Pennsylvania Real Estate Investment Trust (PEI) Receiving Favorable News Coverage, Accern Reports

News headlines about Pennsylvania Real Estate Investment Trust (NYSE:PEI) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of 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 daily sentiment score of 0.32 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.7768507694555 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several equities analysts recently issued reports on PEI shares. ValuEngine upgraded shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus initiated coverage on shares of Pennsylvania Real Estate Investment Trust in a report on Friday, July 14th. They set a “hold” rating and a $11.50 price objective on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a report on Thursday, August 10th. BidaskClub upgraded shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.08.

Pennsylvania Real Estate Investment Trust (PEI) traded down 2.6037% during midday trading on Thursday, hitting $10.5188. 530,411 shares of the stock traded hands. Pennsylvania Real Estate Investment Trust has a 52 week low of $9.75 and a 52 week high of $21.85. The stock’s 50-day moving average price is $10.42 and its 200-day moving average price is $11.76. The stock’s market capitalization is $734.50 million.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Pennsylvania Real Estate Investment Trust had a negative net margin of 18.13% and a negative return on equity of 9.06%. The company had revenue of $89.25 million during the quarter, compared to analysts’ expectations of $95.60 million. During the same period last year, the company posted $0.43 EPS. Pennsylvania Real Estate Investment Trust’s revenue was down 5.3% on a year-over-year basis. Equities research analysts expect that Pennsylvania Real Estate Investment Trust will post ($0.76) EPS for the current fiscal year.

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About Pennsylvania Real Estate Investment Trust

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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