Prudential Financial Inc. increased its holdings in shares of Pennsylvania R.E.I.T. (NYSE:PEI) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 856,249 shares of the real estate investment trust’s stock after acquiring an additional 3,985 shares during the quarter. Prudential Financial Inc. owned about 1.10% of Pennsylvania R.E.I.T. worth $5,566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Texas Permanent School Fund raised its stake in Pennsylvania R.E.I.T. by 4.7% during the first quarter. Texas Permanent School Fund now owns 43,928 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 1,967 shares during the period. Arrow Investment Advisors LLC raised its stake in Pennsylvania R.E.I.T. by 3.7% during the second quarter. Arrow Investment Advisors LLC now owns 64,675 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 2,327 shares during the period. State of Alaska Department of Revenue raised its stake in Pennsylvania R.E.I.T. by 6.6% during the second quarter. State of Alaska Department of Revenue now owns 47,342 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 2,946 shares during the period. Advisor Group Inc. raised its stake in Pennsylvania R.E.I.T. by 816.1% during the second quarter. Advisor Group Inc. now owns 4,993 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 4,448 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Pennsylvania R.E.I.T. by 41.7% during the first quarter. BNP Paribas Arbitrage SA now owns 16,163 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 4,755 shares during the period. Hedge funds and other institutional investors own 66.45% of the company’s stock.

A number of research firms have recently issued reports on PEI. ValuEngine raised shares of Pennsylvania R.E.I.T. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 4th. Zacks Investment Research raised shares of Pennsylvania R.E.I.T. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.81.

Shares of Pennsylvania R.E.I.T. stock traded down $0.16 on Friday, reaching $5.52. The company had a trading volume of 23,009 shares, compared to its average volume of 1,961,738. The firm’s 50 day moving average price is $5.34 and its two-hundred day moving average price is $6.10. The firm has a market cap of $437.38 million, a PE ratio of 3.66 and a beta of 1.19. Pennsylvania R.E.I.T. has a 52-week low of $4.34 and a 52-week high of $9.98. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.56 and a current ratio of 0.56.

Pennsylvania R.E.I.T. (NYSE:PEI) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.44). The company had revenue of $81.08 million during the quarter. Pennsylvania R.E.I.T. had a negative net margin of 28.45% and a negative return on equity of 18.31%. As a group, sell-side analysts predict that Pennsylvania R.E.I.T. will post 1.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 15.22%. The ex-dividend date of this dividend is Friday, August 30th. Pennsylvania R.E.I.T.’s dividend payout ratio (DPR) is 54.55%.

Pennsylvania R.E.I.T. 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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Institutional Ownership by Quarter for Pennsylvania R.E.I.T. (NYSE:PEI)

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