Pennsylvania Real Estate Investment Trust (NYSE:PEI) has a beta value of 2.09 and has seen 1,082,902 shares traded in the recent trading session. The company, currently valued at $107.51 Million, closed the recent trade at $1.35 per share which meant it lost $0 on the day or -0.51% during that session. The PEI stock price is -394.82% off its 52-week high price of $6.68 and 40.74% above the 52-week low of $0.8. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.64 Million shares traded. The 3-month trading volume is 3.26 Million shares.
The consensus among analysts is that Pennsylvania Real Estate Investment Trust (PEI) is a Sell stock at the moment, with a recommendation rating of 4. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 4 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.23.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) trade information
Despite being -0.72% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the PEI stock price touched $1.435 or saw a rise of 7.32%. Year-to-date, Pennsylvania Real Estate Investment Trust shares have moved -75.05%, while the 5-day performance has seen it change -2.92%. Over the past 30 days, the shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) have changed 17.7%. Short interest in the company has seen 26.65 Million shares shorted with days to cover at 8.17.
Wall Street analysts have a consensus price target for the stock at $0.9, which means that the shares’ value could jump -33.33% from current levels. The projected low price target is $0.7 while the price target rests at a high of $1. In that case, then, we find that the current price level is -25.93% off the targeted high while a plunge would see the stock lose -48.15% from current levels.
Pennsylvania Real Estate Investment Trust (PEI) estimates and forecasts
Figures show that Pennsylvania Real Estate Investment Trust shares have underperformed across the wider relevant industry. The company’s shares have lost -73.7% over the past 6 months, with this year growth rate of -46.67%, compared to -12.7% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -35.3% and -227.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +3.6%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -3.4% over the past 5 years. Earnings growth for 2020 is a modest +73.7% while over the next 5 years, the company’s earnings are expected to increase by 1%.
Pennsylvania Real Estate Investment Trust is expected to release its next earnings report between July 28 and August 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.65 at a share yield of 46.76%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 12.07%.
Pennsylvania Real Estate Investment Trust (NYSE:PEI)’s Major holders
Insiders own 17.1% of the company shares, while shares held by institutions stand at 64.25% with a share float percentage of 77.51%. Investors are also buoyed by the number of investors in a company, with Pennsylvania Real Estate Investment Trust having a total of 216 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 10.58 Million shares worth more than $9.64 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 13.41% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 10.17 Million shares as of March 30, 2020. The firm’s total holdings are worth over $9.27 Million and represent 12.9% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund. As of March 30, 2020, the former fund manager holds about 4.79% shares in the company for having 3780259 shares of worth $3.45 Million while later fund manager owns 3.62 Million shares of worth $14.26 Million as of January 30, 2020, which makes it owner of about 4.59% of company’s outstanding stock.