Pennsylvania Real Estate Investment Trust (NYSE:PEI) Sentiment Increased in 2016 Q4

Lloyd Doyle
September 10, 2017

26 funds opened positions while 42 raised stakes. Moreover, Landscape Capital Management L.L.C. has 1.02% invested in the company for 393,700 shares. Bessemer Group Inc. now owns 3,708 shares of the real estate investment trust's stock valued at $1,563,000 after purchasing an additional 300 shares during the last quarter. Ativo Cap Mngmt Ltd reported 0.25% in Kforce Inc. Moreover, Orinda Asset Mgmt Ltd Limited Liability Company has 4.76% invested in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). Grp Inc Inc holds 0.07% or 153,123 shares in its portfolio. The dividend payment will be $0.210 per share for the quarter or $0.84 on an annualized basis. It dropped, as 29 investors sold ARE shares while 93 reduced holdings. State Of New Jersey Common Pension Fund D accumulated 250,000 shares.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) traded down 0.62% during midday trading on Friday, reaching $16.09. Pennsylvania Real Estate Investment Trust (PEI) now trades with a market capitalization of $722.74 Million.

Among 5 analysts covering Alexandria Real Estate Equities Inc. Kbc Gru Nv holds 74,228 shares. 5,000 shares were bought by Zwerdling Jeffrey M., worth $49,760 on Thursday, May 18. There were 30 sold out positions, amounting to 5.16 million shares. The stock realized a rise in short interest of 11.01% as of the latest report on August 15, 2017. WHLR's total short interest was 404,900 shares in September as published by FINRA. Invesco Ltd reported 260,799 shares stake. Short interest grew from 6,579,510 to 6,668,690 over that timeframe.

About 10,077 shares traded.


05/11/2015 - Pennsylvania Real Estate Investment Trust had its "neutral" rating reiterated by analysts at Citigroup. It has underperformed by 36.03% the S&P500. As of December 31, 2016, the Company's 26 operating properties included 22 shopping malls and four other retail properties, had a total of 21.7 million square feet and were located in nine states. The Firm focuses on acquiring and managing retail properties with a primary focus on grocery-anchored centers. It now has negative earnings. The stock has been active on the tape, now trading at $10.35, up from yesterday's close by 2.78%.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI). Therefore 25% are positive. Also, the number of institutional investors holding Pennsylvania Real Estate Investment Trust in their top 10 equity positions was flat from 0 to 0 for the same number.

On August 15 Barclays kept the company rating at "Underweight" and lowered the price expectation to $11.00 from $19.00. Scotiabank lifted their price target on Artis Real Estate Investment Trust from C$13.50 to C$14.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 10th. The firm has "Buy" rating given on Tuesday, September 1 by Wunderlich. MARCUS JOEL S had sold 9,500 shares worth $1.05M on Friday, March 17. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Teachers And Annuity Association Of America reported 0.03% in Investors Real Estate Trust (NYSE:IRET). BNP Paribas Arbitrage SA raised its holdings in shares of Alexander's by 28.7% during the second quarter. The ex-dividend date is Wednesday the 30th of August 2017.

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