105 hedge funds sold their entire positions in Pennsylvania Real Estate Investment Trust (PEI)

Pennsylvania Real Estate Investment Trust (NYSE:PEI) went up to recover about -5.6% since recording its record low price of $8.57. The stock experienced -7.54% slump, arriving at $8.09 on 11/15/2018. During the day, the stock price traveled from $7.96 to $8.72. This company shares are 22.74% off its target price of $9.93 and the current market capitalization stands at $566.95M. The recent change has given its price a -12.98% deficit over SMA 50 and -35.38% deficit over its 52-week high. The stock witnessed -10.51% declines, -24.25% declines and -18.37% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PEI’s volatility during a week at 4.09% and during a month it has been found around 3.97%.

Pennsylvania Real Estate Investment Trust (PEI) Top Holders

Institutional investors currently hold around $553 million or 94% in PEI stock. Look at its top three institutional owners. Blackrock Inc. owns $98.03 million in Pennsylvania Real Estate Investment Trust, which represents roughly 17.29% of the company’s market cap and approximately 17.73% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 10,407,708 shares of the stock are valued at $91.07 million. The third largest holder is Aew Capital Management L P, which currently holds $30.49 million worth of this stock and that ownership represents nearly 5.38% of its market capitalization.

Pennsylvania Real Estate Investment Trust 13F Filings

At the end of September reporting period, 83 institutional holders increased their position in Pennsylvania Real Estate Investment Trust (NYSE:PEI) by some 4,073,115 shares, 105 decreased positions by 4,183,599 and 38 held positions by 54,905,524. That puts total institutional holdings at 63,162,238 shares, according to SEC filings. The stock grabbed 23 new institutional investments totaling 2,010,376 shares while 34 institutional investors sold out their entire positions totaling 1,658,835 shares.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Insider Trades

Multiple company employees have indulged in significant insider trading. Pennsylvania Real Estate Investment Trust disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP & CFO Mccadden Robert F has acquired 10,000 shares of Pennsylvania Real Estate Investment Trust (PEI) in trading session dated Jun. 19, 2017. These shares are worth $108,800 and were traded at $10.88 each. The SEC filing shows that Coradino Joseph F performed a purchase of 10,000 shares. The CEO added these shares by way of transaction on Jun. 13, 2017. The company’s shares were assimilated at $11.57 per share worth to an investment of some $115,700 on account of Coradino Joseph F.

Director, Alburger George J Jr, purchased 5,000 common shares of Pennsylvania Real Estate Investment Trust (PEI) in the open market. In a transaction dated Jun. 12, 2017, the shares were bought at an average price of $11.78, giving away a sum of $58,900. After this purchase, 5,000 common shares of PEI are directly owned by the insider, with total stake valued at $40,450.

In the transaction dated May. 30, 2017, the great number of shares acquired came courtesy the Director; Roberts John Joseph added a total of 10,000 shares at an average price of $10.76, amounting to approximately $107,600. The insider now directly owns 33,060 shares worth $267,455.

Pennsylvania Real Estate Investment Trust (PEI) Analyst Guide

Several analysts have released their opinion on Pennsylvania Real Estate Investment Trust (NYSE:PEI), with 0 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 0 buy, 2 sell and 0 strong sell ratings, collectively assigning a 3.29 average brokerage recommendation.