5.88 % to Target, Citigroup Maintains ‘Neutral’ Rating on Pennsylvania REIT (NYSE:PEI) Shares Today

June 19, 2018 - By Michael Collier

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Logo

Investors sentiment increased to 1.26 in 2018 Q1. Its up 0.23, from 1.03 in 2017Q4. It increased, as 14 investors sold Pennsylvania Real Estate Investment Trust shares while 54 reduced holdings. 31 funds opened positions while 55 raised stakes. 67.00 million shares or 2.32% more from 65.48 million shares in 2017Q4 were reported.

Blackrock reported 10.80 million shares stake. Ls Invest Advsr Ltd Liability Corp has 1,914 shares for 0% of their portfolio. Whittier Company has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Goldman Sachs Gru accumulated 505,283 shares. 102,500 were reported by State Of New Jersey Common Pension Fund D. Illinois-based Northern Tru has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Citigroup Inc accumulated 0% or 51,190 shares. Stevens Capital Limited Partnership has invested 0.04% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Great West Life Assurance Can has 166,054 shares for 0% of their portfolio. Moreover, Sei Invs Company has 0.02% invested in Pennsylvania Real Estate Investment Trust (NYSE:PEI) for 568,248 shares. King Street Mgmt Limited Partnership stated it has 2.00 million shares or 1.68% of all its holdings. Employees Retirement Of Texas holds 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI) for 32,000 shares. Bank Of New York Mellon Corporation owns 1.74 million shares. Manufacturers Life Ins The accumulated 0% or 53,718 shares. Element Cap Ltd Liability Co owns 14,478 shares for 0% of their portfolio.

Pennsylvania REIT (NYSE:PEI) Rating Reaffirmed

Investment analysts at Citigroup now has a $12 target price on Pennsylvania REIT (NYSE:PEI). Citigroup and their recent target price gives a potential upside of 5.88 % from the company’s stock close price. The rating has been disclosed in analysts report on Tuesday, 19 June.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Ratings Coverage

Among 6 analysts covering Pennsylvania Real Estate (NYSE:PEI), 0 have Buy rating, 2 Sell and 4 Hold. Therefore 0 are positive. Pennsylvania Real Estate has $12.0 highest and $1000 lowest target. $10.30’s average target is -9.12% below currents $11.3331 stock price. Pennsylvania Real Estate had 9 analyst reports since January 19, 2018 according to SRatingsIntel. Barclays Capital maintained the stock with “Underweight” rating in Tuesday, March 13 report. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) has “Hold” rating given on Thursday, May 3 by Boenning & Scattergood. As per Monday, January 29, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, May 2. Boenning & Scattergood maintained the stock with “Hold” rating in Friday, February 16 report. The rating was maintained by SunTrust with “Hold” on Tuesday, April 3. Stifel Nicolaus maintained it with “Hold” rating and $11.5 target in Thursday, February 15 report. The rating was maintained by Citigroup on Wednesday, February 21 with “Neutral”.

The stock increased 0.29% or $0.0331 during the last trading session, reaching $11.3331. About 181,157 shares traded. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 10.64% since June 19, 2017 and is downtrending. It has underperformed by 23.21% the S&P500.

Analysts await Pennsylvania Real Estate Investment Trust (NYSE:PEI) to report earnings on August, 14. They expect $0.34 earnings per share, down 12.82 % or $0.05 from last year’s $0.39 per share. PEI’s profit will be $26.73 million for 8.33 P/E if the $0.34 EPS becomes a reality. After $0.29 actual earnings per share reported by Pennsylvania Real Estate Investment Trust for the previous quarter, Wall Street now forecasts 17.24 % EPS growth.

Pennsylvania Real Estate Investment Trust is a publicly owned equity real estate investment trust. The company has market cap of $891.08 million. The firm manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern United States. It currently has negative earnings. It also provides management, leasing, and development services to affiliate and third party property owners.

Another recent and important Pennsylvania Real Estate Investment Trust (NYSE:PEI) news was published by Globenewswire.com which published an article titled: “Report: Developing Opportunities within Axon Enterprise, Old Dominion Freight Line, Pennsylvania Real Estate …” on June 15, 2018.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Institutional Positions Chart

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