Bank Of Nova Scotia Boosted Celgene (CELG) Position; Pennsylvania Real Estate Investment Trust (PEI)’s Sentiment Is 1.47

August 18, 2017 - By Marguerite Chambers

Bank Of Nova Scotia increased Celgene Corp (CELG) stake by 177.32% reported in 2016Q4 SEC filing. Bank Of Nova Scotia acquired 27,907 shares as Celgene Corp (CELG)’s stock declined 3.49%. The Bank Of Nova Scotia holds 43,645 shares with $5.05M value, up from 15,738 last quarter. Celgene Corp now has $100.32B valuation. The stock rose 0.51% or $0.65 reaching $128.23 per share. About 1.16 million shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since August 18, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.

Pennsylvania Real Estate Investment Trust is a self-managed and self-administered real estate investment trust (REIT). The company has market cap of $699.67 million. The Company’s primary business is owning and operating retail shopping malls, which it does primarily through operating partnership, PREIT Associates, L.P. (PREIT Associates). It currently has negative earnings. The Firm is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls.

Since January 1, 0001, it had 3 insider buys, and 0 selling transactions for $282,200 activity.

Hollow Brook Wealth Management Llc holds 1.25% of its portfolio in Pennsylvania R.E.I.T. for 106,351 shares. Green Street Investors Llc owns 61,500 shares or 1.17% of their US portfolio. Moreover, Landscape Capital Management L.L.C. has 1.02% invested in the company for 393,700 shares. The Illinois-based Heitman Real Estate Securities Llc has invested 0.96% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 148,895 shares.

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. Stifel Nicolaus downgraded Pennsylvania R.E.I.T. (NYSE:PEI) rating on Monday, December 12. Stifel Nicolaus has “Hold” rating and $22.0 target. SunTrust downgraded the stock to “Hold” rating in Friday, January 20 report.

About 1.12M shares traded. Pennsylvania R.E.I.T. (PEI) has declined 47.73% since August 18, 2016 and is downtrending. It has underperformed by 64.43% the S&P500.

Investors sentiment decreased to 0.98 in Q4 2016. Its down 0.13, from 1.11 in 2016Q3. It worsened, as 57 investors sold CELG shares while 470 reduced holdings. 116 funds opened positions while 398 raised stakes. 587.86 million shares or 1.69% more from 578.10 million shares in 2016Q3 were reported. Whittier Trust holds 0.61% in Celgene Corporation (NASDAQ:CELG) or 123,433 shares. Kemper Corporation Master Retirement holds 0.53% or 7,300 shares in its portfolio. Halsey Ct accumulated 150,848 shares. Naples Glob Advsrs Ltd has invested 0.09% in Celgene Corporation (NASDAQ:CELG). 1,965 are owned by Virtu Fincl Ltd Liability Corp. Mathes holds 2,070 shares. Moreover, Fagan Associate Inc has 1.68% invested in Celgene Corporation (NASDAQ:CELG) for 25,130 shares. Fairfield Bush And Co accumulated 13,080 shares. Alphamark Ltd holds 0% or 26 shares. Deutsche Natl Bank Ag invested in 0.76% or 8.14 million shares. Van Eck Assocs holds 0.33% or 568,152 shares in its portfolio. Cetera Advisors Limited Liability holds 0.21% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 24,213 shares. Cahill Financial Advsr Inc accumulated 2,034 shares. 1.82 million are held by Alkeon Cap Management Limited Liability Company. Congress Asset Mgmt Co Ma holds 466,153 shares or 1.13% of its portfolio.

Among 25 analysts covering Celgene Corporation (NASDAQ:CELG), 21 have Buy rating, 0 Sell and 4 Hold. Therefore 84% are positive. Celgene Corporation had 65 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup maintained it with “Buy” rating and $127 target in Thursday, September 29 report. The firm has “Buy” rating given on Thursday, July 6 by Oppenheimer. On Thursday, July 27 the stock rating was maintained by Oppenheimer with “Buy”. The firm has “Outperform” rating by BMO Capital Markets given on Friday, July 28. The firm has “Buy” rating by BTIG Research given on Thursday, August 4. Oppenheimer maintained Celgene Corporation (NASDAQ:CELG) rating on Wednesday, June 7. Oppenheimer has “Buy” rating and $14800 target. The stock of Celgene Corporation (NASDAQ:CELG) has “Buy” rating given on Tuesday, November 8 by Mizuho. The firm has “Buy” rating by Jefferies given on Friday, June 23. On Wednesday, July 26 the stock rating was maintained by Mizuho with “Buy”. On Thursday, July 6 the stock rating was maintained by Credit Suisse with “Buy”.

Bank Of Nova Scotia decreased Barrick Gold Corp (Call) (NYSE:ABX) stake by 2.18 million shares to 65,600 valued at $1.05M in 2016Q4. It also reduced Autozone Inc (NYSE:AZO) stake by 3,264 shares and now owns 11,997 shares. Clearbridge Energy Mlp Tr Fd (CTR) was reduced too.