Merriman Wealth Management Cut Pennsylvania Rl Estate Invt (PEI) Holding by $435,600; Valuation Declined; Companhia Brasileira De Dist (CBD) Shareholder Marietta Investment Partners Has Trimmed Position as Share Price Rose

June 19, 2018 - By Adrian Mccoy

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Logo

Merriman Wealth Management Llc decreased its stake in Pennsylvania Rl Estate Invt (PEI) by 51.43% based on its latest 2018Q1 regulatory filing with the SEC. Merriman Wealth Management Llc sold 48,400 shares as the company’s stock declined 2.87% with the market. The institutional investor held 45,700 shares of the real estate investment trusts company at the end of 2018Q1, valued at $441,000, down from 94,100 at the end of the previous reported quarter. Merriman Wealth Management Llc who had been investing in Pennsylvania Rl Estate Invt for a number of months, seems to be less bullish one the $893.20 million market cap company. The stock increased 0.53% or $0.06 during the last trading session, reaching $11.36. About 871,145 shares traded. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 10.64% since June 19, 2017 and is downtrending. It has underperformed by 23.21% the S&P500. Some Historical PEI News: 29/05/2018 – PREIT Executes Successful Recast of $700 million Revolving Credit and Term Loan Facility; 29/05/2018 – Penn Real Estate Facility Maturity Has Been Extended to 2023; 04/04/2018 – PREIT Creates New Magnolia Mall Shopping Experience With Completion of Proactive Anchor Recapture; 03/05/2018 – PREIT Executes New Leases with Forever 21 Representing Portfolio Appeal to Quality Retail Brands; 29/05/2018 – Penn Real Estate Has No Material Debt Maturities Until 2021; 29/05/2018 – Penn Real Estate Modifies, Extends $400 Million Unsecured Revolving Credit Facility; 18/04/2018 – PREIT Highlights Differentiated Portfolio in Response to Bon-Ton Liquidation; 20/03/2018 PREIT Announces Dynamic Remerchandising at Dartmouth Mall as Part of Ongoing Commitment to Enhancing the Shopper Experience; 29/05/2018 – PREIT – PRICING, CAPACITY AND VALUATIONS REMAIN UNCHANGED ON FACILITIES; MATURITY NOW IN 2023; 14/05/2018 – PREIT Redefines Shopper Experience with Robust Remerchandising and Beautification of DC Powerhouse Asset – MPG




Marietta Investment Partners Llc decreased its stake in Companhia Brasileira De Dist (CBD) by 77.47% based on its latest 2018Q1 regulatory filing with the SEC. Marietta Investment Partners Llc sold 43,888 shares as the company’s stock rose 4.48% while stock markets declined. The institutional investor held 12,760 shares of the food chains company at the end of 2018Q1, valued at $258,000, down from 56,648 at the end of the previous reported quarter. Marietta Investment Partners Llc who had been investing in Companhia Brasileira De Dist for a number of months, seems to be less bullish one the $5.24 billion market cap company. The stock decreased 0.40% or $0.08 during the last trading session, reaching $20.02. About 2.03M shares traded or 406.01% up from the average. Companhia Brasileira de Distribuição (NYSE:CBD) has risen 3.13% since June 19, 2017 and is uptrending. It has underperformed by 9.44% the S&P500. Some Historical CBD News: 08/03/2018 – Retailer Casino’s efforts to revive profits fall flat with investors; 27/03/2018 – Amazon in talks with Casino over Brazil electronics chain; 08/03/2018 Retailer Casino eyes further profit growth in 2018; 17/04/2018 – CASINO CASP.PA KEEPS 2018 FINANCIAL GOALS – CFO; 15/05/2018 – MONOPRIX CASP.PA EXPECTS TO MULTIPLY BY FIVE ITS ONLINE REVENUE IN NEXT THREE YEARS – MONOPRIX CEO SCHULTZ

Marietta Investment Partners Llc, which manages about $392.24 million and $333.63M US Long portfolio, upped its stake in Asml Holding Nv (NASDAQ:ASML) by 11,496 shares to 13,963 shares, valued at $2.77 million in 2018Q1, according to the filing. It also increased its holding in Paypal Hldgs Inc by 10,994 shares in the quarter, for a total of 18,839 shares, and has risen its stake in Thermo Fisher Scntfc Inc (NYSE:TMO).

More news for Companhia Brasileira de Distribuição (NYSE:CBD) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Companhia Brasileira de Distribuicao, SiteOne …” on June 15, 2018. Nasdaq.com‘s article titled: “Mid-Day Market Update: EDAP Rises Following FDA Clearance Of Focal One Device; MicroVision Shares Plunge” and published on June 08, 2018 is yet another important article.

Among 6 analysts covering Companhia Brasileira de Distribuicao (NYSE:CBD), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Companhia Brasileira de Distribuicao had 10 analyst reports since August 26, 2015 according to SRatingsIntel. Credit Suisse upgraded the shares of CBD in report on Tuesday, November 7 to “Outperform” rating. JP Morgan downgraded Companhia Brasileira de Distribuição (NYSE:CBD) on Tuesday, October 13 to “Underweight” rating. The rating was downgraded by Citigroup on Monday, November 9 to “Neutral”. The stock has “Neutral” rating by Nomura on Monday, November 9. The firm has “Underperform” rating given on Friday, October 16 by Bank of America. As per Thursday, November 3, the company rating was upgraded by HSBC. As per Thursday, December 15, the company rating was upgraded by Bank of America. On Thursday, March 23 the stock rating was upgraded by JP Morgan to “Overweight”.

Analysts await Companhia Brasileira de Distribuição (NYSE:CBD) to report earnings on July, 24. They expect $0.13 earnings per share, down 71.11% or $0.32 from last year’s $0.45 per share. CBD’s profit will be $34.00M for 38.50 P/E if the $0.13 EPS becomes a reality. After $0.16 actual earnings per share reported by Companhia Brasileira de Distribuição for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth.

Merriman Wealth Management Llc, which manages about $1.58B and $379.32M US Long portfolio, upped its stake in Barclays Bk Plc (DJP) by 28,342 shares to 124,930 shares, valued at $3.04M in 2018Q1, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLK) by 22,170 shares in the quarter, for a total of 61,691 shares, and has risen its stake in Ishares Tr (IVV).

Another recent and important Pennsylvania Real Estate Investment Trust (NYSE:PEI) news was published by Globenewswire.com which published an article titled: “Report: Developing Opportunities within Axon Enterprise, Old Dominion Freight Line, Pennsylvania Real Estate …” on June 15, 2018.

Analysts await Pennsylvania Real Estate Investment Trust (NYSE:PEI) to report earnings on August, 14. They expect $0.34 earnings per share, down 12.82% or $0.05 from last year’s $0.39 per share. PEI’s profit will be $26.73M for 8.35 P/E if the $0.34 EPS becomes a reality. After $0.29 actual earnings per share reported by Pennsylvania Real Estate Investment Trust for the previous quarter, Wall Street now forecasts 17.24% EPS growth.

Investors sentiment increased to 1.26 in Q1 2018. Its up 0.23, from 1.03 in 2017Q4. It improved, as 14 investors sold PEI shares while 54 reduced holdings. 31 funds opened positions while 55 raised stakes. 67.00 million shares or 2.32% more from 65.48 million shares in 2017Q4 were reported. Credit Suisse Ag reported 195,290 shares stake. Susquehanna Grp Inc Llp reported 37,017 shares. Stevens Cap Lp invested in 0.04% or 97,477 shares. Utd Svcs Automobile Association stated it has 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Moreover, Element Capital Ltd Company has 0% invested in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Panagora Asset Mngmt reported 54,115 shares or 0% of all its holdings. 28,128 were accumulated by Brown Brothers Harriman & Company. Metropolitan Life Ins Com New York reported 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Whittier invested in 70 shares or 0% of the stock. Stifel Corporation invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Tudor Investment Et Al reported 0.01% stake. Parametric Port Assoc Limited Liability Corp has invested 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Profund Ltd Liability Corporation reported 12,858 shares. The Illinois-based Guggenheim Capital Ltd Liability has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). State Of Alaska Department Of Revenue accumulated 118,659 shares or 0.02% of the stock.

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

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