118 institutions hold shares in Pennsylvania Real Estate Investment Trust (PEI), with 14.05M shares held by insiders accounting for 17.67% while institutional investors hold 30.18% of the company’s shares. The shares outstanding are 77.40M, and float is at 65.96M with Short Float at 15.89%. Institutions hold 24.85% of the Float.
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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 5.83 million shares valued at $3.23 million. The investor’s holdings represent 7.32% of the PEI Shares outstanding. As of Sep 29, 2020, the second largest holder is Millennium Management LLC with 1.46 million shares valued at $0.81 million to account for 1.84% of the shares outstanding. The other top investors are Charles Schwab Investment Management, Inc. which holds 1.34 million shares representing 1.68% and valued at over $0.74 million, while Susquehanna International Group, LLP holds 1.47% of the shares totaling 1.17 million with a market value of $0.65 million.
Pennsylvania Real Estate Investment Trust (NYSE: PEI) is 119.00% higher on its value in year-to-date trading and has touched a low of $0.35 and a high of $3.87 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PEI stock was last observed hovering at around $2.17 in the last trading session, with the day’s gains setting it 0.02% off its average median price target of $1.00 for the next 12 months. It is also -119.0% off the consensus price target high of $1.00 offered by 1 analysts, but current levels are -119.0% lower than the price target low of $1.00 for the same period.
Currently trading at $2.19, the stock is -6.33% and 36.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 0.92% at the moment leaves the stock 90.48% off its SMA200. PEI registered -39.17% loss for a year compared to 6-month gain of 97.30%. The firm has a 50-day simple moving average (SMA 50) of $1.9273 and a 200-day simple moving average (SMA200) of $1.0873.
The stock witnessed a 20.99% loss in the last 1 month and extending the period to 3 months gives it a 360.08%, and is -3.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.06% over the week and 13.17% over the month.
Pennsylvania Real Estate Investment Trust (PEI) has around 233 employees, a market worth around $172.59M and $283.90M in sales. Profit margin for the company is -37.70%. Distance from 52-week low is 516.90% and -43.41% from its 52-week high. The company has generated returns on investments over the last 12 months (1.70%).
Pennsylvania Real Estate Investment Trust (PEI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Pennsylvania Real Estate Investment Trust (PEI) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Pennsylvania Real Estate Investment Trust is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $68M over the same period.The EPS is expected to grow by 73.70% this year, but quarterly earnings will post -11.80% year-over-year. Quarterly sales are estimated to shrink -16.40% in year-over-year returns.
Pennsylvania Real Estate Investment Trust (PEI) Insider Activity
A total of 6 insider transactions have happened at Pennsylvania Real Estate Investment Trust (PEI) in the last six months, with sales accounting for 6 and purchases happening 0 times.
Pennsylvania Real Estate Investment Trust (PEI): Who are the competitors?
The company’s main competitors (and peers) include Regency Centers Corporation (REG) that is trading -17.58% down over the past 12 months. ARMOUR Residential REIT Inc. (ARR) is -43.68% down on the 1-year trading charts. Short interest in the company’s stock has fallen -4.48% from the last report on Dec 30, 2020 to stand at a total of 10.95 million short shares sold with a short interest ratio of 2.46.