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:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:PEI
- CUSIP: 70910210
- Web: www.preit.com
- Market Cap: $692.69 million
- Outstanding Shares: 69,827,000
- 50 Day Moving Avg: $10.65
- 200 Day Moving Avg: $12.23
- 52 Week Range: $9.75 - $24.14
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 5.60
- P/E Growth: -14.38
- Annual Revenue: $392.34 million
- Price / Sales: 1.77
- Book Value: $9.11 per share
- Price / Book: 1.09
- Annual Dividend: $0.84
- Dividend Yield: 8.5%
- EBIDTA: $217.76 million
- Net Margins: -18.13%
- Return on Equity: -9.06%
- Return on Assets: -2.66%
- Debt-to-Equity Ratio: 2.11%
- Current Ratio: 0.74%
- Quick Ratio: 0.74%
- Average Volume: 1.57 million shs.
- Beta: 1.24
- Short Ratio: 9.73
Frequently Asked Questions for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
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 declared a quarterly dividend on Friday, June 2nd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.21 per share on Friday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date is Wednesday, August 30th. View Pennsylvania Real Estate Investment Trust's Dividend History.
How were Pennsylvania Real Estate Investment Trust's earnings last quarter?
Pennsylvania Real Estate Investment Trust (NYSE:PEI) issued its quarterly earnings data on Tuesday, August, 8th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The firm earned $89.25 million during the quarter, compared to analysts' expectations of $95.60 million. Pennsylvania Real Estate Investment Trust had a negative return on equity of 9.06% and a negative net margin of 18.13%. Pennsylvania Real Estate Investment Trust's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. View Pennsylvania Real Estate Investment Trust's Earnings History.
When will Pennsylvania Real Estate Investment Trust make its next earnings announcement?
What guidance has Pennsylvania Real Estate Investment Trust issued on next quarter's earnings?
Pennsylvania Real Estate Investment Trust updated its FY17 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $1.66 - $1.72 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.67.
Where is Pennsylvania Real Estate Investment Trust's stock going? Where will Pennsylvania Real Estate Investment Trust's stock price be in 2017?
7 analysts have issued 12 month price targets for Pennsylvania Real Estate Investment Trust's shares. Their forecasts range from $11.00 to $20.00. On average, they anticipate Pennsylvania Real Estate Investment Trust's stock price to reach $14.08 in the next twelve months. View Analyst Ratings for Pennsylvania Real Estate Investment Trust.
Who are some of Pennsylvania Real Estate Investment Trust's key competitors?
Some companies that are related to Pennsylvania Real Estate Investment Trust include Heartland Financial USA (HTLF), Fortress Transportation and Infrastructure Investors LLC (FTAI), First Busey Corporation (BUSE), S&T Bancorp (STBA), Saul Centers (BFS), CYS Investments (CYS), Apollo Investment Corporation (AINV), Boston Private Financial Holdings (BPFH), PRA Group (PRAA), First Commonwealth Financial Corporation (FCF), New York REIT (NYRT), MBIA (MBI), Hannon Armstrong Sustainable Infrastructure Capital (HASI), St. Joe Company (The) (JOE), 1st Source Corporation (SRCE), National Western Life Group (NWLI), Redwood Trust (RWT) and WisdomTree Investments (WETF).
Who are Pennsylvania Real Estate Investment Trust's key executives?
Pennsylvania Real Estate Investment Trust's management team includes the folowing people:
- Joseph F. Coradino, Chairman of the Board of Trustees, Chief Executive Officer
- Robert F. McCadden, Chief Financial Officer, Executive Vice President
- Andrew M. Ioannou, Executive Vice President - Finance and Acquisitions, Treasurer
- Bruce Goldman, Executive Vice President, General Counsel, Secretary
- Jonathen Bell, Senior Vice President, Chief Accounting Officer
- Mario C. Ventresca Jr., Executive Vice President - Operations of PREIT Services, LLC
- Michael J. DeMarco, Independent Trustee
- Leonard I. Korman, Independent Trustee
- Mark E. Pasquerilla, Independent Trustee
- Charles P. Pizzi, Independent Trustee
Who owns Pennsylvania Real Estate Investment Trust stock?
Pennsylvania Real Estate Investment Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (16.47%), BlackRock Inc. (14.90%), State Street Corp (3.84%), Northern Trust Corp (3.20%), KRV Capital LP (2.26%) and Balyasny Asset Management LLC (2.24%). Company insiders that own Pennsylvania Real Estate Investment Trust stock include Andrew M Ioannou, George J Alburger Jr, John Joseph Roberts, Jonathen Bell, Joseph F Coradino, Robert F Mccadden and Rosemarie B Greco. View Institutional Ownership Trends for Pennsylvania Real Estate Investment Trust.
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, Numeric Investors LLC, Uniplan Investment Counsel Inc., Neuberger Berman Group LLC, Employees Retirement System of Texas, Bank of New York Mellon Corp, Nisa Investment Advisors LLC and KRV Capital LP. View Insider Buying and Selling for Pennsylvania Real Estate Investment Trust.
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 acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Balyasny Asset Management LLC, King Street Capital Management L.P., Presima Inc., Sei Investments Co., Principal Financial Group Inc., Victory Capital Management Inc. and BlackRock Inc.. Company insiders that have bought Pennsylvania Real Estate Investment Trust 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 Real Estate Investment Trust.
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.
What is Pennsylvania Real Estate Investment Trust's stock price today?
MarketBeat Community Rating for Pennsylvania Real Estate Investment Trust (NYSE PEI)MarketBeat's community ratings are surveys of what our community members think about Pennsylvania Real Estate Investment Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Pennsylvania Real Estate Investment Trust stock can currently be purchased for approximately $9.92.
Consensus Ratings for Pennsylvania Real Estate Investment Trust (NYSE:PEI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 6 Hold Ratings|
|Consensus Rating:||Hold (Score: 1.86)|
|Consensus Price Target: ||$14.08 (41.97% upside)|
Analysts' Ratings History for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
(Data available from 9/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/10/2017||Stifel Nicolaus||Set Price Target||Hold||$11.00||Low|
|9/6/2017||Boenning Scattergood||Reiterated Rating||Hold||Low|
|8/24/2017||Mitsubishi UFJ Financial Group||Downgrade||Overweight -> Neutral||$16.00 -> $12.00||Medium|
|8/15/2017||Barclays PLC||Lower Price Target||Underweight||$12.00 -> $11.00||Low|
|8/14/2017||Citigroup Inc.||Lower Price Target||Neutral||$13.50 -> $12.50||Low|
|3/22/2017||J P Morgan Chase & Co||Lower Price Target||Neutral||$20.00 -> $18.00||High|
|1/19/2017||SunTrust Banks, Inc.||Downgrade||Buy -> Hold||$20.00||N/A|
Earnings History for Pennsylvania Real Estate Investment Trust (NYSE:PEI)Earnings History by Quarter for Pennsylvania Real Estate Investment Trust (NYSE PEI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q2 2017||$0.37||$0.39||$95.60 million||$89.25 million||View||Listen|
|4/25/2017||Q1 2017||$0.37||$0.35||$97.98 million||$89.26 million||View||N/A|
|2/23/2017||Q416||$0.15||$0.57||$63.37 million||$104.86 million||View||N/A|
|7/26/2016||Q216||$0.41||$0.43||$68.46 million||$94.30 million||View||N/A|
|4/26/2016||Q116||$0.43||$0.42||$71.89 million||$101.90 million||View||N/A|
|2/23/2016||Q415||$0.57||$0.60||$73.76 million||$116.62 million||View||Listen|
|10/27/2015||Q315||$0.47||$0.49||$68.69 million||$68.40 million||View||Listen|
|7/28/2015||Q215||$0.42||$0.39||$67.38 million||$101.69 million||View||Listen|
|4/28/2015||Q115||$0.39||$0.40||$70.90 million||$100.00 million||View||N/A|
|2/17/2015||Q414||$0.59||$0.61||$74.20 million||$111.35 million||View||N/A|
|10/28/2014||Q314||$0.51||$0.49||$72.90 million||$105.14 million||View||N/A|
|7/29/2014||Q214||$0.46||$0.47||$72.44 million||$106.83 million||View||N/A|
|4/23/2014||Q114||$0.46||$0.40||$85.16 million||$109.39 million||View||N/A|
|2/18/2014||Q413||$0.58||$0.59||$73.37 million||$119.40 million||View||N/A|
|10/28/2013||Q313||$0.44||$0.45||$87.95 million||$111.49 million||View||N/A|
|7/23/2013||Q2 2013||$0.38||$0.42||$113.86 million||View||N/A|
|4/22/2013||Q113||$0.44||$0.44||$71.81 million||$105.98 million||View||N/A|
Earnings Estimates for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
2017 EPS Consensus Estimate: $1.69
2018 EPS Consensus Estimate: $1.86
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
|Most Recent Dividend:||9/15/2017|
|Dividend Growth:||4.30% (3 Year Average)|
|Payout Ratio:||-64.12% (Trailing 12 Months of Earnings) |
50.60% (Based on This Year's Estimates)
47.46% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Pennsylvania Real Estate Investment Trust (NYSE PEI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
Insider Ownership Percentage: 4.40%Insider Trades by Quarter for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
Institutional Ownership Percentage: 98.97%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total 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|| |
|5/30/2017||John Joseph Roberts||Director||Buy||10,000||$10.76||$107,600.00|| |
|6/9/2016||Andrew M Ioannou||EVP||Sell||10,000||$22.27||$222,700.00|| |
|6/9/2016||Joseph F Coradino||CEO||Sell||33,000||$22.29||$735,570.00|| |
|6/6/2016||Joseph F Coradino||CEO||Sell||33,000||$21.25||$701,250.00|| |
|3/18/2016||Rosemarie B Greco||Director||Sell||5,412||$21.36||$115,600.32|| |
|11/3/2015||Jonathen Bell||CAO||Sell||5,000||$22.67||$113,350.00|| |
|8/19/2015||Andrew M Ioannou||EVP||Sell||10,000||$21.65||$216,500.00|| |
Headline Trends for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
Latest Headlines for Pennsylvania Real Estate Investment Trust (NYSE:PEI)
Pennsylvania Real Estate Investment Trust (PEI) Chart for Friday, September, 22, 2017