The market experts are predicting a 43.58% rally, based on the high target price ($17) for Pennsylvania Real Estate Investment Trust shares that is likely to be hit in the 52 weeks.
Washington Real Estate Investment Trust is a self-administered equity real estate investment trust. Hedge funds and other institutional investors own 66.87% of the company's stock. The value of the investment in PEI went from $1,863,000 to $1,448,000 a change of 22.3% quarter over quarter. Dimensional Fund Advisors LP now owns 1,766,295 shares of the real estate investment trust's stock worth $10,474,000 after buying an additional 72,973 shares during the period. Its position was valued at $4,465,000 a decrease of $1,499,000 as of the end of the quarter.
05/18/2017 - Monmouth Real Estate Investment Corporation was upgraded to "buy" by analysts at D.A. Davidson. Bard Associates Inc owns 138,525 shares or 0.88% of their U.S. portfolio. Extending back, their 50-Day Simple Moving Average is -16.98%, looking even further back, their 200-Day Simple Moving Average stands at -29.47%.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) shares ended at $11.84 with 1.24 mln shares exchanging hands.
05/01/2015 - Monmouth Real Estate Investment Corporation had its "hold" rating reiterated by analysts at Zacks. The firm had revenue of $89.25 million for the quarter, compared to the consensus estimate of $95.60 million. Deutsche Financial Bank Ag holds 199,472 shares or 0% of its portfolio. Monmouth Real Estate Investment Corporation's revenue was up 18.7% on a year-over-year basis. Next quarter's EPS is expected be $0.09 with next year's EPS projected to be $0.05. The company declared a dividend for shareholders to be paid on Friday the 15th of September 2017. Its up 0.36, from 1.11 in 2016Q3. The ex-dividend date is set for Tuesday the 30th of May 2017. This represents a $0.84 annualized dividend and a dividend yield of 7.47%.
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A number of equities research analysts recently weighed in on the company. The shares price has directed -52.57% toward a lower level throughout a year ago and swapped 5.40% toward a strong spot during past one month.
08/05/2016 - Monmouth Real Estate Investment Corporation had its "buy" rating reiterated by analysts at Wunderlich. Finally, Stifel Nicolaus assumed coverage on shares of Pennsylvania Real Estate Investment Trust in a research note on Friday, July 14th. They now have a United States dollars 6.5 price target on the stock. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 3.00, which implies that analysts are generally neutral in their outlook for PEI over the next year. The stock's average target of $21.50 is 0.00% above today's ($0) share price. Given that liquidity is king in short-term, PETX is a stock with 42.13 million shares outstanding that normally trades 8.68% of its float. The stock was purchased at an average cost of $13.04 per share, for a total transaction of $130,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. The stock was acquired at an average cost of $11.78 per share, with a total value of $58,900.00. The Company owns a diversified portfolio of office buildings, multifamily buildings and retail centers. The disclosure for this purchase can be found here.
09/12/2014 - Investors Real Estate Trust was downgraded to "underperform" by analysts at RBC Capital. The Company's business consists of the ownership and operation of real property in the greater Washington metro region.