Two Sigma Advisers LP Has $1.99 Million Holdings in Pennsylvania R.E.I.T. (PEI)

Two Sigma Advisers LP grew its holdings in shares of Pennsylvania R.E.I.T. (NYSE:PEI) by 112.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,212 shares of the real estate investment trust’s stock after buying an additional 88,500 shares during the quarter. Two Sigma Advisers LP’s holdings in Pennsylvania R.E.I.T. were worth $1,988,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PEI. Victory Capital Management Inc. lifted its position in Pennsylvania R.E.I.T. by 24.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,779,525 shares of the real estate investment trust’s stock worth $21,159,000 after buying an additional 350,456 shares in the last quarter. Highbridge Capital Management LLC lifted its position in Pennsylvania R.E.I.T. by 346.6% during the 3rd quarter. Highbridge Capital Management LLC now owns 401,958 shares of the real estate investment trust’s stock worth $4,217,000 after buying an additional 311,958 shares in the last quarter. Guggenheim Capital LLC lifted its position in Pennsylvania R.E.I.T. by 373.6% during the 4th quarter. Guggenheim Capital LLC now owns 292,838 shares of the real estate investment trust’s stock worth $3,482,000 after buying an additional 231,007 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Pennsylvania R.E.I.T. by 24.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 943,635 shares of the real estate investment trust’s stock worth $9,899,000 after buying an additional 183,024 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Pennsylvania R.E.I.T. by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,169,301 shares of the real estate investment trust’s stock worth $13,902,000 after buying an additional 130,535 shares in the last quarter.

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A number of brokerages have recently issued reports on PEI. SunTrust Banks reaffirmed a “hold” rating and issued a $10.00 target price on shares of Pennsylvania R.E.I.T. in a report on Tuesday, April 3rd. Barclays dropped their target price on shares of Pennsylvania R.E.I.T. from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, March 13th. Citigroup dropped their target price on shares of Pennsylvania R.E.I.T. from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Boenning Scattergood reaffirmed a “hold” rating on shares of Pennsylvania R.E.I.T. in a report on Friday, February 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.50 target price (down from $12.00) on shares of Pennsylvania R.E.I.T. in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.07.

Shares of PEI opened at $9.94 on Monday. Pennsylvania R.E.I.T. has a 52 week low of $9.20 and a 52 week high of $15.34. The stock has a market capitalization of $699.50, a P/E ratio of 5.95 and a beta of 1.21. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.18.

Pennsylvania R.E.I.T. (NYSE:PEI) last announced its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.53). Pennsylvania R.E.I.T. had a negative net margin of 7.99% and a negative return on equity of 3.60%. The company had revenue of $97.97 million during the quarter, compared to analyst estimates of $93.85 million. equities analysts expect that Pennsylvania R.E.I.T. will post 1.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a $0.21 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 8.45%. Pennsylvania R.E.I.T.’s dividend payout ratio (DPR) is currently 50.30%.

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Pennsylvania R.E.I.T. 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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Institutional Ownership by Quarter for Pennsylvania R.E.I.T. (NYSE:PEI)

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