FY2018 Earnings Estimate for Pennsylvania Real Estate Investment Trust (PEI) Issued By SunTrust Banks

Pennsylvania Real Estate Investment Trust (NYSE:PEI) – Equities researchers at SunTrust Banks dropped their FY2018 earnings per share (EPS) estimates for shares of Pennsylvania Real Estate Investment Trust in a report released on Monday. SunTrust Banks analyst K. Kim now expects that the real estate investment trust will post earnings per share of $1.70 for the year, down from their prior forecast of $1.73. SunTrust Banks also issued estimates for Pennsylvania Real Estate Investment Trust’s FY2019 earnings at $1.79 EPS and FY2022 earnings at $1.86 EPS.

PEI has been the topic of a number of other research reports. Zacks Investment Research raised Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, January 10th. Barclays reiterated 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. ValuEngine downgraded shares of Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $11.00 target price on shares of Pennsylvania Real Estate Investment Trust in a research note on Thursday, October 12th. Four research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.29.

Pennsylvania Real Estate Investment Trust (PEI) traded up $0.17 during trading on Tuesday, hitting $11.90. The stock had a trading volume of 1,209,200 shares, compared to its average volume of 1,328,893. Pennsylvania Real Estate Investment Trust has a 1-year low of $9.32 and a 1-year high of $18.26. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $841.70, a price-to-earnings ratio of -9.60 and a beta of 1.35.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $89.20 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 earnings per share.

A number of institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. purchased a new position in Pennsylvania Real Estate Investment Trust in the fourth quarter valued at about $139,000. Schwab Charles Investment Management Inc. grew its position in shares of Pennsylvania Real Estate Investment Trust by 12.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,063,416 shares of the real estate investment trust’s stock valued at $12,645,000 after purchasing an additional 119,781 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Pennsylvania Real Estate Investment Trust by 72.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 60,400 shares of the real estate investment trust’s stock worth $718,000 after acquiring an additional 25,400 shares during the last quarter. California Public Employees Retirement System boosted its position in Pennsylvania Real Estate Investment Trust by 12.6% during the third quarter. California Public Employees Retirement System now owns 206,566 shares of the real estate investment trust’s stock worth $2,167,000 after acquiring an additional 23,132 shares during the last quarter. Finally, Kalos Management Inc. boosted its position in Pennsylvania Real Estate Investment Trust by 25.1% during the third quarter. Kalos Management Inc. now owns 66,182 shares of the real estate investment trust’s stock worth $694,000 after acquiring an additional 13,287 shares during the last quarter.

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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).

Earnings History and Estimates for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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