Next Weeks Broker Price Targets For Investors Real Estate Trust (NYSE:IRET)

Xavier Trudeau
Juin 20, 2017

Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time.

Several research firms recently commented on PEI. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

August 10 investment analysts at Wunderlich kept the stock rating at "Buy" and moved down the price target to $11.50 from $12.00. TD Securities maintained Interrent Real Estate Investment Trust (TSE:IIP.UN) on Thursday, March 16 with "Hold" rating. Stifel Nicolaus raised their price target on Washington Real Estate Investment Trust from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Wednesday, February 22nd. Finally, Barclays PLC reaffirmed an "underweight" rating and issued a $14.00 price objective (down previously from $15.00) on shares of Pennsylvania Real Estate Investment Trust in a research report on Wednesday, April 19th. Wheeler Real Estate Investment Trust's payout ratio is now -90.32%. The company's 50-day moving average price is $10.19 and its 200-day moving average price is $5.39. BNP Paribas Arbitrage SA now owns 38,779 shares of the real estate investment trust's stock worth $587,000 after buying an additional 1,779 shares during the last quarter. On Monday, January 16 the stock rating was maintained by RBC Capital Markets with "Sector Perform".

Pennsylvania Real Estate Investment Trust (NYSE:PEI) last announced its quarterly earnings data on Tuesday, April 25th. Louisiana State Employees Retirement System boosted its position in shares of Pennsylvania Real Estate Investment Trust by 1.1% in the first quarter. Pennsylvania Real Estate Investment Trust had a negative return on equity of 1.78% and a negative net margin of 3.49%. The firm had revenue of $77.50 million during the quarter, compared to analysts' expectations of $77.54 million. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company's revenue was down 12.5% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. The dividend payment was $0.160 per share for the quarter or $0.64 annualized. The ex-dividend date was set for Thursday the 11th of May 2017. Pennsylvania Real Estate Investment Trust's payout ratio is now -182.61%.

The stock decreased 0.24% or $0.02 on June 16, reaching $8.16. The stock was purchased at an average price of $11.57 per share, with a total value of $115,700.00. In addition, the Company owns a portfolio of REIT investment securities. 53,806 shares of the company's stock were exchanged. Corporate insiders own 4.51% of the company's stock.

A number of institutional investors have recently added to or reduced their stakes in PEI. Russell Investments Group Ltd. purchased a new stake in Washington Real Estate Investment Trust during the fourth quarter worth $5,983,000. Deroy & Devereaux Private Investment Counsel Inc. now owns 101,150 shares of the real estate investment trust's stock worth $3,148,000 after buying an additional 1,000 shares during the period. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. APG Asset Management US Inc. boosted its stake in Pennsylvania Real Estate Investment Trust by 6.9% in the first quarter. 353702 shares were traded on Investors Real Estate Trust's last session. Credit Agricole S A boosted its position in shares of Pennsylvania Real Estate Investment Trust by 6.6% in the fourth quarter.

At the time of writing, the 14-day ADX for Monmouth Real Estate Investment Corp (MNR) is 18.09. Finally, Morgan Stanley boosted its stake in Pennsylvania Real Estate Investment Trust by 667.8% in the first quarter. Comerica Bank's holdings in Pennsylvania Real Estate Investment Trust were worth $1,092,000 at the end of the most recent quarter.

Tortoise Investment Management LLC held its stake in Washington Real Estate Investment Trust (NYSE:WRE) during the first quarter, according to its most recent disclosure with the SEC.

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