Pennsylvania Real Estate Investment Trust (NYSE:PEI) Short Interest Increased By 2.61%

August 9, 2018 - By Mary Kidd

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Logo

Investors sentiment increased to 1.26 in Q1 2018. Its up 0.23, from 1.03 in 2017Q4. It improved, as 14 investors sold Pennsylvania Real Estate Investment Trust shares while 54 reduced holdings. 31 funds opened positions while 55 raised stakes. 67.00 million shares or 2.32% more from 65.48 million shares in 2017Q4 were reported.
Strs Ohio invested in 0.01% or 119,288 shares. Dimensional Fund Advsr L P reported 1.10M shares. Sg Americas Securities Ltd has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Whittier Tru Co stated it has 70 shares or 0% of all its holdings. Merriman Wealth Management Ltd Company holds 0.12% or 45,700 shares. Victory Management Inc has 0.04% invested in Pennsylvania Real Estate Investment Trust (NYSE:PEI) for 1.78M shares. Presima invested 2.62% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Huntington Commercial Bank, a Ohio-based fund reported 848 shares. 14,198 were accumulated by Pnc Fincl Inc. Gemmer Asset Mgmt Limited Liability Com owns 277 shares. Veritable Lp reported 176,378 shares or 0.04% of all its holdings. Balyasny Asset Management Ltd Limited Liability Company reported 848,344 shares. New York-based New York State Common Retirement Fund has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Independent Order Of Foresters has invested 0.24% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Texas Permanent School Fund has invested 0.01% in Pennsylvania Real Estate Investment Trust (NYSE:PEI).

The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) registered an increase of 2.61% in short interest. PEI’s total short interest was 19.17 million shares in August as published by FINRA. Its up 2.61% from 18.68 million shares, reported previously. With 1.24M shares average volume, it will take short sellers 15 days to cover their PEI’s short positions. The short interest to Pennsylvania Real Estate Investment Trust’s float is 28.26%.

The stock increased 2.04% or $0.205 during the last trading session, reaching $10.265. About 297,580 shares traded. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 10.64% since August 9, 2017 and is downtrending. It has underperformed by 23.21% the S&P500.

Pennsylvania Real Estate Investment Trust is a publicly owned equity real estate investment trust. The company has market cap of $808.11 million. The firm manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern United States. It currently has negative earnings. It also provides management, leasing, and development services to affiliate and third party property owners.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Ratings Coverage

Among 5 analysts covering Pennsylvania Real Estate ate Investment (NYSE:PEI), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Pennsylvania Real Estate ate Investment had 8 analyst reports since February 15, 2018 according to SRatingsIntel. Citigroup maintained Pennsylvania Real Estate Investment Trust (NYSE:PEI) rating on Wednesday, February 21. Citigroup has “Neutral” rating and $11 target. The company was maintained on Friday, February 16 by Boenning & Scattergood. The rating was maintained by Barclays Capital with “Underweight” on Tuesday, March 13. The rating was maintained by Citigroup with “Neutral” on Tuesday, June 19. As per Thursday, February 15, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating given on Wednesday, May 2 by Stifel Nicolaus. The firm earned “Hold” rating on Tuesday, April 3 by SunTrust. The firm earned “Hold” rating on Thursday, May 3 by Boenning & Scattergood.

More recent Pennsylvania Real Estate Investment Trust (NYSE:PEI) news were published by: Seekingalpha.com which released: “Pennsylvania Real Estate Investment Trust’s (PEI) CEO Joseph Coradino on Q2 2018 Results – Earnings Call Transcript” on August 03, 2018. Also Bizjournals.com published the news titled: “Three movie theaters to open in Willow Grove area” on August 07, 2018. Seekingalpha.com‘s news article titled: “Goldman pulls bearish outlook for retail REITs” with publication date: July 17, 2018 was also an interesting one.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Institutional Positions Chart

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