Barclays Gives a Sell Rating to Pennsylvania Real Estate ate InvestmentBy Austin Angelo
Barclays analyst Ross L Smotrich maintained a Sell rating on Pennsylvania Real Estate ate Investment (NYSE: PEI) on April 18 and set a price target of $14. The company’s shares closed yesterday at $15.20.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.8% and a 68.0% success rate. Smotrich covers the Financial sector, focusing on stocks such as Apartment Investment & Management, General Growth Properties Inc, and Hudson Pacific Properties.
Pennsylvania Real Estate ate Investment has an analyst consensus of Moderate Sell, with a price target consensus of $14.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is neutral on the stock.
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Pennsylvania Real Estate Investment Trust operates as an equity real estate investment trust, which engages in the ownership, development, and management of commercial properties. Its portfolio includes malls, parks, and town centers. The company was founded in 1960 and is headquartered in Philadelphia, PA.