Wall Street analysts expect that Pennsylvania Real Estate Investment Trust (NYSE:PEI) will report earnings per share of $0.49 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Pennsylvania Real Estate Investment Trust’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.48. Pennsylvania Real Estate Investment Trust posted earnings of $0.57 per share in the same quarter last year, which suggests a negative year over year growth rate of 14%. The business is expected to issue its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Pennsylvania Real Estate Investment Trust will report full-year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.65. For the next financial year, analysts forecast that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.69 to $1.81. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Pennsylvania Real Estate Investment Trust.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Pennsylvania Real Estate Investment Trust had a negative return on equity of 7.60% and a negative net margin of 16.35%. The company had revenue of $89.20 million during the quarter, compared to analyst estimates of $98.85 million. During the same quarter last year, the firm posted $0.48 earnings per share. The firm’s revenue was down 9.8% on a year-over-year basis.

A number of analysts recently commented on the company. Barclays reaffirmed a “sell” rating and issued a $10.00 price target on shares of Pennsylvania Real Estate Investment Trust in a research note on Thursday, October 19th. Zacks Investment Research lowered Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine lowered Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price target on shares of Pennsylvania Real Estate Investment Trust in a research note on Thursday, October 12th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.86.

Shares of Pennsylvania Real Estate Investment Trust (NYSE PEI) traded down $0.27 during mid-day trading on Friday, reaching $11.50. The company had a trading volume of 2,286,955 shares, compared to its average volume of 1,773,983. Pennsylvania Real Estate Investment Trust has a 12 month low of $9.32 and a 12 month high of $18.98. The stock has a market capitalization of $799.76, a price-to-earnings ratio of -9.27 and a beta of 1.35. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.91 and a quick ratio of 1.91.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.84 dividend on an annualized basis and a yield of 7.30%. Pennsylvania Real Estate Investment Trust’s dividend payout ratio (DPR) is -67.74%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. bought a new position in Pennsylvania Real Estate Investment Trust in the third quarter worth $146,000. SG Americas Securities LLC raised its holdings in Pennsylvania Real Estate Investment Trust by 46.3% in the second quarter. SG Americas Securities LLC now owns 14,618 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 4,624 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Pennsylvania Real Estate Investment Trust in the second quarter worth $171,000. BlueCrest Capital Management Ltd raised its holdings in Pennsylvania Real Estate Investment Trust by 13.6% in the second quarter. BlueCrest Capital Management Ltd now owns 15,152 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Pennsylvania Real Estate Investment Trust in the second quarter worth $196,000. Institutional investors and hedge funds own 97.74% of the company’s stock.

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Pennsylvania Real Estate Investment Trust 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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