About Pennsylvania R.E.I.T. (NYSE:PEI)
Pennsylvania 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
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:PEI
CUSIP70910210
Phone215-875-0700
Debt
Debt-to-Equity Ratio2.18%
Current Ratio0.87%
Quick Ratio0.87%
Price-To-Earnings
Trailing P/E Ratio5.37
Forward P/E Ratio5.75
P/E GrowthN/A
Sales & Book Value
Annual Sales$367.49 million
Price / Sales1.71
Cash Flow$1.4256 per share
Price / Cash6.25
Book Value$10.88 per share
Price / Book0.82
Profitability
EPS (Most Recent Fiscal Year)$1.67
Net Income$-29,340,000.00
Net Margins-7.99%
Return on Equity-3.60%
Return on Assets-1.13%
Miscellaneous
Employees297
Outstanding Shares70,370,000
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. announced a quarterly dividend on Tuesday, February 13th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.21 per share on Thursday, March 15th. This represents a $0.84 dividend on an annualized basis and a yield of 9.43%. The ex-dividend date is Wednesday, 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) released its earnings results on Wednesday, February, 14th. The real estate investment trust reported ($0.05) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.48 by $0.53. The real estate investment trust had revenue of $97.97 million for the quarter, compared to analysts' expectations of $93.85 million. Pennsylvania R.E.I.T. had a negative net margin of 7.99% and a negative return on equity of 3.60%. View Pennsylvania R.E.I.T.'s Earnings History.
When is Pennsylvania R.E.I.T.'s next earnings date?
What guidance has Pennsylvania R.E.I.T. issued on next quarter's earnings?
Pennsylvania R.E.I.T. updated its FY18 earnings guidance on Wednesday, February, 14th. The company provided EPS guidance of $1.50-1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.69.
What price target have analysts set for PEI?
7 analysts have issued 1-year price objectives for Pennsylvania R.E.I.T.'s shares. Their forecasts range from $10.00 to $12.00. On average, they anticipate Pennsylvania R.E.I.T.'s share price to reach $10.75 in the next year. 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. Boenning Scattergood analysts commented, "We reiterate our Neutral rating as PEI’s discounted valuation carries elevated financial risk in the eyes of many investors." (2/16/2018)
- 2. 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. " (1/11/2018)
Who are some of Pennsylvania R.E.I.T.'s key competitors?
Some companies that are related to Pennsylvania R.E.I.T. include Kite Realty Group Trust (KRG), Global Net Lease (GNL), Monmouth Real Estate Investment (MNR), TPG Real Estate Finance Trust (TRTX), Redwood Trust (RWT), Washington Prime Group (WPG), Saul Centers (BFS), Pennymac Mortgage Investment (PMT), KKR Real Estate Finance Trust (KREF), Hannon Armstrong (HASI), CYS Investments (CYS), CareTrust REIT (CTRE), ARMOUR Residential REIT (ARR), Ramco-Gershenson Properties Trust (RPT), Easterly Government Properties (DEA), InfraREIT (HIFR), TIER REIT (TIER) and Chatham Lodging (CLDT).
Who are Pennsylvania R.E.I.T.'s key executives?
Pennsylvania R.E.I.T.'s management team includes the folowing people:
- Joseph F. Coradino, Chairman of the Board of Trustees, Chief Executive Officer (Age 65)
- Robert F. McCadden, Chief Financial Officer, Executive Vice President (Age 59)
- Andrew M. Ioannou, Executive Vice President - Finance and Acquisitions, Treasurer (Age 42)
- Jonathen Bell, Senior Vice President, Chief Accounting Officer (Age 49)
- Mario C. Ventresca Jr., Executive Vice President - Operations of PREIT Services, LLC (Age 50)
- Michael J. DeMarco, Independent Trustee (Age 47)
- JoAnne Epps, Independent Trustee
- Leonard I. Korman, Independent Trustee (Age 81)
- Mark E. Pasquerilla, Independent Trustee (Age 57)
- Charles P. Pizzi, Independent Trustee (Age 66)
Has Pennsylvania R.E.I.T. been receiving favorable news coverage?
Media coverage about PEI stock has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pennsylvania R.E.I.T. earned a media sentiment score of 0.16 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 44.54 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
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 $8.91.
How big of a company is Pennsylvania R.E.I.T.?
Pennsylvania R.E.I.T. has a market capitalization of $631.94 million and generates $367.49 million in revenue each year. The real estate investment trust earns $-29,340,000.00 in net income (profit) each year or $1.67 on an earnings per share basis. Pennsylvania R.E.I.T. employs 297 workers across the globe.
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. (PEI)
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.
Pennsylvania R.E.I.T. (NYSE:PEI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Pennsylvania R.E.I.T. in the last 12 months. Their average twelve-month price target is $10.75, suggesting that the stock has a possible upside of 20.65%. The high price target for PEI is $12.00 and the low price target for PEI is $10.00. There are currently 2 sell ratings and 5 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.71 | 1.67 | 1.71 | 1.86 |
| Ratings Breakdown: | 2 Sell Rating(s)
5 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
5 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $10.75 | $10.90 | $12.1667 | $13.9167 |
| Price Target Upside: | 20.65% upside | 8.78% upside | 6.26% upside | 32.92% upside |
Pennsylvania R.E.I.T. (NYSE:PEI) Consensus Price Target History
Pennsylvania R.E.I.T. (NYSE:PEI) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
Pennsylvania R.E.I.T. (NYSE:PEI) Dividend Information
Pennsylvania R.E.I.T. pays an annual dividend of $0.84 per share, with a dividend yield of 9.43%. PEI's most recent quarterly dividend payment was Thursday, March 15. Pennsylvania R.E.I.T. pays out 50.30% of its earnings out as a dividend.
| Most Recent Dividend: | 3/15/2018 |
| Annual Dividend: | $0.84 |
| Dividend Yield: | 9.43% |
| Dividend Growth: | 1.60% (3 Year Average) |
| Payout Ratio: | 50.30% (Trailing 12 Months of Earnings)
54.19% (Based on This Year's Estimates)
52.17% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Pennsylvania R.E.I.T. (NYSE:PEI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/13/2018 | quarterly | $0.21 | 8.41% | 2/28/2018 | 3/1/2018 | 3/15/2018 |
| 10/19/2017 | quarterly | $0.21 | 8.01% | 11/30/2017 | 12/1/2017 | 12/15/2017 |
| 6/2/2017 | quarterly | $0.21 | 7.66% | 8/30/2017 | 9/1/2017 | 9/15/2017 |
| 4/21/2017 | quarterly | $0.21 | 5.54% | 5/30/2017 | 6/1/2017 | 6/15/2017 |
| 2/17/2017 | quarterly | $0.21 | 4.87% | 2/27/2017 | 3/1/2017 | 3/15/2017 |
| 10/31/2016 | Quarterly | $0.21 | | 11/29/2016 | 12/1/2016 | 12/15/2016 |
| 7/22/2016 | Quarterly | $0.21 | | 8/30/2016 | 9/1/2016 | 9/15/2016 |
| 5/9/2016 | Quarterly | $0.21 | | 5/27/2016 | 6/1/2016 | 6/15/2016 |
| 2/11/2016 | Quarterly | $0.21 | | 2/26/2016 | 3/1/2016 | 3/15/2016 |
| 10/26/2015 | Quarterly | $0.21 | | 11/27/2015 | 12/1/2015 | 12/15/2015 |
| 7/23/2015 | | $0.21 | | 8/28/2015 | 9/1/2015 | 9/15/2015 |
| 5/21/2015 | quarterly | $0.21 | 3.68% | 5/28/2015 | 6/1/2015 | 6/15/2015 |
| 2/13/2015 | quarterly | $0.21 | 3.42% | 2/26/2015 | 3/2/2015 | 3/16/2015 |
| 11/21/2014 | quarterly | $0.20 | 3.46% | 11/26/2014 | 12/1/2014 | 12/15/2014 |
| 7/18/2014 | quarterly | $0.20 | 4.15% | 8/28/2014 | 9/2/2014 | 9/16/2014 |
| 4/2/2014 | quarterly | $0.20 | 4.42% | 5/29/2014 | 6/2/2014 | 6/16/2014 |
| 2/13/2014 | quarterly | $0.20 | 4.23% | 2/27/2014 | 3/3/2014 | 3/17/2014 |
| 11/6/2013 | quarterly | $0.20 | 4.6% | 11/27/2013 | 12/2/2013 | 12/16/2013 |
| 7/23/2013 | quarterly | $0.18 | 3.46% | 8/28/2013 | 8/30/2013 | 9/16/2013 |
| 5/16/2013 | quarterly | $0.18 | 3.36% | 5/29/2013 | 5/31/2013 | 6/17/2013 |
| 2/21/2013 | quarterly | $0.18 | 3.8% | 2/28/2013 | 3/4/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Pennsylvania R.E.I.T. (NYSE PEI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.40%
Pennsylvania R.E.I.T. (NYSE PEI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 6/19/2017 | Robert F. Mccadden | CFO | Buy | 10,000 | $10.88 | $108,800.00 | |  |
| 6/13/2017 | Joseph F. Coradino | CEO | Buy | 10,000 | $11.57 | $115,700.00 | | |
| 6/12/2017 | George J Alburger Jr | Director | Buy | 5,000 | $11.78 | $58,900.00 | 5,000 | |
| 5/30/2017 | John Joseph Roberts | Director | Buy | 10,000 | $10.76 | $107,600.00 | 33,060 | |
| 6/9/2016 | Andrew M Ioannou | EVP | Sell | 10,000 | $22.27 | $222,700.00 | 46,156 | |
| 6/9/2016 | Joseph F Coradino | CEO | Sell | 33,000 | $22.29 | $735,570.00 | 324,056 | |
| 6/6/2016 | Joseph F Coradino | CEO | Sell | 33,000 | $21.25 | $701,250.00 | 347,196 | |
| 3/18/2016 | Rosemarie B Greco | Director | Sell | 5,412 | $21.36 | $115,600.32 | 10,477 | |
| 11/3/2015 | Jonathen Bell | CAO | Sell | 5,000 | $22.67 | $113,350.00 | 38,197 | |
| 8/19/2015 | Andrew M Ioannou | EVP | Sell | 10,000 | $21.65 | $216,500.00 | 46,515 | |
(Data available from 1/1/2013 forward)
Pennsylvania R.E.I.T. (NYSE PEI) News Headlines
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Pennsylvania R.E.I.T. (NYSE:PEI) SEC Filings
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Pennsylvania R.E.I.T. (NYSE:PEI) Income Statement, Balance Sheet and Cash Flow Statement
Pennsylvania R.E.I.T. (NYSE PEI) Stock Chart for Monday, April, 23, 2018
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