Pennsylvania Real Estate Investment Trust (PEI) Receives Daily News Sentiment Score of 0.29

Media headlines about Pennsylvania Real Estate Investment Trust (NYSE:PEI) have been trending positive on Wednesday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest 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 headlines about the real estate investment trust an impact score of 46.5547924504011 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of brokerages have issued reports on PEI. Zacks Investment Research raised shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Thursday, January 4th. ValuEngine cut shares of Pennsylvania Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Citigroup reduced their price objective on shares of 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. Stifel Nicolaus reissued a “hold” rating and set a $11.00 price target on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, October 12th. Finally, Barclays reissued a “sell” rating and set a $10.00 price target on shares of Pennsylvania Real Estate Investment Trust in a research report on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Pennsylvania Real Estate Investment Trust has a consensus rating of “Hold” and an average target price of $13.71.

Pennsylvania Real Estate Investment Trust (NYSE PEI) opened at $11.42 on Wednesday. The firm has a market cap of $817.93, a price-to-earnings ratio of -9.21 and a beta of 1.35. Pennsylvania Real Estate Investment Trust has a 52-week low of $9.32 and a 52-week high of $18.72. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 1.79.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $89.20 million for the quarter, compared to analysts’ expectations of $98.85 million. Pennsylvania Real Estate Investment Trust had a net margin of 13.79% and a return on equity of 1.97%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. research analysts anticipate that Pennsylvania Real Estate Investment Trust will post 1.64 EPS for the current year.

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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).

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