Price Target Analysis of Pennsylvania Real Estate Investment Trust (PEI)

Marco Green
May 13, 2017

The stock decreased 1.74% or $0.21 during the last trading session, reaching $11.85.

Shares of Schroder Real Estate Investment Trst (LON:SREI) traded down 0.39% during midday trading on Tuesday, hitting GBX 63.50. About shares traded. Microchip Technology Inc.

Pennsylvania R.E.I.T. had a negative return on equity of 3.62% and a negative net margin of 6.65%. It has underperformed by 37.66% the S&P500.

North European Oil Royalty Trust is a grantor trust. He not a long ago invested in 4,300 shares in the Virginia-based company with the transaction value totalling around $50,998 United States dollars. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies (Royal Dutch/Shell Group).

Investors sentiment decreased to 0.91 in 2016 Q4. Its up 0.36, from 1.11 in 2016Q3. Shareholders of record on Thursday, June 1st will be given a dividend of $0.21 per share. Moreover, Lpl Fincl Lc has 0% invested in Pennsylvania R.E.I.T. (NYSE:PEI) for 12,281 shares. Amica Pension Fund Board Of Trustees owns 129,232 shares. Salem Counselors Incorporated owns 500 shares for 0% of their portfolio. Connable Office Incorporated has 49,667 shares for 0.73% of their portfolio. Vanguard Gp accumulated 2.94M shares. 184,134 were accumulated by California Employees Retirement Sys. Price T Rowe Inc Md accumulated 38,861 shares. Equities research analysts expect Government Properties Income Trust to earn $0.36 per share next year, which means the company may not be able to cover its $1.72 annual dividend with an expected future payout ratio of 477.8%.

Among 6 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.02. Scotia Capital maintained it with "Sector Perform" rating and $14.50 target in Friday, November 4 report. The stock has "Sector Perform" rating by Scotia Capital on Monday, August 10. Finally, JPMorgan Chase & Co. dropped their price objective on Pennsylvania R.E.I.T. from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, March 22nd. The firm has "Buy" rating given on Wednesday, April 20 by Stifel Nicolaus. TD Securities raised their price target on Interrent Real Estate Investment Trust from C$8.00 to C$8.50 and gave the company a "hold" rating in a research report on Thursday, February 23rd. The company was downgraded on Tuesday, December 15 by Piper Jaffray.

A number of brokerages have recently issued reports on PEI. After $0.35 actual earnings per share reported by Pennsylvania R.E.I.T. for the previous quarter, Wall Street now forecasts 5.71% EPS growth. Envestnet Asset Management Inc. boosted its stake in shares of Pennsylvania 10.2% in the first quarter. It also upped Buckeye Partners Lp (NYSE:BPL) stake by 16,500 shares and now owns 57,200 shares. Communications Sales & Leasing Inc was raised too. It is down 14.93% since September 30, 2016 and is downtrending. They were forecasting US$0.03 per share three months ago.

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