Pennsylvania Real Estate Invest (NYSE:PEI):
PREIT Continues Strategic Portfolio Repositioning With Addition of In-Demand Retailers.
The company is now down from yesterday’s close of $19.64.
Additionally the company recently declared a dividend which was paid on Thursday the 15th of September 2016. The dividend was $0.210 per share for the quarter which is $0.84 annualized. This dividend represents a yield of $4.13. The ex-dividend date was set for Tuesday the 30th of August 2016.
Shares last traded at $19.44 a tad below $22.28, the stock’s 50 day moving average and which is slightly below the 200 day moving average of $22.76. The 50 day moving average went down by -12.74% and the 200 day average was down $-3.32.
As of the last earnings report the EPS was $-1.14 and is projected to be $1.85 for the current year with 69,515,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.57 and the next full year EPS is anticipated to be $1.97.
Several Wall Street investment firms have issued ratings on Pennsylvania Real Estate Invest of late. On April 20 the company was upgraded to “Buy” from “Hold” by Stifel Nicolaus. On April 6 the stock rating was upgraded from “Neutral” to “Outperform” in an announcement from Boenning & Scattergood.
Equity analyst Mitsubishi UFJ started covering the stock by announcing an initial rating of “Overweight” and setting a price target of $24.00. On April 1 Citigroup left the stock rating at “Neutral” but raised the price expectation to $23.00 from $20.00.
March 7 investment analysts at Barclays held the stock rating at “Underweight” but moved up the price target from $18.00 to $19.00. Equity analyst Barclays downgraded the stock and lowered the price target on January 26 changing the price objective from $21.00 to $18.00 and setting the rating at “Underperform” which had previously been “Equal-weight”.