Pennsylvania R.E.I.T. (PEI) Expected to Post Earnings of $0.36 Per Share

Equities research analysts expect Pennsylvania R.E.I.T. (NYSE:PEI) to announce earnings of $0.47 per share for the current quarter, according to Zacks. Three analysts have made estimates for Pennsylvania R.E.I.T.’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.39. Pennsylvania R.E.I.T. posted earnings per share of $0.42 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.9%. The company is scheduled to announce its next earnings report on Wednesday, February 13th.

On average, analysts expect that Pennsylvania R.E.I.T. will report full-year earnings of $1.51 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.53. For the next financial year, analysts anticipate that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $1.47 to $1.53. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Pennsylvania R.E.I.T..

Pennsylvania R.E.I.T. (NYSE:PEI) last issued its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Pennsylvania R.E.I.T. had a negative return on equity of 2.21% and a negative net margin of 3.69%.

A number of brokerages have recently issued reports on PEI. ValuEngine raised shares of Pennsylvania R.E.I.T. from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Citigroup cut their price objective on shares of Pennsylvania R.E.I.T. from $12.00 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, August 16th. Zacks Investment Research downgraded shares of Pennsylvania R.E.I.T. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Finally, Barclays reaffirmed a “sell” rating and issued a $9.00 price objective on shares of Pennsylvania R.E.I.T. in a research report on Sunday, October 14th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.67.

Shares of Pennsylvania R.E.I.T. stock opened at $9.68 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.32. Pennsylvania R.E.I.T. has a 52-week low of $8.66 and a 52-week high of $12.52. The company has a market capitalization of $648.87 million, a PE ratio of 5.86 and a beta of 1.12.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 8.68%. The ex-dividend date is Friday, November 30th. Pennsylvania R.E.I.T.’s dividend payout ratio (DPR) is presently 50.30%.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Pennsylvania R.E.I.T. by 5.8% in the 2nd quarter. BlackRock Inc. now owns 11,418,011 shares of the real estate investment trust’s stock worth $125,484,000 after purchasing an additional 622,763 shares in the last quarter. Presima Inc. boosted its stake in Pennsylvania R.E.I.T. by 12.5% in the 3rd quarter. Presima Inc. now owns 2,819,700 shares of the real estate investment trust’s stock worth $26,674,000 after purchasing an additional 314,200 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Pennsylvania R.E.I.T. by 2.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,833,993 shares of the real estate investment trust’s stock worth $20,155,000 after purchasing an additional 52,455 shares in the last quarter. Northern Trust Corp boosted its stake in Pennsylvania R.E.I.T. by 1.6% in the 2nd quarter. Northern Trust Corp now owns 1,267,840 shares of the real estate investment trust’s stock worth $13,934,000 after purchasing an additional 19,799 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Pennsylvania R.E.I.T. by 5.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,217,751 shares of the real estate investment trust’s stock worth $13,384,000 after purchasing an additional 61,299 shares in the last quarter. Institutional investors own 91.20% of the company’s stock.

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. REIT'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.

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Earnings History and Estimates for Pennsylvania R.E.I.T. (NYSE:PEI)

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