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NYSE:PEI

Pennsylvania Real Estate Investment Trust Stock Forecast, Price & News

$1.93
+0.11 (+6.04 %)
(As of 03/3/2021 05:09 PM ET)
Add
Compare
Today's Range
$1.84
Now: $1.93▼
$1.99
50-Day Range
$1.02
MA: $2.11▼
$2.65
52-Week Range
$0.36
Now: $1.93▼
$2.93
Volume1.60 million shs
Average Volume3.39 million shs
Market Capitalization$153.51 million
P/E RatioN/A
Dividend YieldN/A
Beta3
PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely-populated eastern U.S. with concentrations in the mid-Atlantic's top MSAs. Since 2012, the Company has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures.
Pennsylvania Real Estate Investment Trust logo

Headlines

PREIT Schedules Fourth Quarter 2020 Earnings Release and Conference Call
February 25, 2021 |  finance.yahoo.com
PREIT Launches Initiative to "Support Black-Owned Business and Brands 365"
February 22, 2021 |  finance.yahoo.com
PREIT Completes Key Step in Financial Restructuring, Extending Maturity Date of Mortgage Loan Secured by Woodland Mall
February 11, 2021 |  finance.yahoo.com
The Short Squeeze Could Be Ending for These 3 Stocks
January 29, 2021 |  finance.yahoo.com
A Rational Look At Pennsylvania Real Estate Investment Trust In An Irrational Trading Market
January 22, 2021 |  seekingalpha.com
PREIT Sets Stage for Next Phase of Evolution with Approval of 1,065 Apartment Units at Moorestown Mall
January 19, 2021 |  finance.yahoo.com
PREIT Regains Compliance with NYSE Continued Listing Standards
January 5, 2021 |  finance.yahoo.com
PREIT Reports Third Quarter 2020 Results
November 6, 2020 |  finance.yahoo.com
Mall owner PREIT files for chapter 11 petition to implement restructuring plan
November 2, 2020 |  finance.yahoo.com
PREIT Commences Process to Implement Prepackaged Plan to Strengthen the Business and Enhance Financial Flexibility
November 1, 2020 |  finance.yahoo.com
PREIT Schedules Third Quarter 2020 Earnings Release
October 30, 2020 |  finance.yahoo.com
PREIT Lenders Grant Extension of Time to Achieve Out-of-Court Restructuring
October 26, 2020 |  finance.yahoo.com
PREIT reaches deal with majority of lenders, warns bankruptcy protection remains an option
October 16, 2020 |  bizjournals.com
PREIT Expands Operating Hours and Closes for Thanksgiving
September 21, 2020 |  finance.yahoo.com
PREIT Welcomes New Tenants Throughout its Portfolio
September 18, 2020 |  finance.yahoo.com
Fashion District Welcomes New Shops as it Celebrates its First Year of Successful Operations
September 14, 2020 |  finance.yahoo.com
PREIT Unveils "Park and Play" Event Series to Safely Engage Customers Throughout its Portfolio
September 10, 2020 |  finance.yahoo.com
2 Winners and 2 Losers in Today's S&P Index Changes
September 8, 2020 |  finance.yahoo.com
PREIT Launches Curated Shopping Program, "sMALL Surprises," Offering an Innovative Complement to Back-to-School Shopping
August 17, 2020 |  finance.yahoo.com
PREIT Executes Term Loan and Amendments to Credit Facility Agreements
August 12, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Current SymbolNYSE:PEI
Previous Symbol
CUSIP70910210
CIK77281
Webwww.preit.com
Phone215-875-0700
Employees233
Year FoundedN/A

Debt

Debt-to-Equity Ratio5.73
Current Ratio0.95
Quick Ratio0.95

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio5.22
P/E GrowthN/A

Sales & Book Value

Annual Sales$336.79 million
Price / Sales0.46
Cash Flow$3.11 per share
Price / Cash Flow0.62
Book Value$5.51 per share
Price / Book0.35

Profitability

EPS (Most Recent Fiscal Year)$1.05
Net Income$-10,870,000.00
Net Margins-27.86%
Return on Equity-21.68%
Return on Assets-3.36%

Miscellaneous

Outstanding Shares79,537,000
Market Cap$153.51 million
Next Earnings Date3/11/2021 (Confirmed)
OptionableOptionable

MarketRank™

Overall MarketRank™

0.94 out of 5 stars

Finance Sector

1093rd out of 1,944 stocks

Real Estate Investment Trusts Industry

217th out of 273 stocks

Analyst Opinion: 0.5Community Rank: 1.7Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
$1.93
+0.11 (+6.04 %)
(As of 03/3/2021 05:09 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Pennsylvania Real Estate Investment Trust (NYSE:PEI) Frequently Asked Questions

Is Pennsylvania Real Estate Investment Trust a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pennsylvania Real Estate Investment Trust in the last twelve months. There are currently 2 sell ratings for the stock. The consensus among Wall Street analysts is that investors should "sell" Pennsylvania Real Estate Investment Trust stock.
View analyst ratings for Pennsylvania Real Estate Investment Trust or view top-rated stocks.

What stocks does MarketBeat like better than Pennsylvania Real Estate Investment Trust?

Wall Street analysts have given Pennsylvania Real Estate Investment Trust a "Sell" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Pennsylvania Real Estate Investment Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Pennsylvania Real Estate Investment Trust's next earnings date?

Pennsylvania Real Estate Investment Trust is scheduled to release its next quarterly earnings announcement on Thursday, March 11th 2021.
View our earnings forecast for Pennsylvania Real Estate Investment Trust.

How can I listen to Pennsylvania Real Estate Investment Trust's earnings call?

Pennsylvania Real Estate Investment Trust will be holding an earnings conference call on Thursday, March 11th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Pennsylvania Real Estate Investment Trust's earnings last quarter?

Pennsylvania Real Estate Investment Trust (NYSE:PEI) issued its quarterly earnings results on Friday, November, 6th. The real estate investment trust reported ($0.46) EPS for the quarter, missing the Zacks' consensus estimate of $0.13 by $0.59. Pennsylvania Real Estate Investment Trust had a negative net margin of 27.86% and a negative trailing twelve-month return on equity of 21.68%.
View Pennsylvania Real Estate Investment Trust's earnings history.

How has Pennsylvania Real Estate Investment Trust's stock price been impacted by Coronavirus?

Pennsylvania Real Estate Investment Trust's stock was trading at $1.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PEI stock has increased by 63.6% and is now trading at $1.93.
View which stocks have been most impacted by COVID-19.

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 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 dividend yield of 4.15%. The ex-dividend date is Friday, May 29th.
View Pennsylvania Real Estate Investment Trust's dividend history.

What price target have analysts set for PEI?

2 brokerages have issued 12 month target prices for Pennsylvania Real Estate Investment Trust's shares. Their forecasts range from $0.70 to $1.00. On average, they anticipate Pennsylvania Real Estate Investment Trust's stock price to reach $0.85 in the next twelve months. This suggests that the stock has a possible downside of 56.0%.
View analysts' price targets for Pennsylvania Real Estate Investment Trust or view top-rated stocks among Wall Street analysts.

Who are Pennsylvania Real Estate Investment Trust's key executives?

Pennsylvania Real Estate Investment Trust's management team includes the following people:
  • Mr. Joseph F. Coradino, Chairman & CEO (Age 69, Pay $2.16M)
  • Mr. Mario C. Ventresca Jr., Exec. VP & CFO (Age 54, Pay $771.17k)
  • Mr. Andrew M. Ioannou, Exec. VP of Fin. & Acquisitions (Age 46, Pay $613.4k)
  • Mr. Joseph J. Aristone, Exec. VP of Leasing (Age 55, Pay $641.2k)
  • Mr. Rudolph Alberts Jr., Sr. VP of Operations
  • Ms. Lisa M. Most, Exec. VP, Gen. Counsel, Chief Compliance Officer & Sec. (Age 51)
  • Ms. Heather Crowell, Exec. VP of Strategy & Communications (Age 42)
  • Mr. Daniel M. Herman, Sr. VP of Devel.
  • Debi Gilson, Regional Marketing Director of East Region Properties
  • Mr. Michael Rakers, Gen. Mang. of Springfield Mall

What is Joseph F. Coradino's approval rating as Pennsylvania Real Estate Investment Trust's CEO?

6 employees have rated Pennsylvania Real Estate Investment Trust CEO Joseph F. Coradino on Glassdoor.com. Joseph F. Coradino has an approval rating of 47% among Pennsylvania Real Estate Investment Trust's employees. This puts Joseph F. Coradino in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Pennsylvania Real Estate Investment Trust's key competitors?

Some companies that are related to Pennsylvania Real Estate Investment Trust include Simon Property Group (SPG), Realty Income (O), Kimco Realty (KIM), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Agree Realty (ADC), Weingarten Realty Investors (WRI), Retail Properties of America (RPAI), The Macerich (MAC), Retail Opportunity Investments (ROIC), Acadia Realty Trust (AKR), Kite Realty Group Trust (KRG), Tanger Factory Outlet Centers (SKT), Alexander's (ALX) and Getty Realty (GTY).
View all of PEI's competitors.

What other stocks do shareholders of Pennsylvania Real Estate Investment Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Pennsylvania Real Estate Investment Trust investors own include Washington Prime Group (WPG), CBL & Associates Properties (CBL), Gran Tierra Energy (GTE), Cannabics Pharmaceuticals (CNBX), Golar LNG Partners (GMLP), DHT (DHT), ADMA Biologics (ADMA), Aeterna Zentaris (AEZS), EnLink Midstream (ENLC) and Tilly's (TLYS).

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."

Who are Pennsylvania Real Estate Investment Trust's major shareholders?

Pennsylvania Real Estate Investment Trust's stock is owned by many different institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.40%), Squarepoint Ops LLC (0.83%), Lido Advisors LLC (0.64%), Veritable L.P. (0.43%), Gratia Capital LLC (0.43%) and BlackRock Inc. (0.29%). Company insiders that own Pennsylvania Real Estate Investment Trust 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 Real Estate Investment Trust.

Which institutional investors are selling Pennsylvania Real Estate Investment Trust stock?

PEI stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Wells Fargo & Company MN, and Veritable L.P..
View insider buying and selling activity for Pennsylvania Real Estate Investment Trust or view top insider-selling stocks.

Which institutional investors are buying Pennsylvania Real Estate Investment Trust stock?

PEI stock was acquired by a variety of institutional investors in the last quarter, including Charles Schwab Investment Management Inc., Gratia Capital LLC, Lido Advisors LLC, Virtu Financial LLC, Squarepoint Ops LLC, Financial Advisory Corp UT ADV, Aperio Group LLC, and Public Employees Retirement System of Ohio. Company insiders that have bought Pennsylvania Real Estate Investment Trust 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 Real Estate Investment Trust or or view top insider-buying stocks.

How do I buy shares of Pennsylvania Real Estate Investment Trust?

Shares of PEI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Pennsylvania Real Estate Investment Trust's stock price today?

One share of PEI stock can currently be purchased for approximately $1.93.

How much money does Pennsylvania Real Estate Investment Trust make?

Pennsylvania Real Estate Investment Trust has a market capitalization of $153.51 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.

How many employees does Pennsylvania Real Estate Investment Trust have?

Pennsylvania Real Estate Investment Trust employs 233 workers across the globe.

What is Pennsylvania Real Estate Investment Trust's official website?

The official website for Pennsylvania Real Estate Investment Trust is www.preit.com.

Where are Pennsylvania Real Estate Investment Trust's headquarters?

Pennsylvania Real Estate Investment Trust is headquartered at 2005 MARKET STREET SUITE 1000, PHILADELPHIA PA, 19103.

How can I contact Pennsylvania Real Estate Investment Trust?

Pennsylvania Real Estate Investment Trust'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]


This page was last updated on 3/3/2021 by MarketBeat.com Staff
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