North Star Asset Management Lowered Mercantile Bank (MBWM) Stake; Pennsylvania Real Estate Investment Trust (PEI) Sentiment Is 1.53

February 12, 2018 - By Marguerite Chambers

Pennsylvania Real Estate Investment Trust is a publicly owned equity real estate investment trust. The company has market cap of $766.36 million. The firm manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern United States. It currently has negative earnings. It also provides management, leasing, and development services to affiliate and third party property owners.

North Star Asset Management Inc decreased Mercantile Bank (MBWM) stake by 5.26% reported in 2017Q3 SEC filing. North Star Asset Management Inc sold 16,655 shares as Mercantile Bank (MBWM)’s stock declined 6.70%. The North Star Asset Management Inc holds 299,761 shares with $10.46 million value, down from 316,416 last quarter. Mercantile Bank now has $564.30M valuation. The stock increased 1.86% or $0.62 during the last trading session, reaching $34.01. About 28,395 shares traded. Mercantile Bank Corporation (NASDAQ:MBWM) has risen 34.10% since February 12, 2017 and is uptrending. It has outperformed by 17.40% the S&P500.

North Star Asset Management Inc increased Henry Schein (NASDAQ:HSIC) stake by 8,735 shares to 18,150 valued at $1.49 million in 2017Q3. It also upped Baraboo Bancorp (BAOB) stake by 89,000 shares and now owns 177,778 shares. Oracle (NYSE:ORCL) was raised too.

Since October 20, 2017, it had 0 insider purchases, and 2 sales for $614,071 activity. On Friday, October 20 the insider SULLIVAN THOMAS R sold $397,773.

Among 5 analysts covering Mercantile Bank (NASDAQ:MBWM), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Mercantile Bank had 16 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Sandler O’Neill on Wednesday, July 22 to “Hold”. The rating was maintained by Sandler O’Neill with “Hold” on Wednesday, January 3. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The rating was upgraded by DA Davidson on Monday, September 11 to “Buy”. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. The rating was initiated by Hovde Group with “Market Perform” on Monday, November 21. As per Tuesday, October 17, the company rating was maintained by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, May 26 report. The firm earned “Mkt Perform” rating on Tuesday, November 29 by Keefe Bruyette & Woods. As per Tuesday, August 25, the company rating was upgraded by Raymond James.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.19, from 1.25 in 2017Q2. It turned negative, as 4 investors sold MBWM shares while 30 reduced holdings. 10 funds opened positions while 26 raised stakes. 8.49 million shares or 1.21% less from 8.59 million shares in 2017Q2 were reported. Ny State Common Retirement Fund owns 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM) for 17,700 shares. Deutsche Bankshares Ag accumulated 0% or 23,635 shares. Vanguard Group holds 0% or 710,073 shares. Swiss Comml Bank has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Rhumbline Advisers holds 19,430 shares or 0% of its portfolio. Greenleaf Trust reported 9,000 shares. Blackrock holds 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM) for 932,394 shares. Citadel Advisors Limited Liability has 11,614 shares for 0% of their portfolio. Pnc Serv Group has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Lsv Asset reported 0.01% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). Moreover, Ameritas Prtn Inc has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM) for 1,239 shares. Brandywine Global Invest Mngmt Limited Liability Co invested in 0% or 5,621 shares. State Bank Of Montreal Can accumulated 10,000 shares or 0% of the stock. Manufacturers Life Insurance Company The holds 0% or 12,554 shares in its portfolio. Aqr Capital has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM).

Presima Inc. holds 2.86% of its portfolio in Pennsylvania Real Estate Investment Trust for 2.06 million shares. King Street Capital Management L.P. owns 1.70 million shares or 2.24% of their US portfolio. Moreover, Hollow Brook Wealth Management Llc has 0.82% invested in the company for 106,351 shares. The California-based Green Street Investors Llc has invested 0.81% in the stock. Heitman Real Estate Securities Llc, a Illinois-based fund reported 1.28 million shares.

Analysts await Pennsylvania Real Estate Investment Trust (NYSE:PEI) to report earnings on February, 22. They expect $0.49 EPS, down 14.04% or $0.08 from last year’s $0.57 per share. PEI’s profit will be $38.32M for 5.00 P/E if the $0.49 EPS becomes a reality. After $0.42 actual EPS reported by Pennsylvania Real Estate Investment Trust for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

Ratings analysis reveals 0 of Pennsylvania R.E.I.T.’s analysts are positive. Out of 2 Wall Street analysts rating Pennsylvania R.E.I.T., 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. PEI was included in 2 notes of analysts from December 12, 2016. SunTrust downgraded the stock to “Hold” rating in Friday, January 20 report. The rating was downgraded by Stifel Nicolaus on Monday, December 12 to “Hold”.

The stock increased 0.72% or $0.07 during the last trading session, reaching $9.8. About 2.08 million shares traded or 57.74% up from the average. Pennsylvania Real Estate Investment Trust (PEI) has declined 47.73% since February 12, 2017 and is downtrending. It has underperformed by 64.43% the S&P500.

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