Pennsylvania R.E.I.T. Company Profile (NYSE:PEI)

About Pennsylvania R.E.I.T. (NYSE:PEI)

Pennsylvania R.E.I.T. logoPennsylvania Real Estate Investment Trust (PREIT) is a self-managed and self-administered real estate investment trust (REIT). 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). The Company is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Company has a primary investment focus on retail shopping malls located in the eastern half of the United States, primarily in the Mid-Atlantic region. As of December 31, 2016, the Company owned interests in 30 retail properties, of which 26 are operating properties and four are development or redevelopment properties. As of December 31, 2016, the Company's 26 operating properties included 22 shopping malls and four other retail properties, had a total of 21.7 million square feet and were located in nine states.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Retail
  • Sub-Industry: Retail REITs
  • Symbol: NYSE:PEI
  • CUSIP: 70910210
  • Web: www.preit.com
Capitalization:
  • Market Cap: $780.4 million
  • Outstanding Shares: 69,741,000
Average Prices:
  • 50 Day Moving Avg: $13.08
  • 200 Day Moving Avg: $16.50
  • 52 Week Range: $10.00 - $25.67
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 186.50
  • P/E Growth: -293.75
Sales & Book Value:
  • Annual Revenue: $399.31 million
  • Price / Sales: 1.95
  • Book Value: $10.08 per share
  • Price / Book: 1.11
Dividend:
  • Annual Dividend: $0.84
  • Dividend Yield: 7.5%
Profitability:
  • EBIDTA: $220.88 million
  • Net Margins: -6.65%
  • Return on Equity: -3.62%
  • Return on Assets: -1.02%
Debt:
  • Debt-to-Equity Ratio: 2.36%
  • Current Ratio: 0.89%
  • Quick Ratio: 0.89%
Misc:
  • Average Volume: 1.58 million shs.
  • Beta: 1.48
  • Short Ratio: 7.91
 

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

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. announced a quarterly dividend on Friday, April 21st. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.21 per share on Thursday, June 15th. This represents a $0.84 annualized dividend and a yield of 7.51%. The ex-dividend date is Tuesday, May 30th. 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) announced its quarterly earnings results on Tuesday, April, 25th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by $0.02. The firm had revenue of $89.26 million for the quarter, compared to the consensus estimate of $97.98 million. Pennsylvania R.E.I.T. had a negative return on equity of 3.62% and a negative net margin of 6.65%. The firm's revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. View Pennsylvania R.E.I.T.'s Earnings History.

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

Pennsylvania R.E.I.T. issued an update on its FY17 earnings guidance on Tuesday, April, 25th. The company provided earnings per share (EPS) guidance of $1.64-1.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.70.

Where is Pennsylvania R.E.I.T.'s stock going? Where will Pennsylvania R.E.I.T.'s stock price be in 2017?

5 analysts have issued 12 month price targets for Pennsylvania R.E.I.T.'s shares. Their predictions range from $14.00 to $22.00. On average, they anticipate Pennsylvania R.E.I.T.'s share price to reach $18.50 in the next year. View Analyst Ratings for Pennsylvania R.E.I.T..

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

Who owns Pennsylvania R.E.I.T. stock?

Pennsylvania R.E.I.T.'s stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.28%), BlackRock Inc. (14.67%), APG Asset Management US Inc. (5.22%), FMR LLC (4.12%), State Street Corp (3.76%) and Morgan Stanley (3.13%). Company insiders that own Pennsylvania R.E.I.T. stock include Andrew M Ioannou, Jonathen Bell, Joseph F Coradino and Rosemarie B Greco. View Institutional Ownership Trends for Pennsylvania R.E.I.T..

Who sold Pennsylvania R.E.I.T. stock? Who is selling Pennsylvania R.E.I.T. stock?

Pennsylvania R.E.I.T.'s stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Renaissance Technologies LLC, FMR LLC, Teachers Advisors LLC, Foundry Partners LLC, Sumitomo Mitsui Asset Management Company LTD, Westpac Banking Corp and Wellington Management Group LLP. Company insiders that have sold Pennsylvania R.E.I.T. stock in the last year include Andrew M Ioannou and Joseph F Coradino. View Insider Buying and Selling for Pennsylvania R.E.I.T..

Who bought Pennsylvania R.E.I.T. stock? Who is buying Pennsylvania R.E.I.T. stock?

Pennsylvania R.E.I.T.'s stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, AEW Capital Management L P, Russell Investments Group Ltd., KRV Capital LP, Point72 Asset Management L.P., Victory Capital Management Inc. and Bank of America Corp DE. View Insider Buying and Selling for Pennsylvania R.E.I.T..

How do I buy Pennsylvania R.E.I.T. stock?

Shares of Pennsylvania R.E.I.T. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Pennsylvania R.E.I.T. stock cost?

One share of Pennsylvania R.E.I.T. stock can currently be purchased for approximately $11.19.

Analyst Ratings

Consensus Ratings for Pennsylvania R.E.I.T. (NYSE:PEI) (?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings
Consensus Rating:Hold (Score: 1.80)
Consensus Price Target: $18.50 (65.33% upside)

Analysts' Ratings History for Pennsylvania R.E.I.T. (NYSE:PEI)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/15/2017Boenning ScattergoodDowngradeOutperform -> NeutralHighView Rating Details
4/19/2017Barclays PLCReiterated RatingUnderweight$15.00 -> $14.00LowView Rating Details
3/22/2017JPMorgan Chase & Co.Lower Price TargetNeutral$20.00 -> $18.00HighView Rating Details
1/19/2017SunTrust Banks, Inc.DowngradeBuy -> Hold$20.00N/AView Rating Details
12/12/2016Stifel NicolausDowngradeBuy -> Hold$27.00 -> $22.00N/AView Rating Details
4/4/2016Mitsubishi UFJ Financial GroupInitiated CoverageOverweight$24.00N/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Pennsylvania R.E.I.T. (NYSE:PEI)
Earnings by Quarter for Pennsylvania R.E.I.T. (NYSE:PEI)
Earnings History by Quarter for Pennsylvania R.E.I.T. (NYSE:PEI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/25/2017Q1 2017$0.37$0.35$97.98 million$89.26 millionViewN/AView Earnings Details
2/23/2017Q416$0.15$0.57$63.37 million$104.86 millionViewN/AView Earnings Details
7/26/2016Q216$0.41$0.43$68.46 million$94.30 millionViewN/AView Earnings Details
4/26/2016Q116$0.43$0.42$71.89 million$101.90 millionViewN/AView Earnings Details
2/23/2016Q415$0.57$0.60$73.76 million$116.62 millionViewListenView Earnings Details
10/27/2015Q315$0.47$0.49$68.69 million$68.40 millionViewListenView Earnings Details
7/28/2015Q215$0.42$0.39$67.38 million$101.69 millionViewListenView Earnings Details
4/28/2015Q115$0.39$0.40$70.90 million$100.00 millionViewN/AView Earnings Details
2/17/2015Q414$0.59$0.61$74.20 million$111.35 millionViewN/AView Earnings Details
10/28/2014Q314$0.51$0.49$72.90 million$105.14 millionViewN/AView Earnings Details
7/29/2014Q214$0.46$0.47$72.44 million$106.83 millionViewN/AView Earnings Details
4/23/2014Q114$0.46$0.40$85.16 million$109.39 millionViewN/AView Earnings Details
2/18/2014Q413$0.58$0.59$73.37 million$119.40 millionViewN/AView Earnings Details
10/28/2013Q313$0.44$0.45$87.95 million$111.49 millionViewN/AView Earnings Details
7/23/2013Q2 2013$0.38$0.42$113.86 millionViewN/AView Earnings Details
4/22/2013Q113$0.44$0.44$71.81 million$105.98 millionViewN/AView Earnings Details
10/24/2012$0.40$0.43ViewN/AView Earnings Details
7/31/2012$0.38$0.37ViewN/AView Earnings Details
4/24/2012$0.41$0.43ViewN/AView Earnings Details
2/23/2012$0.56$0.63ViewN/AView Earnings Details
10/27/2011$0.36$0.51ViewN/AView Earnings Details
7/28/2011$0.36$0.33ViewN/AView Earnings Details
4/27/2011$0.37$0.37ViewN/AView Earnings Details
2/23/2011$0.53$0.56ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Pennsylvania R.E.I.T. (NYSE:PEI)
2017 EPS Consensus Estimate: $1.71
2018 EPS Consensus Estimate: $2.04
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.39$0.39$0.39
Q2 20171$0.36$0.36$0.36
Q3 20171$0.44$0.44$0.44
Q4 20171$0.52$0.52$0.52
Q1 20181$0.40$0.40$0.40
Q2 20181$0.46$0.46$0.46
Q3 20181$0.54$0.54$0.54
Q4 20181$0.64$0.64$0.64
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Pennsylvania R.E.I.T. (NYSE:PEI)
Next Dividend:6/15/2017
Annual Dividend:$0.84
Dividend Yield:7.51%
Dividend Growth:4.30% (3 Year Average)
Payout Ratio:-133.33% (Trailing 12 Months of Earnings)
-2,100.00% (Based on This Year's Estimates)
1,400.00% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Pennsylvania R.E.I.T. (NYSE:PEI)

Dividend History by Quarter for Pennsylvania R.E.I.T. (NYSE:PEI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/21/2017quarterly$0.215.54%5/30/20176/1/20176/15/2017
2/17/2017quarterly$0.214.87%2/27/20173/1/20173/15/2017
10/31/2016Quarterly$0.2111/29/201612/1/201612/15/2016
7/22/2016Quarterly$0.218/30/20169/1/20169/15/2016
5/9/2016Quarterly$0.215/27/20166/1/20166/15/2016
2/11/2016Quarterly$0.212/26/20163/1/20163/15/2016
10/26/2015Quarterly$0.2111/27/201512/1/201512/15/2015
7/23/2015$0.218/28/20159/1/20159/15/2015
5/21/2015quarterly$0.213.68%5/28/20156/1/20156/15/2015
2/13/2015quarterly$0.213.42%2/26/20153/2/20153/16/2015
11/21/2014quarterly$0.203.46%11/26/201412/1/201412/15/2014
7/18/2014quarterly$0.204.15%8/28/20149/2/20149/16/2014
4/2/2014quarterly$0.204.42%5/29/20146/2/20146/16/2014
2/13/2014quarterly$0.204.23%2/27/20143/3/20143/17/2014
11/6/2013quarterly$0.204.6%11/27/201312/2/201312/16/2013
7/23/2013quarterly$0.183.46%8/28/20138/30/20139/16/2013
5/16/2013quarterly$0.183.36%5/29/20135/31/20136/17/2013
2/21/2013quarterly$0.183.8%2/28/20133/4/20133/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Pennsylvania R.E.I.T. (NYSE:PEI)
Insider Ownership Percentage: 4.40%
Institutional Ownership Percentage: 93.69%
Insider Trades by Quarter for Pennsylvania R.E.I.T. (NYSE:PEI)
Institutional Ownership by Quarter for Pennsylvania R.E.I.T. (NYSE:PEI)
Insider Trades by Quarter for Pennsylvania R.E.I.T. (NYSE:PEI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/9/2016Andrew M IoannouEVPSell10,000$22.27$222,700.00View SEC Filing  
6/9/2016Joseph F CoradinoCEOSell33,000$22.29$735,570.00View SEC Filing  
6/6/2016Joseph F CoradinoCEOSell33,000$21.25$701,250.00View SEC Filing  
3/18/2016Rosemarie B GrecoDirectorSell5,412$21.36$115,600.32View SEC Filing  
11/3/2015Jonathen BellCAOSell5,000$22.67$113,350.00View SEC Filing  
8/19/2015Andrew M IoannouEVPSell10,000$21.65$216,500.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Pennsylvania R.E.I.T. (NYSE:PEI)
Latest Headlines for Pennsylvania R.E.I.T. (NYSE:PEI)
Source:
DateHeadline
finance.yahoo.com logoPREIT Expands Capital Plan Sources by Offering Additional Malls for Sale
finance.yahoo.com - May 22 at 9:40 AM
finance.yahoo.com logoAmerican Eagle (AEO) Shares Tank 13% on Bleak Guidance, Store Closings
finance.yahoo.com - May 17 at 7:06 PM
finance.yahoo.com logoDoes Pennsylvania Real Estate (PEI) Look to be a Great Stock for Value Investors?
finance.yahoo.com - May 16 at 6:52 PM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - May 15 at 11:24 AM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Lowered to "Neutral" at Boenning Scattergood
www.americanbankingnews.com - May 15 at 10:30 AM
finance.yahoo.com logoPREIT Continues its Portfolio Transformation with Addition of New Experiential Tenants
finance.yahoo.com - May 10 at 11:43 AM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Expected to Post Quarterly Sales of $96.44 Million
www.americanbankingnews.com - May 10 at 10:30 AM
americanbankingnews.com logoZacks: Analysts Expect Pennsylvania R.E.I.T. (PEI) Will Announce Earnings of $0.37 Per Share
www.americanbankingnews.com - May 8 at 4:17 PM
finance.yahoo.com logoPREIT Strengthens Portfolio with Anchor Replacement Program
finance.yahoo.com - May 8 at 12:05 PM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Getting Somewhat Favorable Press Coverage, Analysis Shows
www.americanbankingnews.com - May 3 at 6:06 PM
americanbankingnews.com logoQ4 2017 Earnings Forecast for Pennsylvania R.E.I.T. (PEI) Issued By Boenning Scattergood
www.americanbankingnews.com - May 1 at 11:32 AM
americanbankingnews.com logoSomewhat Critical Media Coverage Extremely Likely to Impact Pennsylvania R.E.I.T. (PEI) Share Price
www.americanbankingnews.com - April 28 at 11:31 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for Pennsylvania R.E.I.T. (PEI) Lowered by Boenning Scattergood
www.americanbankingnews.com - April 28 at 9:19 AM
finance.yahoo.com logoEdited Transcript of PEI earnings conference call or presentation 26-Apr-17 3:00pm GMT
finance.yahoo.com - April 27 at 10:23 AM
finance.yahoo.com logoThe FBI will eventually relocate, and this CEO might know where it's going. But he probably doesn't.
finance.yahoo.com - April 27 at 10:23 AM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS
www.americanbankingnews.com - April 25 at 10:40 PM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Given News Sentiment Score of 0.03
www.americanbankingnews.com - April 25 at 7:52 PM
finance.yahoo.com logoPREIT Reports First Quarter 2017 Results
finance.yahoo.com - April 25 at 6:19 PM
finance.yahoo.com logoPennsylvania Real Estate reports 1Q results
finance.yahoo.com - April 25 at 6:19 PM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Releases FY17 Earnings Guidance
www.americanbankingnews.com - April 25 at 6:18 PM
americanbankingnews.com logoPennsylvania R.E.I.T.'s (PEI) "Underweight" Rating Reiterated at Barclays PLC
www.americanbankingnews.com - April 25 at 11:59 AM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Receiving Somewhat Positive News Coverage, Study Finds
www.americanbankingnews.com - April 22 at 12:59 AM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Announces $0.21 Quarterly Dividend
www.americanbankingnews.com - April 21 at 6:50 PM
americanbankingnews.com logoBarclays PLC Reaffirms Underweight Rating for Pennsylvania R.E.I.T. (PEI)
www.americanbankingnews.com - April 19 at 2:29 PM
americanbankingnews.com logoZacks: Brokerages Expect Pennsylvania R.E.I.T. (PEI) Will Post Quarterly Sales of $97.62 Million
www.americanbankingnews.com - April 19 at 10:17 AM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Given Coverage Optimism Score of 0.21
www.americanbankingnews.com - April 18 at 9:15 PM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - April 18 at 12:28 PM
americanbankingnews.com logo$0.37 EPS Expected for Pennsylvania R.E.I.T. (PEI) This Quarter
www.americanbankingnews.com - April 17 at 6:17 PM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Given News Impact Rating of 0.10
www.americanbankingnews.com - April 13 at 8:39 PM
finance.yahoo.com logoVersaPay Chosen by PREIT for Tenant Portal and Accounts Receivable Solution
finance.yahoo.com - April 11 at 10:33 AM
finance.yahoo.com logoPREIT Welcomes LEGOLAND® Discovery Center to Plymouth Meeting Mall
finance.yahoo.com - April 7 at 11:51 AM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Cut to D+ at TheStreet
www.americanbankingnews.com - March 28 at 3:39 PM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - March 23 at 11:51 AM
americanbankingnews.com logoPennsylvania R.E.I.T. (PEI) PT Lowered to $18.00 at JPMorgan Chase & Co.
www.americanbankingnews.com - March 22 at 2:19 PM
finance.yahoo.com logoPREIT Schedules First Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - March 15 at 7:22 PM
bizjournals.com logoSpringfield Town Center owner moves toward mall parking lot development
www.bizjournals.com - March 7 at 9:48 AM
biz.yahoo.com logoPENNSYLVANIA REAL ESTATE INVESTMENT TRUST Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - March 3 at 7:13 PM
finance.yahoo.com logoPREIT to Present at Citi 2017 Global Property CEO Conference
finance.yahoo.com - March 1 at 10:15 AM
biz.yahoo.com logoPENNSYLVANIA REAL ESTATE INVESTMENT TRUST Files SEC form 10-K, Annual Report
biz.yahoo.com - February 28 at 7:13 PM
biz.yahoo.com logoPENNSYLVANIA REAL ESTATE INVESTMENT TRUST Files SEC form 8-K, Results of Operations and Financial Condition, Financia
biz.yahoo.com - February 27 at 9:53 AM
finance.yahoo.com logoEdited Transcript of PEI earnings conference call or presentation 24-Feb-17 4:00pm GMT
finance.yahoo.com - February 25 at 1:14 AM
bizjournals.com logo​Mall at Prince Georges' owner has high hopes for renovated property
www.bizjournals.com - February 24 at 8:14 PM
nasdaq.com logoCash Dividend On The Way From Pennsylvania Real Estate Investment Trust's 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares
www.nasdaq.com - February 23 at 7:16 PM
finance.yahoo.com logoPREIT Reports Fourth Quarter 2016 Results; Introduces 2017 Guidance and Multi-Year Outlook
finance.yahoo.com - February 23 at 7:16 PM
finance.yahoo.com logoPennsylvania Real Estate reports 4Q results
finance.yahoo.com - February 23 at 7:16 PM
biz.yahoo.com logoQ4 2016 Pennsylvania Real Estate Investment Trust Earnings Release - After Market Close
us.rd.yahoo.com - February 23 at 9:09 AM
us.rd.yahoo.com logoPREIT Announces Ron Rubin Will Step Down As Chairman of the Board of Trustees
us.rd.yahoo.com - February 23 at 9:09 AM
biz.yahoo.com logoPENNSYLVANIA REAL ESTATE INVESTMENT TRUST Files SEC form 8-K, Other Events
biz.yahoo.com - February 23 at 9:09 AM
finance.yahoo.com logoPREIT Signs Burlington as Lead Tenant to Replace Sears at Magnolia Mall
finance.yahoo.com - February 16 at 6:45 PM
finance.yahoo.com logoPREIT Declares Quarterly Dividend for Common and Preferred Shares
finance.yahoo.com - February 16 at 6:45 PM

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Chart

Pennsylvania R.E.I.T. (PEI) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff