Pennsylvania Real Estate Investment Trust (NYSE:PEI) : Zacks Investment Research ranks Pennsylvania Real Estate Investment Trust (NYSE:PEI) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2, which indicates as a Buy.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) : Currently there are 6 street experts covering Pennsylvania Real Estate Investment Trust (NYSE:PEI) stock. The most bullish and bearish price target for the stock is $30 and $22 respectively for the short term. The average price target of all the analysts comes to $25.75. The estimated standard deviation from the target is $2.89.
For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Stifel Nicolaus upgrades its rating on Pennsylvania Real Estate Investment Trust (NYSE:PEI).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on April 20, 2016.
Pennsylvania Real Estate Investment Trust (NYSE:PEI): stock turned positive on Tuesday. Though the stock opened at $20.61, the bulls momentum made the stock top out at $21.01 level for the day. The stock recorded a low of $20.53 and closed the trading day at $20.95, in the green by 2.70%. The total traded volume for the day was 870,058. The stock had closed at $20.4 in the previous days trading.
In an insider trading activity, The director officer (Chief Executive Officer), of Pennsylvania Real Estate Investment Trust, Coradino Joseph F had unloaded 33,000 shares at $22.29 per share in a transaction on June 9, 2016. The total value of transaction was $735,570. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Pennsylvania Real Estate Investment Trust (PREIT) is an integrated, self-managed and self-administered real estate investment trusts (REIT). The Company is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Company owns interests in approximately 42 retail properties, of which 38 are operating properties and four are development properties. The 38 operating properties include approximately 32 shopping malls and over six other retail properties, have a total of approximately 28.6 million square feet and are located in 11 states. Its property portfolio includes Cherry Hill Mall, New Jersey, Willow Grove Park, Pennsylvania, New River Valley Mall, Lycoming Mall, Palmer Park Mall, Uniontown Mall, Washington Crown Center and Beaver Valley Mall, among others. Its portfolio also includes other retail properties, including power centers, street level retail, office properties and properties under redevelopment.