NYSE:PEIPennsylvania R.E.I.T. Stock Price, Forecast & News

Pennsylvania R.E.I.T.'s stock was trading at $1.18 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PEI shares have increased by 5.1% and is now trading at $1.24. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pennsylvania R.E.I.T. in the last year. There are currently 3 sell ratings for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Pennsylvania R.E.I.T..

Pennsylvania R.E.I.T. is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Pennsylvania R.E.I.T..

Pennsylvania R.E.I.T. (NYSE:PEI) issued its earnings results on Thursday, May, 21st. The real estate investment trust reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.25) by $0.01. The real estate investment trust earned $74.24 million during the quarter, compared to the consensus estimate of $82.84 million. Pennsylvania R.E.I.T. had a negative return on equity of 2.17% and a negative net margin of 2.88%. View Pennsylvania R.E.I.T.'s earnings history.

Pennsylvania R.E.I.T. announced a quarterly dividend on Tuesday, May 19th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.02 per share on Monday, June 15th. This represents a $0.08 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Friday, May 29th. View Pennsylvania R.E.I.T.'s dividend history.

3 brokers have issued 1 year price targets for Pennsylvania R.E.I.T.'s shares. Their forecasts range from $0.70 to $5.50. On average, they anticipate Pennsylvania R.E.I.T.'s stock price to reach $2.40 in the next twelve months. This suggests a possible upside of 93.5% from the stock's current price. View analysts' price targets for Pennsylvania R.E.I.T..

News stories about PEI stock have trended extremely negative on Wednesday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of 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 coverage optimism score of -4.3 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the near term. View the latest news about Pennsylvania R.E.I.T..

Pennsylvania R.E.I.T. saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 26,650,000 shares, a drop of 14.0% from the June 15th total of 30,990,000 shares. Based on an average daily trading volume, of 3,090,000 shares, the days-to-cover ratio is currently 8.6 days. Approximately 41.1% of the company's shares are short sold. View Pennsylvania R.E.I.T.'s Current Options Chain.

Some companies that are related to Pennsylvania R.E.I.T. include Realty Income (O), Simon Property Group (SPG), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Agree Realty (ADC), Taubman Centers (TCO), Weingarten Realty Investors (WRI), Retail Properties of America (RPAI), Alexander's (ALX), Macerich (MAC), Getty Realty (GTY), Retail Opportunity Investments (ROIC) and Acadia Realty Trust (AKR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pennsylvania R.E.I.T. investors own include CBL & Associates Properties (CBL), Washington Prime Group (WPG), NGL Energy Partners (NGL), Amplify Energy (AMPY), Amplify Energy (AMPY), New Residential Investment (NRZ), Chesapeake Energy (CHK), Summit Midstream Partners (SMLP), Golar LNG Partners (GMLP) and AMC Entertainment (AMC).

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

Pennsylvania R.E.I.T.'s stock is owned by a number of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.13%) and Financial Advisory Corp UT ADV (0.03%). Company insiders that own Pennsylvania R.E.I.T. stock include Andrew M Ioannou, Charles P Pizzi, Joanne A Epps, John Joseph Roberts, Joseph F Coradino, Leonard I Korman and Lisa M Most. View institutional ownership trends for Pennsylvania R.E.I.T..

PEI stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Financial Advisory Corp UT ADV. Company insiders that have bought Pennsylvania R.E.I.T. stock in the last two years include Andrew M Ioannou, Charles P Pizzi, Joanne A Epps, John Joseph Roberts, Joseph F Coradino, Leonard I Korman, and Lisa M Most. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of PEI stock can currently be purchased for approximately $1.24.

Pennsylvania R.E.I.T. has a market capitalization of $97.81 million and generates $336.79 million in revenue each year. The real estate investment trust earns $-10,870,000.00 in net income (profit) each year or $1.05 on an earnings per share basis. Pennsylvania R.E.I.T. employs 274 workers across the globe.

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

Pennsylvania R.E.I.T.'s mailing address is 2005 MARKET STREET SUITE 1000, PHILADELPHIA PA, 19103. The real estate investment trust can be reached via phone at 215-875-0700 or via email at [email protected]