Pennsylvania R.E.I.T. (NYSE:PEI) Rating Lowered to Strong Sell at ValuEngine

ValuEngine lowered shares of Pennsylvania R.E.I.T. (NYSE:PEI) from a sell rating to a strong sell rating in a report issued on Saturday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Pennsylvania R.E.I.T. from a sell rating to a hold rating in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $6.81.

Shares of NYSE PEI opened at $5.35 on Friday. Pennsylvania R.E.I.T. has a 12-month low of $4.34 and a 12-month high of $9.88. The company has a market capitalization of $418.77 million, a PE ratio of 3.47 and a beta of 1.20. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.56 and a quick ratio of 0.56. The firm’s 50-day moving average is $5.25 and its two-hundred day moving average is $6.07.

Pennsylvania R.E.I.T. (NYSE:PEI) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.44). Pennsylvania R.E.I.T. had a negative net margin of 28.45% and a negative return on equity of 18.31%. The business had revenue of $81.08 million during the quarter. On average, analysts forecast that Pennsylvania R.E.I.T. will post 1.2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 15.70%. The ex-dividend date was Friday, August 30th. Pennsylvania R.E.I.T.’s dividend payout ratio is presently 54.55%.

Several large investors have recently bought and sold shares of the company. Texas Permanent School Fund raised its position in shares of Pennsylvania R.E.I.T. by 4.7% in the first quarter. Texas Permanent School Fund now owns 43,928 shares of the real estate investment trust’s stock valued at $276,000 after buying an additional 1,967 shares during the last quarter. Arrow Investment Advisors LLC raised its position in shares of Pennsylvania R.E.I.T. by 3.7% in the second quarter. Arrow Investment Advisors LLC now owns 64,675 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 2,327 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Pennsylvania R.E.I.T. by 6.6% in the second quarter. State of Alaska Department of Revenue now owns 47,342 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 2,946 shares during the last quarter. Tyers Asset Management LLC raised its position in shares of Pennsylvania R.E.I.T. by 43.8% in the second quarter. Tyers Asset Management LLC now owns 11,968 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 3,648 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Pennsylvania R.E.I.T. by 119.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,250 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 3,943 shares during the last quarter. 66.40% of the stock is owned by institutional investors and hedge funds.

About Pennsylvania R.E.I.T.

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely-populated eastern U.S.

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