Brokerage Firm Rating Update on Pennsylvania Real Estate Investment Trust (PEI)

Pennsylvania Real Estate Investment Trust (PEI) : 5 analysts are covering Pennsylvania Real Estate Investment Trust (PEI) and their average rating on the stock is 1.8, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock.

Pennsylvania Real Estate Investment Trust (PEI) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $30 and the lowest price target forecast is $22. The average forecast of all the analysts is $26.8 and the expected standard deviation is $2.95.


For the current week, the company shares have a recommendation consensus of Buy.

Pennsylvania Real Estate Investment Trust (NYSE:PEI): The stock opened at $24.99 and touched an intraday high of $25.335 on Wednesday. During the day, the stock corrected to an intraday low of $24.91, however, the bulls stepped in and pushed the price higher to close in the green at $25.33 with a gain of 1.40% for the day. The total traded volume for the day was 367,696. The stock had closed at $24.98 in the previous trading session.

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.

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