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

A number of hedge funds and other institutional investors have recently modified their holdings of KREF. Honkamp Krueger Financial Services Inc. acquired a new stake in Investors Real Estate Trust during the second quarter worth $128,000. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/08/11/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-investors-real-estate-trust-nyseiret-share-price-updated.html.

PEI is now undervalued by -18.66% relative to the average 1-year price target of $13.83 taken from a group of Wall Street Analysts. Following the transaction, the director now owns 9,939 shares of the company's stock, valued at approximately $203,749.50. Ltd. boosted its position in Monmouth Real Estate Investment Corporation by 15.8% in the first quarter. The company owns 100 properties in 30 states. Zurcher Kantonalbank (Zurich Cantonalbank) owns 6,096 shares. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the real estate investment trust's stock valued at $171,000 after buying an additional 368 shares during the last quarter. ValuEngine cut Investors Real Estate Trust from a "buy" rating to a "hold" rating in a report on Tuesday, May 23rd. The stock had a trading volume of 238,880 shares.

Analysts are speculating a 147.12% move, based on the high target price ($15) for the shares that is set to reach in the next 12 months. The company has market cap of $379.86 million. Current price places the company's stock 5.79% away from its 200-day simple moving average, 11.46%, away from the 50-day average and also -0.1% away from 20-day average. Vanguard Grp Inc has invested 0.01% in Investors Real Estate Trust (NYSE:IRET). The firm had revenue of $12.91 million during the quarter, compared to the consensus estimate of $13.01 million.

10/06/2015 - Monmouth Real Estate Investment Corporation had its "neutral" rating reiterated by analysts at National Securities. Pennsylvania Real Estate Investment Trust's quarterly revenue was down 5.3% on a year-over-year basis. They expect $0.10 EPS, down 16.67% or $0.02 from last year's $0.12 per share.

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The firm also recently announced an annual dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.69%. Investors Real Estate Trust earned a daily sentiment score of 0.25 on Accern's scale. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of US and worldwide copyright and trademark legislation. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & global trademark and copyright law. (WHLR) it is noted that WHLR delivered a decrease of -1.78% return in current trading session.

ACRE has been the topic of several research analyst reports. Zacks Investment Research upgraded Investors Real Estate Trust from a "sell" rating to a "hold" rating in a research report on Thursday, June 29th. Zacks Investment Research raised shares of Pennsylvania Real Estate Investment Trust from a "sell" rating to a "hold" rating in a report on Tuesday, May 2nd. Janney Capital downgraded the stock to "Neutral" rating in Monday, December 12 report. The stock now has a consensus rating of "Buy" and an average price target of $16.00. Wunderlich analysts stated on 05/08/2016 that they maintained their Buy rating. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. The stock now has a consensus rating of "Buy" and an average target price of $33.92. Speaking of monthly performance, PEI tapped a 5.34% gain. To forecast a stock's future performance, analysts use momentum indicators, which take into account the size and speed of these price movements. The company is expected to report EPS as high as $0.11 and as low as $0.06 per share. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

John Joseph Roberts, Director purchased $107,600 worth of shares at an average price of $10.76 on Tue the 30th. Following the acquisition, the director now directly owns 33,060 shares in the company, valued at $355,725.60. Insiders have bought 35,000 shares of company stock worth $391,000 in the last 90 days.

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

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