigroup cut their price target on shares of Pennsylvania R.E.I.T. from $11.50 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, November 6th. Zacks Investment Research upgraded shares of Pennsylvania R.E.I.T. from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, ValuEngine upgraded shares of Pennsylvania R.E.I.T. from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.42.

NYSE PEI opened at $8.09 on Thursday. Pennsylvania R.E.I.T. has a one year low of $7.96 and a one year high of $12.52. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $641.23 million, a P/E ratio of 4.84 and a beta of 1.10.

Institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank purchased a new stake in shares of Pennsylvania R.E.I.T. during the second quarter valued at approximately $117,000. Fox Run Management L.L.C. purchased a new stake in shares of Pennsylvania R.E.I.T. during the second quarter valued at approximately $124,000. Shufro Rose & Co. LLC purchased a new stake in shares of Pennsylvania R.E.I.T. during the second quarter valued at approximately $125,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Pennsylvania R.E.I.T. during the second quarter valued at approximately $127,000. Finally, Boulegeris Investments Inc. purchased a new stake in shares of Pennsylvania R.E.I.T. during the second quarter valued at approximately $132,000. Institutional investors own 91.44% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.38%. Pennsylvania R.E.I.T.’s dividend payout ratio is currently 50.30%.

Pennsylvania R.E.I.T. Company Profile

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. REIT'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.

Further Reading: Yield Curve

Earnings History and Estimates for Pennsylvania R.E.I.T. (NYSE:PEI)

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