Pennsylvania Real Estate Investment Trust (NYSE:PEI) Upgraded to “Hold” by StockNews.com

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Pennsylvania Real Estate Investment Trust (NYSE:PEIGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

PEI traded down $0.04 during midday trading on Friday, hitting $0.73. 1,120,053 shares of the company traded hands, compared to its average volume of 540,204. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 264.65. The firm has a market capitalization of $58.56 million, a PE ratio of -0.36 and a beta of 2.29. The company’s 50-day moving average is $0.91 and its 200 day moving average is $1.33. Pennsylvania Real Estate Investment Trust has a 52 week low of $0.69 and a 52 week high of $3.47.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp lifted its stake in shares of Pennsylvania Real Estate Investment Trust by 1,898.2% in the 2nd quarter. State Street Corp now…

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