J.P. Morgan Unverweight On Pennsylvania REIT (PEI)

J.P. Morgan has an Underweight rating on shares of Pennsylvania REIT (NYSE: PEI), after it reported Q2 earnings.

In the research report, J.P. Morgan writes, "After 2Q earnings we are publishing our updated PEI model and estimates. We are slightly lowering our 2010 and 2011 FFO/estimates by $0.01 and $0.04 to $1.83 and $1.65, respectively. We are also introducing our 2012 FFO/share estimate of $1.70."

Shares of Pennsylvania REIT gained 20 cents on Friday, to close at $11.72, a gain of 1.74%.