Pennsylvania Real Estate Investment Trust (PEI) Receiving Favorable Media Coverage, Report Finds

News stories about Pennsylvania Real Estate Investment Trust (NYSE:PEI) have been trending positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pennsylvania Real Estate Investment Trust earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.6431317029736 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) opened at $11.66 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.91 and a current ratio of 1.91. The firm has a market capitalization of $810.24, a price-to-earnings ratio of -9.40 and a beta of 1.35. Pennsylvania Real Estate Investment Trust has a 12 month low of $9.32 and a 12 month high of $18.72.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $89.20 million for the quarter, compared to the consensus estimate of $98.85 million. Pennsylvania Real Estate Investment Trust had a negative return on equity of 7.60% and a negative net margin of 16.35%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. equities research analysts expect that Pennsylvania Real Estate Investment Trust will post 1.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend was Thursday, November 30th. Pennsylvania Real Estate Investment Trust’s payout ratio is currently -67.74%.

PEI has been the subject of a number of analyst reports. Stifel Nicolaus restated a “hold” rating and set a $11.00 price objective on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, October 12th. ValuEngine lowered Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Citigroup cut their target price on Pennsylvania Real Estate Investment Trust from $12.50 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Zacks Investment Research raised Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. Finally, Barclays reaffirmed a “sell” rating and set a $10.00 target price on shares of Pennsylvania Real Estate Investment Trust in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.71.

COPYRIGHT VIOLATION NOTICE: “Pennsylvania Real Estate Investment Trust (PEI) Receiving Favorable Media Coverage, Report Finds” was reported by Markets Daily and is the property of of Markets Daily. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.themarketsdaily.com/2018/01/12/pennsylvania-real-estate-investment-trust-pei-receiving-favorable-media-coverage-report-finds.html.

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).

Insider Buying and Selling by Quarter for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

Receive News & Ratings for Pennsylvania Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennsylvania Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply