Pennsylvania Real Estate Invest (NYSE:PEI) Experiences Heavy Trading Volume

Kevan Gorrie President & CEO Pure Industrial Real Estate Trust, joined Ungad Chadda President Capital Formation Equity Capital Markets TMX Group to open the market to celebrate 10 years listed on TSX Venture Exchange and Toronto Stock Exch

Several other hedge funds have also bought and sold shares of the company. Ltd. raised its stake in shares of Washington Real Estate Investment Trust by 1.0% in the first quarter. Over the past 2 quarters, Monmouth Real Estate Investment Corporation (NYSE:MNR) is up 3.84%, compared with a gain of almost 7.38% for 3 months and about -0.92% for the past 30 days.

As of the last earnings report the EPS was $-0.47 and is estimated to be $-0.04 for the current year with 69,208,000 shares presently outstanding. Tiaa Cref Investment Management LLC grew its position by buying 71,164 shares an increase of 36.5% in the quarter. Citadel Advisors Ltd Liability has invested 0% in Investors Real Estate Trust (NYSE:IRET). Chicago Partners Investment Group LLC acquired a new position in Washington Real Estate Investment Trust during the second quarter worth approximately $163,000. Americafirst Cap Mgmt Ltd Limited Liability Company owns 727 shares for 0% of their portfolio.

Monmouth Real Estate Investment Corporation is a real estate investment trust.

Shares are trading at $11.25 which is marginally under $11.63, the stock's 50 day moving average and which is quite a bit below the 200 day moving average of $13.67.

In a research report revealed on 10 August, Pennsylvania Real Estate ate Investment (NYSE:PEI) shares had their "Hold" Rating restate by equity research analysts at Boenning & Scattergood. After $0.11 actual earnings per share reported by Investors Real Estate Trust for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth. Monmouth Real Estate Investment Corporation had a return on equity of 8.05% and a net margin of 32.02%. The company had revenue of $89.25 million during the quarter, compared to analysts' expectations of $95.60 million. Sandler Capital Mgmt holds 0.64% or 140,320 shares in its portfolio. The business's revenue was up 12.0% on a year-over-year basis. Additionally Pennsylvania Real Estate Invest announced a dividend that will be paid on Friday the 15th of September 2017. Its down 0.09, from 1.16 in 2016Q3. Shareholders of record on Tuesday, August 15th will be issued a $0.16 dividend. Financial Counselors purchased a fresh position in Monmouth Real Estate Investment Corporation during the Q1 valued $171,000.

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MNR has been the discussion subject of many recent brokerage firm research. It has been assigned a low target price of $11 and a high target price of $20. The rating was downgraded by Wunderlich on Friday, December 18 to "Hold". Finally, Royal Bank Of Canada reissued a "buy" rating and issued a $19.00 price objective on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, July 20th. Finally, Stifel Nicolaus initiated coverage on Pennsylvania Real Estate Investment Trust in a research note on Friday, July 14th.

Among 5 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 1 have Buy rating, 0 Sell and 4 Hold. The stock now has a consensus rating of "Buy" and an average price target of $16.00.

In other Pennsylvania Real Estate Investment Trust news, CFO Robert F. Mccadden bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, June 19th. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Institutional investors own 96.03% of the company's stock. The disclosure for this purchase can be found here.

01/20/2014 - Monmouth Real Estate Investment Corporation was downgraded to "sell" by analysts at Thomson Reuters/Verus.

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