Pennsylvania R.E.I.T. (PEI) Analysts See $0.41 EPS

October 13, 2017 - By wolcottdaily

 Pennsylvania R.E.I.T. (PEI) Analysts See $0.41 EPS
Investors sentiment decreased to 1.43 in 2017 Q2. Its down 0.19, from 1.62 in 2017Q1. It dropped, as 30 investors sold Pennsylvania R.E.I.T. shares while 38 reduced holdings. 21 funds opened positions while 76 raised stakes. 63.58 million shares or 0.57% less from 63.95 million shares in 2017Q1 were reported.
Moreover, Balyasny Asset Mgmt Ltd Llc has 0.07% invested in Pennsylvania R.E.I.T. (NYSE:PEI) for 1.56 million shares. Moreover, Da Davidson & has 0% invested in Pennsylvania R.E.I.T. (NYSE:PEI) for 8,757 shares. Pioneer Investment Management holds 0% or 120,100 shares. Bluecrest Capital Limited owns 15,152 shares or 0.01% of their US portfolio. Walleye Trading Ltd holds 0.01% or 118,743 shares in its portfolio. Quantitative Systematic Strategies Lc reported 25,679 shares or 0.08% of all its holdings. Profund Advisors Ltd Limited Liability Company has 0.01% invested in Pennsylvania R.E.I.T. (NYSE:PEI) for 11,918 shares. Tiaa Cref Inv Mngmt Lc holds 0% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI) for 266,348 shares. Strs Ohio reported 0.01% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI). King Street Lp, a New York-based fund reported 500,000 shares. Independent Order Of Foresters accumulated 29,291 shares or 0.28% of the stock. Ny State Common Retirement Fund has 0% invested in Pennsylvania R.E.I.T. (NYSE:PEI). Westpac reported 305,422 shares. Sei Invs Company invested 0.02% in Pennsylvania R.E.I.T. (NYSE:PEI). Dimensional Fund Advsr L P holds 0.01% or 1.03 million shares in its portfolio.

Since May 30, 2017, it had 3 insider purchases, and 0 sales for $282,200 activity. CORADINO JOSEPH F also bought $115,700 worth of Pennsylvania R.E.I.T. (NYSE:PEI) shares. $58,900 worth of stock was bought by ALBURGER GEORGE J JR on Monday, June 12.

Analysts await Pennsylvania R.E.I.T. (NYSE:PEI) to report earnings on November, 1. They expect $0.41 EPS, down 16.33 % or $0.08 from last year’s $0.49 per share. PEI’s profit will be $28.63 million for 6.45 P/E if the $0.41 EPS becomes a reality. After $0.39 actual EPS reported by Pennsylvania R.E.I.T. for the previous quarter, Wall Street now forecasts 5.13 % EPS growth. The stock increased 1.93% or $0.2 on October 13, reaching $10.58. About 1.47 million shares traded or 8.09% up from the average. Pennsylvania R.E.I.T. (NYSE:PEI) has declined 47.73% since October 13, 2016 and is downtrending. It has underperformed by 64.43% the S&P500.

Pennsylvania R.E.I.T. (NYSE:PEI) Ratings Coverage

Among 7 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 0 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Pennslyvania Real Estate Investment Trust had 15 analyst reports since January 26, 2016 according to SRatingsIntel. Barclays Capital downgraded Pennsylvania R.E.I.T. (NYSE:PEI) on Tuesday, January 26 to “Underperform” rating. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, October 10. The rating was downgraded by Suntrust Robinson on Friday, January 20 to “Hold”. The firm has “Hold” rating by Boenning & Scattergood given on Wednesday, September 6. The stock of Pennsylvania R.E.I.T. (NYSE:PEI) earned “Neutral” rating by Citigroup on Monday, August 14. Stifel Nicolaus upgraded the shares of PEI in report on Wednesday, April 20 to “Buy” rating. The firm has “Hold” rating given on Monday, December 12 by Stifel Nicolaus. As per Friday, September 8, the company rating was maintained by Stifel Nicolaus. The company was maintained on Tuesday, August 15 by Barclays Capital. The stock has “Hold” rating by SunTrust on Friday, January 20.

Pennsylvania Real Estate Investment Trust is a self-managed and self-administered real estate investment trust (REIT). The company has market cap of $738.78 million. 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). It currently has negative earnings. The Firm is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls.

More notable recent Pennsylvania R.E.I.T. (NYSE:PEI) news were published by: Seekingalpha.com which released: “An Undeniably Weak Portfolio With Pennsylvania REIT” on June 02, 2017, also Seekingalpha.com with their article: “Pennsylvania REIT: Time To Liquidate” published on May 22, 2017, Thestreet.com published: “Pennsylvania Real Estate Investment Trust: Cramer’s Top Takeaways” on September 30, 2017. More interesting news about Pennsylvania R.E.I.T. (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: “Has The Worst Mall REIT In 2017 Finally Hit Bottom?” with publication date: September 26, 2017.

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