Presima Has Lowered By $620,400 Its Pennsylvania Rl Estate Invt (PEI) Position; Nuveen Georgia Dividend Advantage Municipal Fund 2 (NKG) Has 2.5 Sentiment

May 9, 2018 - By Michael Collier

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Logo

Presima Inc decreased Pennsylvania Rl Estate Invt (PEI) stake by 2.74% reported in 2017Q4 SEC filing. Presima Inc sold 56,400 shares as Pennsylvania Rl Estate Invt (PEI)’s stock declined 17.48%. The Presima Inc holds 2.00 million shares with $23.81 million value, down from 2.06M last quarter. Pennsylvania Rl Estate Invt now has $795.70 million valuation. The stock decreased 3.34% or $0.35 during the last trading session, reaching $10.12. About 1.48 million shares traded or 21.95% up from the average. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 34.49% since May 9, 2017 and is downtrending. It has underperformed by 46.04% the S&P500.

Nuveen Georgia Dividend Advantage Municipal Fund 2 (NKG) investors sentiment increased to 2.5 in 2017 Q4. It’s up 0.17, from 2.33 in 2017Q3. The ratio increased, as 10 institutional investors increased and opened new equity positions, while 4 reduced and sold positions in Nuveen Georgia Dividend Advantage Municipal Fund 2. The institutional investors in our database now hold: 644,748 shares, up from 537,736 shares in 2017Q3. Also, the number of institutional investors holding Nuveen Georgia Dividend Advantage Municipal Fund 2 in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 3 Increased: 4 New Position: 6.

Greatmark Investment Partners Inc. holds 0.9% of its portfolio in Nuveen Georgia Quality Municipa for 197,364 shares. Capital Investment Advisors Llc owns 119,711 shares or 0.1% of their US portfolio. Moreover, Rmb Capital Management Llc has 0.01% invested in the company for 38,642 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Citigroup Inc, a New York-based fund reported 1,101 shares.

The stock decreased 0.26% or $0.03 during the last trading session, reaching $11.42. About 4,320 shares traded. Nuveen Georgia Quality Municipa (NKG) has declined 10.07% since May 9, 2017 and is downtrending. It has underperformed by 21.62% the S&P500.

Among 8 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 0 have Buy rating, 2 Sell and 6 Hold. Therefore 0 are positive. Pennslyvania Real Estate Investment Trust had 26 analyst reports since January 26, 2016 according to SRatingsIntel. Citigroup maintained the stock with “Neutral” rating in Monday, August 14 report. As per Monday, March 7, the company rating was maintained by Barclays Capital. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, April 20. Stifel Nicolaus maintained it with “Hold” rating and $11.5 target in Friday, July 14 report. Citigroup maintained the stock with “Neutral” rating in Wednesday, February 21 report. As per Thursday, May 3, the company rating was maintained by Boenning & Scattergood. On Wednesday, April 6 the stock rating was upgraded by Boenning & Scattergood to “Outperform”. The firm has “Hold” rating given on Tuesday, April 3 by SunTrust. As per Friday, January 20, the company rating was downgraded by Suntrust Robinson. Boenning & Scattergood maintained the shares of PEI in report on Thursday, August 10 with “Hold” rating.

Presima Inc increased Avalonbay Cmntys Inc (NYSE:AVB) stake by 63,300 shares to 249,400 valued at $44.50 million in 2017Q4. It also upped Welltower Inc stake by 23,400 shares and now owns 571,100 shares. Ventas Inc (NYSE:VTR) was raised too.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Institutional Positions Chart

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