On September 19, 2019, Pennsylvania Real Estate Investment Trust (NYSE:PEI) shares gained 4.41% or 0.23 points to close at $5.44 with a heavy trading volume of 2.318 million shares. It opened the trading session at $5.34, the shares rose to $5.67 and dropped to $5.34, the range by which the price of stock traded the whole day. The company now has a market cap of $444 million and currently has 81.57 million outstanding shares. Pennsylvania Real Estate Investment Trust (PEI) stock has accumulated 24.77 percent of market value in 21 trading days.
PEI stock’s trailing 3-year beta is 1.26, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was -$1.8 share in the trailing 52 weeks. The stock’s value fallen -8.42 percent year to date (YTD) compared to a decline of -43.98 percent in 52 week’s period. The firm’s shares are still trading -44.49 percent below its 1-year high of $9.80 and 25.35 percent up from 52-week low of $4.34. The average consensus ranking on the company is 3.4, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a hold.
Pennsylvania Real Estate Investment Trust (PEI) is most likely going to rise 1.1 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $6.5-month high price target. This represents a whopping 19.49 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $6, which means a return possibility of 10.29 percent in comparison with the closing price of the stock of $5.44 on September 19. The lowest price set for the stock is $4.5 — just above -17.28 percent from PEI share price now.
Past records have indicated that shares in Pennsylvania Real Estate Investment Trust rose on 18 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.
Let’s take a glimpse at some insider activity at Pennsylvania Real Estate Investment Trust (NYSE:PEI) and observe the pattern. The earliest insider trade happened on 09/18/2019. Ioannou Andrew M. gathered a total of 2 thousand shares of the firm at average share price of $5.25. The total amount for the purchase was set at $10.5 thousand. On completing this exchange, the EVP – Finance & Acquisitions account balance was 94.31 thousand shares. The stock grew 3.62 percent from that insider purchase. On 09/18/2019, ALBURGER GEORGE J JR, Director, did a purchase of 10 thousand shares at a price of $5.29 per share. This increased 52.9 thousand shares to the insider’s fortune and the stock experienced a 2.84 percent rally in price since the news became public. This exchange saw 50.41 thousand shares get into the Director account.
On 09/18/2019, EVP – Operations Ventresca Mario C. Jr. recorded a purchase transaction valued at $52.4 thousand. The purchase at $5.24 a share has added 10 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed 3.82 percent increase since the transaction reporting date. The company insider is left with 118.09 thousand shares remaining in the account. PIZZI CHARLES P, who works as Director at the company, performed a purchase of 10 thousand shares in a transaction worth $53.4 thousand. The acquisition recorded on 09/18/2019 was priced at $5.34 per share. The stock price soared 1.87 percent since the transaction. PIZZI CHARLES P currently holds a stake of 58.46 thousand in PEI stock which is worth $318.02 thousand after the insider buying.
The stock is lingering around the initial support level of $5.3. After this, the following support is at the zone of $5.15. Up until the time the PEI stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 51.94 on the daily chart, and this may be a cause for concern. In case the price goes below $5.15 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $5.63 level may cause a pull-back move approaching $5.81 mark.
Pennsylvania Real Estate Investment Trust (PEI) shares are trading at a P/E ratio of 0 times earnings posted in the trailing 12 months. The industry PEI deals with has an average P/E of 18.1. Its P/B ratio is standing at 0.9X compared to the 2.8 industry average. It is additionally sporting a 1.1 on the Price-to-Sales ratio, compared to the industry’s P/S average of 7.1. Pennsylvania Real Estate Investment Trust has a 60.3% gross profit margin, with its operating margin around -20.6%. Alongside this, the company’s net profit margin currently stands at -36.3%.