The trading price of Pennsylvania Real Estate Investment Trust (NYSE:PEI) closed higher on Tuesday, July 20, closing at $2.09, 8.29% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.93 and $2.20. In examining the 52-week price action we see that the stock hit a 52-week high of $3.47 and a 52-week low of $0.35. Over the past month, the stock has lost -18.04% in value.
Pennsylvania Real Estate Investment Trust, whose market valuation is $178.01 million at the time of this writing, is expected to release its quarterly earnings report Aug 09, 2021 – Aug 13, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0 for 2020 and $0 for 2021.
Analysts have forecast the company to bring in revenue of $68 million for the current quarter, with the likely lows of $68 million and highs of $68 million. The average estimate suggests sales will likely down by -16.40% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2020 is $261.82 million. The company’s revenue is forecast to drop by -22.30% over what it did in 2020.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Pennsylvania Real Estate Investment Trust No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest PEI has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PEI a recommendation rating is 1. Out of them, 1 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Pennsylvania Real Estate Investment Trust (PEI) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that PEI’s price is currently -10.36% off the SMA20 and -9.86% off the SMA50. The RSI metric on the 14-day chart is currently showing 41.31, and weekly volatility stands at 8.82%. When measured over the past 30 days, the indicator reaches 7.00%. Pennsylvania Real Estate Investment Trust (NYSE:PEI)’s beta value is currently sitting at 2.65, while the Average True Range indicator is currently displaying 0.18. With analysts defining $1.00-$1.00 as the low and high price targets, we arrive at a consensus price target of $1.00 for the trailing 12-month period. The current price is about 52.15% off the estimated low and 52.15% off the forecast high, based on this estimate. Investors will be thrilled if PEI’s share price rises to $1.00, which is the median consensus price. At that level, PEI’s share price would be 52.15% above current price.
To see how Pennsylvania Real Estate Investment Trust stock has been performing in comparison to its peers in the industry, here are the numbers: PEI stock’s performance was 8.29% in the latest trading, and 74.17% in the past year, while Regency Centers Corporation (REG) has traded 4.22% on the day and positioned 56.69% higher than it was a year ago. Another comparable company Universal Health Realty Income Trust (UHT) saw its stock close 3.31% higher in the most recent trading session but was down -7.26% in a year. Furthermore, ARMOUR Residential REIT Inc. (ARR) showed an increase of 2.05% on the day while its price kept inclining at 14.93% over the past year. Pennsylvania Real Estate Investment Trust has a P/E ratio of 0, compared to Regency Centers Corporation’s 73.06 and Universal Health Realty Income Trust’s 41.58. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of Pennsylvania Real Estate Investment Trust (NYSE:PEI) indicates that the 3-month average is 1.64 million. However, this figure has increased over the past 10 days to an average of 0.45 million.
Currently, records show that 77.65 million of the company’s shares remain outstanding. The insiders hold 1.60% of outstanding shares, whereas institutions hold 10.30%. The stats also highlight that short interest as of Jun 14, 2021, stood at 11.29 million shares, resulting in a short ratio of 3.47 at that time. From this, we can conclude that short interest is 14.24% of the company’s total outstanding shares. It is noteworthy that short shares in June were down slightly from the previous month’s figure, which was 11.36 million. However, since the stock’s price has seen 109.00% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.