Pennsylvania Real Estate Investment Trust (NYSE:PEI) Expected to Announce Earnings of $0.16 Per Share

Wall Street brokerages forecast that Pennsylvania Real Estate Investment Trust (NYSE:PEI) will report earnings per share of $0.16 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Pennsylvania Real Estate Investment Trust’s earnings. Pennsylvania Real Estate Investment Trust posted earnings per share of $0.34 in the same quarter last year, which would indicate a negative year over year growth rate of 52.9%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 23rd.

According to Zacks, analysts expect that Pennsylvania Real Estate Investment Trust will report full-year earnings of $0.37 per share for the current financial year. For the next financial year, analysts forecast that the business will post earnings of $0.48 per share. Zacks’ EPS calculations are an average based on a survey of research firms that follow Pennsylvania Real Estate Investment Trust.

Separately, Zacks Investment Research downgraded Pennsylvania Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 5th.

PEI stock opened at $2.20 on Tuesday. The stock has a market cap of $174.98 million, a P/E ratio of -1.58 and a beta of 3.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 5.73. The business’s 50-day moving average price is $1.94 and its 200-day moving average price is $1.10. Pennsylvania Real Estate Investment Trust has a twelve month low of $0.35 and a twelve month high of $3.84.

A number of institutional investors and hedge funds have recently made changes to their positions in PEI. Public Employees Retirement System of Ohio increased its position in Pennsylvania Real Estate Investment Trust by 44.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 33,564 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 10,349 shares during the period. Aperio Group LLC boosted its holdings in shares of Pennsylvania Real Estate Investment Trust by 269.1% in the fourth quarter. Aperio Group LLC now owns 48,812 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 35,587 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Pennsylvania Real Estate Investment Trust in the third quarter valued at $83,000. Financial Advisory Corp UT ADV boosted its stake in shares of Pennsylvania Real Estate Investment Trust by 294.2% during the fourth quarter. Financial Advisory Corp UT ADV now owns 91,623 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 68,382 shares during the period. Finally, ExodusPoint Capital Management LP raised its holdings in Pennsylvania Real Estate Investment Trust by 133.3% in the third quarter. ExodusPoint Capital Management LP now owns 229,900 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 131,341 shares in the last quarter. Institutional investors and hedge funds own 27.91% of the company’s stock.

Pennsylvania Real Estate Investment Trust Company Profile

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT'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 Real Estate Investment Trust (NYSE:PEI)

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