Dimensional Fund Advisors LP Raises Position in Pennsylvania Real Estate Investment Trust (PEI)

Dimensional Fund Advisors LP raised its position in shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,032,269 shares of the real estate investment trust’s stock after acquiring an additional 26,338 shares during the period. Dimensional Fund Advisors LP owned approximately 1.48% of Pennsylvania Real Estate Investment Trust worth $11,686,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Dupont Capital Management Corp raised its position in Pennsylvania Real Estate Investment Trust by 77.4% in the second quarter. Dupont Capital Management Corp now owns 11,727 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 5,117 shares in the last quarter. SG Americas Securities LLC raised its position in Pennsylvania Real Estate Investment Trust by 46.3% in the second quarter. SG Americas Securities LLC now owns 14,618 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 4,624 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Pennsylvania Real Estate Investment Trust by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,400 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 550 shares in the last quarter. Front Barnett Associates LLC acquired a new position in Pennsylvania Real Estate Investment Trust in the second quarter worth about $233,000. Finally, Bank of Montreal Can raised its position in Pennsylvania Real Estate Investment Trust by 1,232.6% in the second quarter. Bank of Montreal Can now owns 23,640 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 21,866 shares in the last quarter. Institutional investors own 98.97% of the company’s stock.

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Shares of Pennsylvania Real Estate Investment Trust (PEI) opened at $11.52 on Friday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.79. The firm has a market cap of $805.35, a P/E ratio of 6.66 and a beta of 1.29. Pennsylvania Real Estate Investment Trust has a fifty-two week low of $9.32 and a fifty-two week high of $20.21.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $89.20 million during the quarter, compared to analyst estimates of $98.85 million. Pennsylvania Real Estate Investment Trust had a negative net margin of 16.35% and a negative return on equity of 7.60%. Pennsylvania Real Estate Investment Trust’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. research analysts expect that Pennsylvania Real Estate Investment Trust will post 1.65 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend is Thursday, November 30th. Pennsylvania Real Estate Investment Trust’s dividend payout ratio is currently -67.74%.

PEI has been the subject of several recent analyst reports. ValuEngine raised shares of Pennsylvania Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $11.00 price objective on shares of Pennsylvania Real Estate Investment Trust in a report on Thursday, October 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Pennsylvania Real Estate Investment Trust in a report on Thursday, August 10th. BidaskClub raised 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 raised shares of Pennsylvania Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Pennsylvania Real Estate Investment Trust currently has a consensus rating of “Hold” and an average price target of $13.83.

Pennsylvania Real Estate Investment Trust Profile

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).

Institutional Ownership by Quarter for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

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