News articles about Pennsylvania R.E.I.T. (NYSE:PEI) have trended positive this week, according to Accern Sentiment. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pennsylvania R.E.I.T. earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.507259315894 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Pennsylvania R.E.I.T. (NYSE:PEI) traded down $0.02 on Tuesday, reaching $9.87. 81,743 shares of the company traded hands, compared to its average volume of 1,197,837. Pennsylvania R.E.I.T. has a 1-year low of $9.30 and a 1-year high of $15.42. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $698.80, a PE ratio of -11.09 and a beta of 1.22.
Pennsylvania R.E.I.T. (NYSE:PEI) last posted its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.53). Pennsylvania R.E.I.T. had a negative return on equity of 3.60% and a negative net margin of 7.99%. The firm had revenue of $97.97 million for the quarter, compared to the consensus estimate of $93.85 million. sell-side analysts anticipate that Pennsylvania R.E.I.T. will post 1.54 EPS for the current fiscal year.
Several equities analysts recently commented on PEI shares. ValuEngine downgraded shares of Pennsylvania R.E.I.T. from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded shares of Pennsylvania R.E.I.T. from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Boenning Scattergood reaffirmed a “hold” rating on shares of Pennsylvania R.E.I.T. in a research report on Friday, February 16th. Citigroup cut their price objective on shares of Pennsylvania R.E.I.T. from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $11.50 price objective (down previously from $12.00) on shares of Pennsylvania R.E.I.T. in a research report on Thursday, February 15th. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.21.
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Pennsylvania R.E.I.T. Company Profile
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).
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