Pennsylvania Real Estate Investment Trust (NYSE:PEI) has a beta value of 2.66 and has seen 1,830,512 shares traded in the last trading session. The company, currently valued at $160.9 Million, closed the last trade at $2.03 per share which meant it gained $0.13 on the day or 6.84% during that session. The PEI stock price is -44.34% off its 52-week high price of $2.93 and 82.27% above the 52-week low of $0.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 726.52 Million shares traded. The 3-month trading volume is 2.95 Million shares.
The consensus among analysts is that Pennsylvania Real Estate Investment Trust (PEI) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 1 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.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) trade information
Sporting 6.84% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the PEI stock price touched $2.11-3 or saw a rise of 3.72%. Year-to-date, Pennsylvania Real Estate Investment Trust shares have moved 103%, while the 5-day performance has seen it change 9.73%. Over the past 30 days, the shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) have changed -0.98%. Short interest in the company has seen 10.47 Million shares shorted with days to cover at 3.55.
Wall Street analysts have a consensus price target for the stock at $1, which means that the shares’ value could jump -50.74% from current levels. The projected low price target is $1 while the price target rests at a high of $1. In that case, then, we find that the current price level is -50.74% off the targeted high while a plunge would see the stock lose -50.74% from current levels.
Pennsylvania Real Estate Investment Trust (PEI) estimates and forecasts
1 analysts offering their estimates for the company have set an average revenue estimate of $68Million for the current quarter. 1 have an estimated revenue figure of $66.62 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $81.37 Million for this quarter, and analysts expect sales will grow by -16.4% for the current quarter.
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 -14% over the past 5 years. Earnings growth for 2021 is a modest -615% while over the next 5 years, the company’s earnings are expected to increase by 1%.
Pennsylvania Real Estate Investment Trust (NYSE:PEI)’s Major holders
Insiders own 24.48% of the company shares, while shares held by institutions stand at 12.15% with a share float percentage of 16.09%. Investors are also buoyed by the number of investors in a company, with Pennsylvania Real Estate Investment Trust having a total of 88 institutions that hold shares in the company. The top two institutional holders are Charles Schwab Investment Management Inc. with over 1.91 Million shares worth more than $1.91 Million. As of December 30, 2020, Charles Schwab Investment Management Inc. held 2.41% of shares outstanding.
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The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 1.41 Million shares as of December 30, 2020. The firm’s total holdings are worth over $1.41 Million and represent 1.78% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF. As of December 30, 2020, the former fund manager holds about 1.66% shares in the company for having 1317820 shares of worth $1.32 Million while later fund manager owns 1.2 Million shares of worth $2.39 Million as of February 27, 2021, which makes it owner of about 1.51% of company’s outstanding stock.