Filing Worth Watching: Pennsylvania Real Estate Investment Trust: Heitman Real Estate Securities Llc Opened Big New Position

Filing Worth Watching: Pennsylvania Real Estate Investment Trust: Heitman Real Estate Securities Llc Opened Big New Position

The New Heitman Real Estate Securities Llc Holding in Pennsylvania Real Estate Investment Trust

Heitman Real Estate Securities Llc filed with the SEC SC 13G/A form for Pennsylvania Real Estate Investment Trust. The form can be accessed here: 000114036116086761. As reported in Heitman Real Estate Securities Llc’s form, the filler as of late owns 6.51% or 224,498 shares of the Finance–company.

Pennsylvania Real Estate Investment Trust stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Heitman Real Estate Securities Llc’s positive view for the stock. For a institutional investor managing $2.16 billion in assets and having 17+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Pennsylvania Real Estate Investment Trust Institutional Sentiment

Latest Security and Exchange filings show 148 investors own Pennsylvania Real Estate Investment Trust. The institutional ownership in Q3 2015 is high, at 75.49% of the outstanding shares. This is decreased by 11634019 the total institutional shares. 52495969 were the shares owned by these institutional investors. In total 8 funds opened new Pennsylvania Real Estate Investment Trust stakes, 56 increased stakes. There were 19 that closed positions and 57 reduced them.

Orinda Asset Management Llc is an institutional investor bullish on Pennsylvania Real Estate Investment Trust, owning 41758 shares as of Q3 2015 for 1.04% of its portfolio. Cohen & Steers Inc owns 11858921 shares or 0.71% of its portfolio. TX Keypoint Capital Management Llc have 3.63% of their stock portfolio for 121480 shares. Further, Dreman Value Management Llc reported stake worth 1.05% of its US stock portfolio. The CT Starwood Real Estate Securities Llc owns 621725 shares. Pennsylvania Real Estate Investment Trust is 6.67% of the manager’s US portfolio.

Business Profile

Pennsylvania Real Estate Investment Trust (PREIT) is an integrated, self-managed and self-administered real estate investment trust (REIT). The Company has a primary investment focus on retail shopping malls located in the eastern half of the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Company’s portfolio of properties includes Premier Malls, Core Growth Malls and Non Core Malls. It owns interests in approximately 33 retail properties, of which over 29 are operating properties and over four are development properties. Its operating properties include over 25 shopping malls and over four other retail properties, have a total of approximately 24.3 million square feet and are located in over 10 states. It provides management, leasing and real estate development services through its PREIT Services, LLC (PREIT Services) and PREIT-RUBIN, Inc. (PRI).

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Heitman Real Estate Securities Llc website.

Insitutional Activity: The institutional sentiment decreased to 1.23 in 2016 Q2. Its down 0.66, from 1.89 in 2016Q1. The ratio dived, as 18 funds sold all Pennsylvania R.E.I.T. shares owned while 55 reduced positions. 27 funds bought stakes while 63 increased positions. They now own 62.55 million shares or 2.96% less from 64.46 million shares in 2016Q1.

Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Pennsylvania R.E.I.T. (NYSE:PEI) for 3,239 shares. New York State Common Retirement Fund reported 68,500 shares or 0% of all its holdings. Mizuho Bk Co Limited holds 0% or 13,481 shares in its portfolio. Blackrock Advsrs Ltd Limited Liability Company, a Delaware-based fund reported 645,539 shares. Shinko Asset Limited accumulated 2,600 shares or 0% of the stock. Wells Fargo Mn holds 0% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI) for 582,120 shares. Price T Rowe Md last reported 0% of its portfolio in the stock. Moreover, Lifeplan Fincl Group has 0.18% invested in Pennsylvania R.E.I.T. (NYSE:PEI) for 11,988 shares. Moreover, State Of Tennessee Treasury Department has 0.01% invested in Pennsylvania R.E.I.T. (NYSE:PEI) for 54,996 shares. Kcg Inc last reported 0.01% of its portfolio in the stock. Barclays Pcl holds 0% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI) for 43,893 shares. Indexiq Advsrs Limited Com owns 54,676 shares or 0.07% of their US portfolio. Whittier Tru Com has 0.01% invested in the company for 11,656 shares. Springbok Cap Lc accumulated 20,000 shares or 0.06% of the stock. Wellington Mngmt Group Incorporated Llp accumulated 57,162 shares or 0% of the stock.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 3 selling transactions for $1.66 million net activity. Shares for $735,570 were sold by CORADINO JOSEPH F. $222,700 worth of Pennsylvania R.E.I.T. (NYSE:PEI) shares were sold by Ioannou Andrew M..

About 546,844 shares traded hands. Pennsylvania R.E.I.T. (NYSE:PEI) has declined 10.44% since April 13, 2016 and is downtrending. It has underperformed by 14.37% the S&P500.

Pennsylvania Real Estate Investment Trust is an integrated, self-managed and self-administered real estate investment trust (REIT). The company has a market cap of $1.43 billion. The Firm has a primary investment focus on retail shopping malls located in the eastern half of the United States. It currently has negative earnings. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls.

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

Out of 3 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. $19 is the highest target while $18 is the lowest. The $19 average target is -5.38% below today’s ($20.08) stock price. Pennslyvania Real Estate Investment Trust has been the topic of 4 analyst reports since January 26, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, April 20 by Stifel Nicolaus. Boenning & Scattergood upgraded the shares of PEI in a report on Wednesday, April 6 to “Outperform” rating. The stock of Pennsylvania R.E.I.T. (NYSE:PEI) has “Underperform” rating given on Tuesday, January 26 by Barclays Capital. Barclays Capital maintained it with “Underweight” rating and $19 target price in Monday, March 7 report.

More news for Pennsylvania R.E.I.T. (NYSE:PEI) were recently published by: Wsj.com, which released: “Pennsylvania REIT Sheds Rest of Mall Laggards” on March 30, 2016. Prnewswire.com‘s article titled: “How These REIT Stocks are Faring? — Macerich, SL Green Realty, Equity One …” and published on November 15, 2016 is yet another important article.

According to Zacks Investment Research, “PENNSYLVANIA R.E. INVEST. TR. is a real estate investment trust, engaged in acquiring and holding for investment interests in real estate.”

PEI Company Profile

Pennsylvania Real Estate Investment Trust (PREIT), incorporated on September 29, 1997, is an integrated, self-managed and self-administered real estate investment trust (REIT). The Firm has a primary investment focus on retail shopping malls located in the eastern half of the United States, primarily in the Mid-Atlantic region. The Firm is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Firm owns interests in approximately 33 retail properties, of which over 29 are operating properties and over four are development properties. The Company’s operating properties include over 25 shopping malls and over four other retail properties, have a total of approximately 24.3 million square feet and are located in over 10 states. The development and redevelopment portion of its portfolio contains over four properties in approximately three states, with over two are classified as mixed use (a combination of retail and other uses), one is classified as retail (redevelopment of The Gallery at Market East into the Fashion Outlets of Philadelphia) and one classified as other.

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