Stifel Nicolaus analyst Simon Yarmak maintained a Hold rating on Pennsylvania Real Estate Investment (PEI – Research Report) on July 4 and set a price target of $15.00. The company’s shares closed last Wednesday at $3.49, close to its 52-week low of $3.24.
According to TipRanks.com, Yarmak is a 5-star analyst with an average return of 11.5% and a 58.1% success rate. Yarmak covers the Financial sector, focusing on stocks such as Essential Properties Realty, National Retail Properties, and Host Hotels & Resorts.
The word on The Street in general, suggests a Hold analyst consensus rating for Pennsylvania Real Estate Investment with a $15.00 average price target.
The company has a one-year high of $35.25 and a one-year low of $3.24. Currently, Pennsylvania Real Estate Investment has an average volume of 96.48K.
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Pennsylvania Real Estate Investment Trust engages in the ownership, management, leasing, acquisition, redevelopment, and disposition of shopping malls. It focuses on shopping malls located in the eastern half of the U.S. primarily in the Mid-Atlantic region. Its property portfolio include Cherry Hill Mall, Plymouth Meeting Mall, Mall at Prince Georges, and Springfield Town Center. The company was founded by Sylvan M. Cohen in 1960 and is headquartered in Philadelphia, PA.
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