Pennsylvania Real Estate Investment Trust [NYSE: PEI] loss -9.97% or -0.31 points to close at $2.80 with a heavy trading volume of 1850513 shares. The company report on June 4, 2021 that PREIT to Present at REITWeek® 2021: NAREIT’s Investor Forum.
PREIT (NYSE: PEI) announced that Chairman of the Board and Chief Executive Officer Joseph F. Coradino will present at NAREIT’s REITWeek® 2021 virtual Investor Forum.
PREIT will present from 11:15 am to 11:45 am EDT on Thursday June 10, 2021. Registration to NAREIT’s REITWeek is complimentary and required to access the presentation live or on demand. Investors may register here: https://reit.cventevents.com/event/9ac7b1ee-9a29-4267-90e9-9084f918d0f0/summary.
It opened the trading session at $3.05, the shares rose to $3.08 and dropped to $2.80, the range by which the price of stock traded the whole day. The daily chart for PEI points out that the company has recorded 182.83% gains over the past six months. However, it is still -700.0% lower than its most recent low trading price.
If we look at the average trading volume of 1.78M shares, PEI reached to a volume of 1850513 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Pennsylvania Real Estate Investment Trust [PEI]:
SunTrust have made an estimate for Pennsylvania Real Estate Investment Trust shares, keeping their opinion on the stock as Sell, with their previous recommendation back on January 16, 2020. While these analysts kept the previous recommendation, Citigroup dropped their target price from $6 to $4.50. The new note on the price target was released on September 23, 2019, representing the official price target for Pennsylvania Real Estate Investment Trust stock.
The Average True Range (ATR) for Pennsylvania Real Estate Investment Trust is set at 0.29, with the Price to Sales ratio for PEI stock in the period of the last 12 months amounting to 0.84. The Price to Book ratio for the last quarter was 2.37, with the Price to Cash per share for the same quarter was set at 0.59. Price to Free Cash Flow for PEI in the course of the last twelve months was 58.87.
Trading performance analysis for PEI stock
Pennsylvania Real Estate Investment Trust [PEI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.79. With this latest performance, PEI shares gained by 66.67% in over the last four-week period, additionally plugging by 182.83% over the last 6 months – not to mention a rise of 85.43% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PEI stock in for the last two-week period is set at 59.38, with the RSI for the last a single of trading hit 56.26, and the three-weeks RSI is set at 59.90 for Pennsylvania Real Estate Investment Trust [PEI]. The present Moving Average for the last 50 days of trading for this stock 2.09, while it was recorded at 3.04 for the last single week of trading, and 1.47 for the last 200 days.
Pennsylvania Real Estate Investment Trust [PEI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Pennsylvania Real Estate Investment Trust [PEI] shares currently have an operating margin of -25.34 and a Gross Margin at +3.34. Pennsylvania Real Estate Investment Trust’s Net Margin is presently recorded at -49.75.
Return on Total Capital for PEI is now -3.21, given the latest momentum, and Return on Invested Capital for the company is -6.76. Return on Equity for this stock declined to -46.99, with Return on Assets sitting at -5.76. When it comes to the capital structure of this company, Pennsylvania Real Estate Investment Trust [PEI] has a Total Debt to Total Equity ratio set at 1,408.28. Additionally, PEI Total Debt to Total Capital is recorded at 93.37, with Total Debt to Total Assets ending up at 84.87. Long-Term Debt to Equity for the company is recorded at 1,231.39, with the Long-Term Debt to Total Capital now at 81.55.
Reflecting on the efficiency of the workforce at the company, Pennsylvania Real Estate Investment Trust [PEI] managed to generate an average of -$744,914 per employee. Receivables Turnover for the company is 5.47 with a Total Asset Turnover recorded at a value of 0.12.
Pennsylvania Real Estate Investment Trust [PEI]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Pennsylvania Real Estate Investment Trust posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 540.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PEI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pennsylvania Real Estate Investment Trust go to 1.00%.
An analysis of insider ownership at Pennsylvania Real Estate Investment Trust [PEI]
There are presently around $23 million, or 10.30% of PEI stock, in the hands of institutional investors. The top three institutional holders of PEI stocks are: VANGUARD GROUP INC with ownership of 2,499,907, which is approximately 77.027% of the company’s market cap and around 2.00% of the total institutional ownership; LIDO ADVISORS, LLC, holding 904,400 shares of the stock with an approximate value of $2.53 million in PEI stocks shares; and INVESCO LTD., currently with $2.16 million in PEI stock with ownership of nearly 130.415% of the company’s market capitalization.
Positions in Pennsylvania Real Estate Investment Trust stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 29 institutional holders increased their position in Pennsylvania Real Estate Investment Trust [NYSE:PEI] by around 3,218,471 shares. Additionally, 32 investors decreased positions by around 4,279,754 shares, while 19 investors held positions by with 879,887 shares. The mentioned changes placed institutional holdings at 8,378,112 shares, according to the latest SEC report filing. PEI stock had 16 new institutional investments in for a total of 873,626 shares, while 13 institutional investors sold positions of 3,134,474 shares during the same period.