Digging Up the Facts on Pennsylvania Real Estate Investment Trust (PEI)


Laurion Capital Management LP purchased a new position in shares of Pennsylvania Real Estate Investment Trust during the first quarter worth about $339,000.

Stephens Inc /ar/ augmented its position by buying 4,896 shares an increase of 4.0%. Telemus Capital LLC now owns 402,595 shares of the real estate investment trust's stock worth $5,387,000 after buying an additional 119,109 shares during the period. Ltd. boosted its position in Monmouth Real Estate Investment Corporation by 15.8% in the first quarter. Principal Financial Group has an ownership of 906,651 stocks of the real estate investment trust's shares valued at $12,937,000 after scooping up an extra 115,109 shares through out the quarter. Pennsylvania Real Estate Investment Trust (PEI) average trading volume of 1,482,120 during the past month is 24.59% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times. 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). Following the completion of the acquisition, the insider now owns 66,002 shares of the company's stock, valued at $860,666.08. The company's 50 day moving average price is $13.13 and its 200-day moving average price is $13.33. Research firm Zacks lifted Monmouth Real Estate Investment Corporation from a "hold" recommendation to a "buy" recommendation and fixed a $16.00 price objective on the shares in a study report on early Wed, Apr 12th. The company's market capitalization is $756.82 million.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last announced its quarterly earnings data on Tuesday, August 8th. Equities research analysts predict that Investors Real Estate Trust will post ($0.01) EPS for the current year. Pennsylvania Real Estate Investment Trust had a negative net margin of 18.13% and a negative return on equity of 9.05%. The business had revenue of $54.34 million during the quarter, compared to analysts' expectations of $51.36 million. The stock has "Mkt Perform" rating by Raymond James on Wednesday, November 9. Monmouth Real Estate Investment Corporation had 10 analyst reports since August 10, 2015 according to SRatingsIntel. The company also recently declared a dividend for shareholders that will be paid on Friday September 15th, 2017. The ex-dividend date of this dividend was Wednesday, June 28th. The dividend yield will be $7.09. JPMorgan Chase & Co. started coverage on KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. As part of the presentation, the company's management team will discuss where growth is emerging in the Washington metro region and conduct a virtual real estate market tour to illustrate the dynamics driving real estate fundamentals in the region.

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Several research analysts recently issued reports on the stock. Credit Suisse Group reaffirmed a "hold" rating on shares of Ares Commercial Real Estate Corporation in a research note on Friday. Wunderlich maintained Investors Real Estate Trust (NYSE:IRET) rating on Friday, July 1.

Among 20 analysts covering Praxair (NYSE:PX), 6 have Buy rating, 3 Sell and 11 Hold. The firm has "Hold" rating by Deutsche Bank given on Monday, April 4. Allied Properties Real Estate Investment Trust operates as an unincorporated closed-end real estate investment trust in Canada and has a market cap of $2.70 Billion. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. The Company kept a record of 66.09 million floated shares and 73.18 million shares outstanding. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. The share price was last seen -2.47% lower, reaching at $11.84 on August 08, 2017. 75 shares were bought by Miller Kevin S., worth $995. Insiders own 4.40% of the company's stock.