Pennsylvania Real Estate Invest found using ticker (PEI) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The range between the high target price and low target price is between 1 and 0.7 with a mean TP of 0.9. Given that the stocks previous close was at 1.39 this would indicate that there is a downside of -35.3%. There is a 50 day moving average of 1.36 and the 200 moving average now moves to 2.49. The company has a market cap of $108m. Company Website: http://www.preit.com
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. with concentrations in the mid-Atlantic’s top MSAs. Since 2012, the Company has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures.