NYSE:PEI - Pennsylvania R.E.I.T. Stock Price, News, & Analysis

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$6.77 +0.02 (+0.30 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$6.77
Today's Range$6.75 - $6.86
52-Week Range$5.60 - $12.45
Volume866,663 shs
Average Volume1.44 million shs
Market Capitalization$477.05 million
P/E Ratio4.40
Dividend Yield12.44%
Beta1.56
PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely-populated eastern U.S. with concentrations in the mid-Atlantic's top MSAs. Since 2012, the Company has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP70910210
Phone215-875-0700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$362.40 million
Cash Flow$1.3513 per share
Book Value$10.88 per share

Profitability

Net Income$-29,340,000.00

Miscellaneous

Employees297
Market Cap$477.05 million
OptionableOptionable

Pennsylvania R.E.I.T. (NYSE:PEI) Frequently Asked Questions

What is Pennsylvania R.E.I.T.'s stock symbol?

Pennsylvania R.E.I.T. trades on the New York Stock Exchange (NYSE) under the ticker symbol "PEI."

How often does Pennsylvania R.E.I.T. pay dividends? What is the dividend yield for Pennsylvania R.E.I.T.?

Pennsylvania R.E.I.T. declared a quarterly dividend on Monday, February 11th. Stockholders of record on Friday, March 1st will be given a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.41%. The ex-dividend date is Thursday, February 28th. View Pennsylvania R.E.I.T.'s Dividend History.

How were Pennsylvania R.E.I.T.'s earnings last quarter?

Pennsylvania R.E.I.T. (NYSE:PEI) issued its earnings results on Wednesday, February, 13th. The real estate investment trust reported ($1.23) EPS for the quarter, missing analysts' consensus estimates of $0.54 by $1.77. The real estate investment trust had revenue of $95.33 million for the quarter, compared to analysts' expectations of $96.88 million. Pennsylvania R.E.I.T. had a negative net margin of 30.84% and a negative return on equity of 15.97%. View Pennsylvania R.E.I.T.'s Earnings History.

When is Pennsylvania R.E.I.T.'s next earnings date?

Pennsylvania R.E.I.T. is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Pennsylvania R.E.I.T..

What guidance has Pennsylvania R.E.I.T. issued on next quarter's earnings?

Pennsylvania R.E.I.T. issued an update on its earnings guidance on Wednesday, February, 13th. The company provided earnings per share (EPS) guidance of for the period.

What price target have analysts set for PEI?

6 brokerages have issued twelve-month price targets for Pennsylvania R.E.I.T.'s shares. Their predictions range from $6.00 to $10.50. On average, they anticipate Pennsylvania R.E.I.T.'s share price to reach $8.90 in the next year. This suggests a possible upside of 31.5% from the stock's current price. View Analyst Price Targets for Pennsylvania R.E.I.T..

What is the consensus analysts' recommendation for Pennsylvania R.E.I.T.?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pennsylvania R.E.I.T. in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Pennsylvania R.E.I.T..

What are Wall Street analysts saying about Pennsylvania R.E.I.T. stock?

Here are some recent quotes from research analysts about Pennsylvania R.E.I.T. stock:
  • 1. According to Zacks Investment Research, "PENNSYLVANIA R.E. INVEST. TR. is a real estate investment trust, engaged in acquiring and holding for investment interests in real estate. " (2/16/2019)
  • 2. Boenning Scattergood analysts commented, "We believe adjusted FFO will decline from $1.54 in 2018 to $1.33 in 2019, and we are not at the bottom of the guidance range, which is estimated at $1.20/sh. Yet, the positives are tangible. PEI has no vacant department store space; there is turnover, but the spaces are leased. There are no expectations for closure of any of its Sears stores (now owned by ESL) or its JCPenney stores (JCP-$1.38-Not Rated). PEI owns two of Macy’s (M-$25.14-Not Rated) highest grossing retail stores, a remarkable statistic for a $3 billion mall property portfolio. The company reports improved traffic, higher sales per square foot (over $510 during 4Q18), and strong leasing spreads for 4Q18 (+6.3%). Does this sound like a dying company? Not to us. At the same time, there is still wood to chop. The balance sheet needs to be de-levered." (2/15/2019)

Has Pennsylvania R.E.I.T. been receiving favorable news coverage?

News headlines about PEI stock have been trending positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Pennsylvania R.E.I.T. earned a daily sentiment score of 2.7 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future.

Who are some of Pennsylvania R.E.I.T.'s key competitors?

Who are Pennsylvania R.E.I.T.'s key executives?

Pennsylvania R.E.I.T.'s management team includes the folowing people:
  • Mr. Joseph F. Coradino, Chairman & CEO (Age 67)
  • Mr. Robert F. McCadden, Exec. VP, CFO & Principal Accounting Officer (Age 61)
  • Mr. Mario C. Ventresca Jr., Exec. VP of Operations (Age 52)
  • Mr. Andrew M. Ioannou, Exec. VP of Fin. & Acquisitions (Age 44)
  • Mr. Jonathen Bell, Sr. VP & Chief Accounting Officer (Age 51)

Who are Pennsylvania R.E.I.T.'s major shareholders?

Pennsylvania R.E.I.T.'s stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.22%), Presima Inc. (3.72%), Victory Capital Management Inc. (2.70%), Bank of New York Mellon Corp (2.17%), Northern Trust Corp (1.63%) and Uniplan Investment Counsel Inc. (1.57%). Company insiders that own Pennsylvania R.E.I.T. stock include George J Alburger Jr, John Joseph Roberts, Joseph F Coradino and Robert F Mccadden. View Institutional Ownership Trends for Pennsylvania R.E.I.T..

Which major investors are selling Pennsylvania R.E.I.T. stock?

PEI stock was sold by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, Presima Inc., Bank of New York Mellon Corp, Northern Trust Corp, Uniplan Investment Counsel Inc., Hancock Whitney Corp, Barclays PLC and Amundi Pioneer Asset Management Inc.. View Insider Buying and Selling for Pennsylvania R.E.I.T..

Which major investors are buying Pennsylvania R.E.I.T. stock?

PEI stock was purchased by a variety of institutional investors in the last quarter, including Prudential Financial Inc., BlackRock Inc., Virginia Retirement Systems ET AL, Geode Capital Management LLC, Rhumbline Advisers, Oregon Public Employees Retirement Fund, Zweig DiMenna Associates LLC and Metropolitan Life Insurance Co. NY. Company insiders that have bought Pennsylvania R.E.I.T. stock in the last two years include George J Alburger Jr, John Joseph Roberts, Joseph F Coradino and Robert F Mccadden. View Insider Buying and Selling for Pennsylvania R.E.I.T..

How do I buy shares of Pennsylvania R.E.I.T.?

Shares of PEI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Pennsylvania R.E.I.T.'s stock price today?

One share of PEI stock can currently be purchased for approximately $6.77.

How big of a company is Pennsylvania R.E.I.T.?

Pennsylvania R.E.I.T. has a market capitalization of $477.05 million and generates $362.40 million in revenue each year. The real estate investment trust earns $-29,340,000.00 in net income (profit) each year or $1.54 on an earnings per share basis. Pennsylvania R.E.I.T. employs 297 workers across the globe.

What is Pennsylvania R.E.I.T.'s official website?

The official website for Pennsylvania R.E.I.T. is http://www.preit.com.

How can I contact Pennsylvania R.E.I.T.?

Pennsylvania R.E.I.T.'s mailing address is 200 SOUTH BROAD STREET, PHILADELPHIA PA, 19102. The real estate investment trust can be reached via phone at 215-875-0700 or via email at [email protected]


MarketBeat Community Rating for Pennsylvania R.E.I.T. (NYSE PEI)

Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  196 (Vote Outperform)
Underperform Votes:  403 (Vote Underperform)
Total Votes:  599
MarketBeat's community ratings are surveys of what our community members think about Pennsylvania R.E.I.T. and other stocks. Vote "Outperform" if you believe PEI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PEI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2019 by MarketBeat.com Staff

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