S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
Log in

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Expected to Announce Earnings of $0.16 Per Share

Tuesday, February 23, 2021 | MarketBeat

Brokerages predict that Pennsylvania Real Estate Investment Trust (NYSE:PEI) will report earnings of $0.16 per share for the current quarter, according to Zacks. Zero analysts have made estimates for Pennsylvania Real Estate Investment Trust's earnings. Pennsylvania Real Estate Investment Trust posted earnings of $0.34 per share during the same quarter last year, which would suggest a negative year over year growth rate of 52.9%. The firm is expected to announce its next earnings results on Tuesday, February 23rd.

According to Zacks, analysts expect that Pennsylvania Real Estate Investment Trust will report full-year earnings of $0.37 per share for the current fiscal year. For the next fiscal year, analysts expect that the business will report earnings of $0.48 per share. Zacks Investment Research's EPS averages are a mean average based on a survey of research analysts that that provide coverage for Pennsylvania Real Estate Investment Trust.

Separately, Zacks Investment Research downgraded shares of Pennsylvania Real Estate Investment Trust from a "hold" rating to a "sell" rating in a report on Friday, February 5th.

Shares of NYSE:PEI opened at $2.20 on Tuesday. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $174.98 million, a PE ratio of -1.58 and a beta of 3.00. The company has a fifty day moving average of $1.94 and a 200-day moving average of $1.10. Pennsylvania Real Estate Investment Trust has a 52-week low of $0.35 and a 52-week high of $3.84.

Several large investors have recently bought and sold shares of PEI. Bank of America Corp DE raised its stake in Pennsylvania Real Estate Investment Trust by 51.8% in the second quarter. Bank of America Corp DE now owns 122,103 shares of the real estate investment trust's stock valued at $166,000 after buying an additional 41,664 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Pennsylvania Real Estate Investment Trust by 37.0% during the third quarter. Alps Advisors Inc. now owns 647,905 shares of the real estate investment trust's stock worth $359,000 after purchasing an additional 174,818 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Pennsylvania Real Estate Investment Trust in the third quarter valued at approximately $83,000. ExodusPoint Capital Management LP boosted its holdings in Pennsylvania Real Estate Investment Trust by 133.3% during the third quarter. ExodusPoint Capital Management LP now owns 229,900 shares of the real estate investment trust's stock worth $127,000 after buying an additional 131,341 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Pennsylvania Real Estate Investment Trust by 103.4% in the 3rd quarter. Jane Street Group LLC now owns 763,964 shares of the real estate investment trust's stock worth $423,000 after buying an additional 388,327 shares in the last quarter. 27.91% of the stock is owned by hedge funds and other institutional investors.

About Pennsylvania Real Estate Investment Trust

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely-populated eastern U.S.

Read More: Consumer Price Index (CPI)

Get a free copy of the Zacks research report on Pennsylvania Real Estate Investment Trust (PEI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


10 Great Cheap Stocks to Buy Now for Under $10

As the P/E ratios of most S&P 500 companies look very expensive and the stock market continues to hit new all-time highs regularly, it's challenging for investors to find cheap stocks to buy now.

This goes for both share price since most stocks are trading higher on a per-share basis and valuation relative to earnings. Right now, the typical S&P 500 company is trading at about 25 times forward-looking earnings. Historically, S&P 500 companies have traded at about 15 times earnings in more normal markets.

While the S&P 500 as a whole is expensive, there are still a handful of undervalued stocks trading at less than $10.00 per share. Value investing opportunities for value exist if you know where to look. Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved, or undiscovered parts of the market. These low-priced stocks might not look especially attractive today, but long-term investors stand to profit if they are willing to be patient and hold onto shares of these companies through multiple market cycles.

Some of these companies are great investing ideas because they're too small and too risky to attract most mutual funds and Wall Street money managers. Others have been beaten up by the market after a period of slowing earnings and profits but are now trying to turn around and bounce back.

You might find marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some bitcoin stocks in this list. While these low-priced stocks have many differences, these 10 stock picks all share a common characteristic, a super-low share price of $10.00 or less.

View the "10 Great Cheap Stocks to Buy Now for Under $10".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.