Pennsylvania Real Estate Investment Trust Company Profile (NYSE:PEI)

About Pennsylvania Real Estate Investment Trust

Pennsylvania Real Estate Investment Trust logoPennsylvania Real Estate Investment Trust (PREIT) is an integrated, self-managed and self-administered real estate investment trust (REIT). The Company has a primary investment focus on retail shopping malls located in the eastern half of the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Company's portfolio of properties includes Premier Malls, Core Growth Malls and Non Core Malls. It owns interests in approximately 33 retail properties, of which over 29 are operating properties and over four are development properties. Its operating properties include over 25 shopping malls and over four other retail properties, have a total of approximately 24.3 million square feet and are located in over 10 states. It provides management, leasing and real estate development services through its PREIT Services, LLC (PREIT Services) and PREIT-RUBIN, Inc. (PRI).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Retail
  • Sub-Industry: Retail REITs
  • Exchange: NYSE
  • Symbol: PEI
  • CUSIP: 70910210
Key Metrics:
  • Previous Close: $17.27
  • 50 Day Moving Average: $18.28
  • 200 Day Moving Average: $21.05
  • 52-Week Range: $16.73 - $25.67
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 46.62
  • P/E Growth: 101.47
  • Market Cap: $1.20B
  • Outstanding Shares: 69,538,000
  • Beta: 1.48
Profitability:
  • 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%
Additional Links:
Companies Related to Pennsylvania Real Estate Investment Trust:

Analyst Ratings

Consensus Ratings for Pennsylvania Real Estate Investment Trust (NYSE:PEI) (?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.20)
Consensus Price Target: $22.40 (29.86% upside)

Analysts' Ratings History for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
Show:
DateFirmActionRatingPrice TargetDetails
2/15/2017Barclays PLCReiterated RatingSellView Rating Details
1/19/2017SunTrust Banks, Inc.DowngradeBuy -> Hold$20.00View Rating Details
12/12/2016Stifel NicolausDowngradeBuy -> Hold$27.00 -> $22.00View Rating Details
4/6/2016Boenning ScattergoodUpgradeNeutral -> Outperform$30.00View Rating Details
4/4/2016Mitsubishi UFJ Financial GroupInitiated CoverageOverweight$24.00View Rating Details
5/11/2015Citigroup Inc.Boost Price TargetNeutral$23.00 -> $24.00View Rating Details
(Data available from 2/20/2015 forward)

Earnings

Earnings History for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/21/2017        
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 Real Estate Investment Trust (NYSE:PEI)
Current Year EPS Consensus Estimate: $0.17 EPS
Next Year EPS Consensus Estimate: $0.37 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20162$0.40$0.42$0.41
Q3 20162$0.44$0.44$0.44
Q4 20162$0.54$0.56$0.55
Q1 20171$0.39$0.39$0.39
Q2 20171$0.38$0.38$0.38
Q3 20171$0.42$0.42$0.42
Q4 20171$0.51$0.51$0.51
Q1 20181$0.45$0.45$0.45
Q2 20181$0.46$0.46$0.46
Q3 20181$0.52$0.52$0.52
Q4 20181$0.61$0.61$0.61
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
Annual Dividend:$0.84
Dividend Yield:4.87%
Dividend Growth:4.30% (3 Year Average)
Payout Ratio:-133.33% (Based on Trailing 12 Months of Earnings)
494.12% (Based on Current Year Consensus EPS Estimate)
227.03% (Based on Next Year Consensus EPS Estimate)
Track Record:5 Years of Consecutive Dividend Growth

Dividend History for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
Insider Ownership Percentage: 4.40%
Institutional Ownership Percentage: 93.69%
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

Latest Headlines for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
DateHeadline
News IconPrice Target Review on Pennsylvania Real Estate Investment Trust (NYSE:PEI) (NYSE:PEI)
eleganthomesinla.com - February 18 at 11:39 AM
News IconCanadian Real Estate Investment Trust Announces February 2017 Distribution (NYSE:PEI)
ekosvoice.com - February 17 at 4:50 PM
finance.yahoo.com logoPREIT Signs Burlington as Lead Tenant to Replace Sears at Magnolia Mall (NYSE:PEI)
finance.yahoo.com - February 16 at 6:45 PM
finance.yahoo.com logoPREIT Declares Quarterly Dividend for Common and Preferred Shares (NYSE:PEI)
finance.yahoo.com - February 16 at 6:45 PM
us.rd.yahoo.com logoPREIT Announces High-Impact Transformation Plan for Woodland Mall Driven By Addition of Von Maur (NYSE:PEI)
us.rd.yahoo.com - February 10 at 1:57 AM
us.rd.yahoo.com logoPREIT Signs DICK's Sporting Goods as Lead Tenant to Replace Sears at Capital City Mall (NYSE:PEI)
us.rd.yahoo.com - February 6 at 9:09 AM
us.rd.yahoo.com logo7:32 am Pennsylvania R.E.I.T. reaches agreement w/ Sears (SHLD (NYSE:PEI)
us.rd.yahoo.com - February 6 at 9:09 AM
finance.yahoo.com logoPENNSYLVANIA REAL ESTATE INVESTMENT TRUST Financials (NYSE:PEI)
finance.yahoo.com - February 4 at 7:12 PM
News IconStock On the Run: Pennsylvania Real Estate Investment Trust (NYSE:PEI) (NYSE:PEI)
mlbinjurynews.com - February 3 at 7:58 PM
biz.yahoo.com logoPENNSYLVANIA REAL ESTATE INVESTMENT TRUST Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistere (NYSE:PEI)
us.rd.yahoo.com - January 28 at 5:37 AM
nasdaq.com logoPennsylvania Real Estate Investment Trust Becomes Oversold (NYSE:PEI)
www.nasdaq.com - January 27 at 12:39 AM
4-traders.com logoPENNSYLVANIA REAL ESTATE INVESTMENT TRUST : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) (NYSE:PEI)
www.4-traders.com - January 23 at 7:32 PM
biz.yahoo.com logoPENNSYLVANIA REAL ESTATE INVESTMENT TRUST Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial S (NYSE:PEI)
biz.yahoo.com - January 23 at 7:32 PM
seekingalpha.com logoPREIT Preferred - Over 7% From This Mall REIT (NYSE:PEI)
seekingalpha.com - January 21 at 1:00 AM
News IconMonmouth Real Estate Investment Corporation (NYSE:MNR) Under Analyst Spotlight (NYSE:PEI)
mjbstar.com - January 21 at 1:00 AM
us.rd.yahoo.com logoPennsylvania R.E.I.T. downgraded by SunTrust (NYSE:PEI)
us.rd.yahoo.com - January 20 at 7:58 PM
finance.yahoo.com logoPREIT Prices Preferred Share Offering (NYSE:PEI)
finance.yahoo.com - January 18 at 7:45 PM
feeds.reuters.com logoBRIEF-Pennsylvania REIT prices preferred share offering (NYSE:PEI)
feeds.reuters.com - January 18 at 7:00 PM
4-traders.com logoPENNSYLVANIA REAL ESTATE INVESTMENT TRUST : Other Events, Financial Statements and Exhibits (form 8-K) (NYSE:PEI)
www.4-traders.com - January 18 at 8:41 AM
biz.yahoo.com logoPENNSYLVANIA REAL ESTATE INVESTMENT TRUST Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:PEI)
biz.yahoo.com - January 18 at 8:41 AM
finance.yahoo.com logoPREIT Announces Sale of Two Remaining Non-Core Malls (NYSE:PEI)
finance.yahoo.com - January 17 at 7:32 PM
finance.yahoo.com logoPREIT Reports Tax Status of 2016 Distributions (NYSE:PEI)
finance.yahoo.com - January 17 at 7:32 PM
feeds.reuters.com logoBRIEF-PREIT announces sale of two remaining non-core malls (NYSE:PEI)
feeds.reuters.com - January 17 at 6:21 PM
capitalcube.com logoETFs with exposure to Pennsylvania Real Estate Investment Trust : January 12, 2017 (NYSE:PEI)
www.capitalcube.com - January 12 at 7:47 PM
us.rd.yahoo.com logoPREIT Comments on Macy's Planned Store Closings (NYSE:PEI)
us.rd.yahoo.com - January 6 at 4:59 AM
capitalcube.com logoPennsylvania Real Estate Investment Trust breached its 50 day moving average in a Bullish Manner : PEI-US : January 5, 2017 (NYSE:PEI)
us.rd.yahoo.com - January 6 at 4:59 AM
publicnow.com logoPREIT Announces Plans to Recapture Three Sears Stores (NYSE:PEI)
www.publicnow.com - January 4 at 7:58 PM
News IconGranite Real Estate Investment Trust (GRT.UN) PT Raised to C$47.50 (NYSE:PEI)
prensariotiretail.com - January 1 at 9:16 AM
News IconBlackRock Advisors LLC Increases Stake in Pennsylvania Real Estate Investment Trust (PEI) (NYSE:PEI)
avauncer.com - December 24 at 8:44 AM
thestreet.com logoFebruary 2017 Options Now Available For Pennsylvania Real Estate Investment Trust (PEI) (NYSE:PEI)
www.thestreet.com - December 20 at 6:42 PM
publicnow.com logoPREIT Schedules Fourth Quarter 2016 Earnings Release and Conference Call (NYSE:PEI)
www.publicnow.com - December 16 at 7:57 PM
News IconAllied Properties Real Estate Investment (AP.UN) Given Outperform Rating at Scotiabank (NYSE:PEI)
thecelebritytruth.com - December 12 at 7:20 PM
marketexclusive.com logoAnalyst Downgrades – Pennsylvania Real Estate Investment Trust (NYSE:PEI) Stock Gets Downgraded By Stifel Nicolaus from Buy to Hold (NYSE:PEI)
marketexclusive.com - December 12 at 7:20 PM
News IconPennsylvania Real Estate Investment Trust (NYSE:PEI) Downgrade (NYSE:PEI)
www.whatsonthorold.com - December 12 at 7:20 PM
finance.yahoo.com logoPennsylvania R.E.I.T. downgraded by Stifel (NYSE:PEI)
finance.yahoo.com - December 12 at 9:45 AM
capitalcube.com logoETFs with exposure to Pennsylvania Real Estate Investment Trust : December 8, 2016 (NYSE:PEI)
www.capitalcube.com - December 8 at 7:36 PM
bizjournals.com logoBeaver Valley Mall under agreement to be sold (NYSE:PEI)
www.bizjournals.com - December 5 at 7:06 PM
capitalcube.com logoPennsylvania Real Estate Investment Trust :PEI-US: Earnings Analysis: Q3, 2016 By the Numbers : November 17, 2016 (NYSE:PEI)
www.capitalcube.com - November 17 at 6:30 PM
finance.yahoo.com logoPREIT Adds ULTA Beauty and DSW at Mall at Prince Georges (NYSE:PEI)
finance.yahoo.com - November 17 at 10:43 AM
nasdaq.com logoPennsylvania Real Estate Investment's Series B Preferred Shares Cross 7.5% Yield Mark (NYSE:PEI)
www.nasdaq.com - November 15 at 7:24 PM
publicnow.com logoPREIT Continues Redevelopment of Mall at Prince Georges With Additions of ULTA Beauty and DSW (NYSE:PEI)
www.publicnow.com - November 14 at 7:01 PM
seekingalpha.com logoPennsylvania Real Estate Investment Trust 2016 Q3 - Results - Earnings Call Slides (NYSE:PEI)
seekingalpha.com - November 5 at 6:41 PM
finance.yahoo.com logoEdited Transcript of PEI earnings conference call or presentation 3-Nov-16 3:00pm GMT (NYSE:PEI)
finance.yahoo.com - November 4 at 10:28 AM
publicnow.com logoPREIT Reports Third Quarter 2016 Results Highlighted by Standout Operating Metrics and Increased Guidance (NYSE:PEI)
www.publicnow.com - November 2 at 7:02 PM
finance.yahoo.com logo5:07 pm Pennsylvania R.E.I.T. beats by $0.04, reports revs in-line; guides FY16 FFO in-line (NYSE:PEI)
finance.yahoo.com - November 2 at 7:02 PM
biz.yahoo.com logoQ3 2016 Pennsylvania Real Estate Investment Trust Earnings Release - After Market Close (NYSE:PEI)
biz.yahoo.com - November 2 at 10:21 AM
4-traders.com logoPREIT : Declares Quarterly Dividend for Common and Preferred Shares (NYSE:PEI)
www.4-traders.com - October 28 at 6:33 PM
finance.yahoo.com logoPREIT Continues Strategic Portfolio Repositioning With Addition of In-Demand Retailers (NYSE:PEI)
finance.yahoo.com - October 28 at 10:31 AM
News IconAgellan Commercial Real Estate Investment Trust Announces October 2016 Monthly Distribution (NYSE:PEI)
crcconnection.com - October 20 at 7:00 PM
bizjournals.com logo​For one (now closed) Springfield Town Center restaurant, things just never clicked (NYSE:PEI)
www.bizjournals.com - October 7 at 6:26 PM

Social

What is Pennsylvania Real Estate Investment Trust's stock symbol?

Pennsylvania Real Estate Investment Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PEI."

How often does Pennsylvania Real Estate Investment Trust pay dividends? What is the dividend yield for Pennsylvania Real Estate Investment Trust?

Pennsylvania Real Estate Investment Trust announced a quarterly dividend on Friday, February 17th. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.21 per share on Wednesday, March 15th. This represents a $0.84 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend is Monday, February 27th.

Where is Pennsylvania Real Estate Investment Trust's stock going? Where will Pennsylvania Real Estate Investment Trust's stock price be in 2017?

5 analysts have issued 1 year price objectives for Pennsylvania Real Estate Investment Trust's stock. Their predictions range from $16.00 to $30.00. On average, they expect Pennsylvania Real Estate Investment Trust's share price to reach $22.40 in the next year.

When will Pennsylvania Real Estate Investment Trust announce their earnings?

Pennsylvania Real Estate Investment Trust is scheduled to release their next quarterly earnings announcement on Tuesday, February, 21st 2017.

Who owns Pennsylvania Real Estate Investment Trust stock?

Pennsylvania Real Estate Investment Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include FMR LLC (5.22%), State Street Corp (3.67%), Renaissance Technologies LLC (1.43%), Dimensional Fund Advisors LP (1.39%), Heitman Real Estate Securities LLC (1.17%) and Russell Investments Group Ltd. (0.47%). Company insiders that own Pennsylvania Real Estate Investment Trust stock include Andrew M Ioannou, Jonathen Bell, Joseph F Coradino and Rosemarie B Greco.

Who sold Pennsylvania Real Estate Investment Trust stock? Who is selling Pennsylvania Real Estate Investment Trust stock?

Pennsylvania Real Estate Investment Trust's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Heitman Real Estate Securities LLC, Renaissance Technologies LLC, Two Sigma Investments LP, Asset Management One Co. Ltd., Guggenheim Capital LLC, Dimensional Fund Advisors LP and AQR Capital Management LLC. Company insiders that have sold Pennsylvania Real Estate Investment Trust stock in the last year include Andrew M Ioannou, Joseph F Coradino and Rosemarie B Greco.

Who bought Pennsylvania Real Estate Investment Trust stock? Who is buying Pennsylvania Real Estate Investment Trust stock?

Pennsylvania Real Estate Investment Trust's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., A.R.T. Advisors LLC, Envestnet Asset Management Inc., Cornercap Investment Counsel Inc., Tudor Investment Corp Et Al, State Street Corp, Independent Order of Foresters and Comerica Bank.

How do I buy Pennsylvania Real Estate Investment Trust stock?

Shares of Pennsylvania Real Estate Investment Trust 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 Real Estate Investment Trust stock cost?

One share of Pennsylvania Real Estate Investment Trust stock can currently be purchased for approximately $17.25.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Chart for Monday, February, 20, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

Earnings History Chart

Earnings by Quarter for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

Dividend History Chart

Dividend Payments by Quarter for Pennsylvania Real Estate Investment Trust (NYSE:PEI)

Last Updated on 2/20/2017 by MarketBeat.com Staff