Pennsylvania R.E.I.T. (NYSE:PEI)‘s stock had its “sell” rating reiterated by research analysts at Barclays in a research note issued on Tuesday, AnalystRatings.com reports. They currently have a $5.00 target price on the real estate investment trust’s stock. Barclays‘s target price suggests a potential downside of 14.53% from the stock’s current price.
PEI has been the subject of a number of other research reports. Boenning Scattergood reiterated a “hold” rating on shares of Pennsylvania R.E.I.T. in a research report on Friday, February 15th. Zacks Investment Research downgraded Pennsylvania R.E.I.T. from a “hold” rating to a “sell” rating in a research report on Saturday, February 16th. Citigroup set a $7.00 target price on shares of Pennsylvania R.E.I.T. and gave the company a “hold” rating in a research note on Tuesday, February 26th. Finally, JPMorgan Chase & Co. downgraded shares of Pennsylvania R.E.I.T. from a “neutral” rating to an “underweight” rating and cut their target price for the company from $10.00 to $8.00 in a research note on Wednesday, December 19th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and a consensus price target of $7.63.
Shares of NYSE:PEI opened at $5.85 on Tuesday. Pennsylvania R.E.I.T. has a one year low of $5.51 and a one year high of $12.45. The firm has a market cap of $426.57 million, a PE ratio of 3.80 and a beta of 1.52. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.65 and a quick ratio of 0.65.
Pennsylvania R.E.I.T. (NYSE:PEI) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.77). Pennsylvania R.E.I.T. had a negative net margin of 30.84% and a negative return on equity of 16.89%. The company had revenue of $95.33 million for the quarter, compared to analyst estimates of $96.88 million. On average, equities research analysts expect that Pennsylvania R.E.I.T. will post 1.25 EPS for the current year.
A number of large investors have recently made changes to their positions in PEI. Mackenzie Financial Corp acquired a new stake in Pennsylvania R.E.I.T. during the 3rd quarter valued at $6,344,000. Norges Bank acquired a new stake in Pennsylvania R.E.I.T. during the 4th quarter valued at $3,803,000. Prudential Financial Inc. raised its stake in Pennsylvania R.E.I.T. by 128.1% during the 4th quarter. Prudential Financial Inc. now owns 450,005 shares of the real estate investment trust’s stock valued at $2,673,000 after purchasing an additional 252,739 shares during the period. BlackRock Inc. raised its stake in Pennsylvania R.E.I.T. by 2.0% during the 4th quarter. BlackRock Inc. now owns 11,428,311 shares of the real estate investment trust’s stock valued at $67,883,000 after purchasing an additional 224,565 shares during the period. Finally, First Republic Investment Management Inc. raised its stake in Pennsylvania R.E.I.T. by 174.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 125,637 shares of the real estate investment trust’s stock valued at $1,189,000 after purchasing an additional 79,904 shares during the period. 83.81% of the stock is currently owned by institutional investors.
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.
Read More: What is a Call Option?
Receive News & Ratings for Pennsylvania R.E.I.T. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennsylvania R.E.I.T. and related companies with MarketBeat.com's FREE daily email newsletter.