PEI - Pennsylvania Real Estate Investment Trust

NYSE - Nasdaq Real Time Price. Currency in USD
5.23
-0.04 (-0.76%)
As of 2:30PM EDT. Market open.
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Previous Close5.27
Open5.27
Bid5.23 x 4000
Ask5.24 x 900
Day's Range5.22 - 5.38
52 Week Range4.34 - 9.80
Volume527,314
Avg. Volume1,867,270
Market Cap405.582M
Beta (3Y Monthly)1.15
PE Ratio (TTM)N/A
EPS (TTM)-1.78
Earnings DateOct 29, 2019
Forward Dividend & Yield0.84 (16.34%)
Ex-Dividend Date2019-08-30
1y Target Est5.25
Trade prices are not sourced from all markets
  • PREIT Completes Key Step in Portfolio Transformation with Opening of Woodland Mall Expansion
    PR Newswire

    PREIT Completes Key Step in Portfolio Transformation with Opening of Woodland Mall Expansion

    PHILADELPHIA, Oct. 10, 2019 /PRNewswire/ -- PREIT (PEI) today celebrates the opening of the highly-anticipated Woodland Mall expansion wing. In 2017, the Company proactively recaptured the Sears store to make way for new and compelling uses, ensuring the long-term strength of this market-dominant destination.

  • PR Newswire

    PREIT Schedules Third Quarter 2019 Earnings Release and Conference Call

    October 30, 2019, to review the Company's results and future outlook.  To listen to the call, please dial 1-844-885-9139 (domestic toll free), or 1-647-689-4441 (international), and request to join the PREIT call, Conference ID  2181645, at least five minutes before the scheduled start time.  Investors can also access the call in a "listen only" mode via the internet at the Company's website, preit.com.  Please allow extra time prior to the call to visit the site and download the necessary software to listen to the Internet broadcast.  Financial and statistical information expected to be discussed on the call will also be available on the Company's website. For best results when listening to the webcast, the Company recommends using Flash Player. PREIT (PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets.

  • Coworking operator takes 47,000 square feet at Fashion District
    American City Business Journals

    Coworking operator takes 47,000 square feet at Fashion District

    Industrious, a coworking operator, will occupy space at Fashion District Philadelphia and now has three locations in the city. It will have 47,000 square feet at Fashion District that it will manage and operate as coworking space. The company occupies 55,000 square feet in Two Liberty Place at 50 S. 16th St. and entered the market in 2015 when it took two full floors, or about 21,000 square feet, at 230 S. Broad St. Coworking is a relatively new offering at malls but is a growing segment.

  • 7 Stocks the Insiders Are Buying on Sale
    InvestorPlace

    7 Stocks the Insiders Are Buying on Sale

    [Editor's Note: This article is updated each week with the latest insider purchasing. Check back regularly to see who's making moves.]An insider is a person who has access to confidential information about a company. And when I'm analyzing a company as a potential long-term investment, I always like to know what the insiders are doing. They have a much better idea of what is happening in the company than most analysts. When there is insider buying after the price of the stock has recently dropped, it could be a bullish signal.Over the years, there have been numerous examples of insiders using this information to profit at the expense of uninformed investors. For example, suppose an insider knows that news is about to be released that will make the stock price go up. They can buy it from a shareholder who doesn't have access to the news at a cheaper price then benefit from the gains.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBecause of these abuses, the SEC has established rules and procedures to prevent this type of activity. When an insider wants to buy or sell their company's stock, they have to file a form with the SEC. This is public information, and it can lead to investment ideas.There are numerous reasons why an insider of a company may need to sell their stock. They may need to raise money for things such as tuition or to buy a home. However, there is only one reason why an insider would buy their company's stock -- they believe that it is undervalued and they will make money. * 7 Stocks to Buy Under $10 These seven stocks have had significant insider buying recently and could be worth a look. Stocks With Insider Buying: Church & Dwight (CHD)Church & Dwight (NYSE:CHD) manufactures and sells household, personal care and specialty products.CHD stock has been under pressure recently. Well-known short seller Ben Axler of Spruce Point Capital Management said that the company engages is "extreme financial engineering, aggressive accounting and material self-enrichment practices." That sounds pretty bad.Matthew Farrell is the president and CEO of Church & Dwight. Apparently he disagrees with this assessment. He must believe that the stock will soon recover because he just made a significant personal investment of $500,000. He bought 7,000 shares at $71.32. Liberty TripAdvisor Holdings (LTRPA)Liberty TripAdvisor Holdings (NASDAQ:LTRPA) engages in online travel research and online commerce business.Over the past year, the price of LTRPA has fallen dramatically. Last November it traded as high as $20. Now it is trading below $10. Wall Street is neutral on the company. Only two firms follow it, and they each have hold ratings on it. * 30 Marijuana Stocks to Buy as the Future Turns Green Gregory Maffei has been an officer of Liberty for five years. He is the chairman, president and CEO of the company. He must feel that the stock is a great value at current levels, because he just invested $160,000 when he paid $10.38 a share for over 15,000 shares. Pacific Mercantile Bancorp (PMBC)Pacific Mercantile Bancorp (NASDAQ:PMBC) operates as a holding company that provides a range of commercial banking and services to small- and medium-sized businesses.After making a significant drop in price from last September through December, PMBC stock has been volatile but it has basically traded sideways.The Board of Directors just announced that they have appointed Brad Dinsmore as the president and CEO of the company. From 2011 to 2017, Dinsmore was executive vice president of SunTrust Banks.He must have a lot of confidence that he will be able to take actions that will cause the price of the stock to rise. He recently paid $7.98 for 28,000 shares. This is an investment of almost $225,000. Pennsylvania Real Estate Investment Trust (PEI)Pennsylvania Real Estate Investment Trust (NYSE:PEI) is a publicly traded REIT that owns and manages quality properties in compelling markets.PEI stock has sold off significantly over the past year. Last August it was trading around $11 a share. It is currently trading around the $5.50 level.Wall Street does not like this stock. Seven firms follow it. The average rating in underweight and the average price target is $5.25, which is below where it is currently trading. * 7 Triple-'F' Rated Stocks to Leave on the Shelf Leonard Korman is a director of PEI. Apparently he believes that the stock will turn around because he just paid $5.29 for 30,000 shares. In August he also bought 30,000 shares as well. His total investment was about $300,000. There was also buying by other insiders as well. Aldeyra Therapeutics (ALDX)Aldeyra Therapeutics (NASDAQ:ALDX) is a biotechnology company that develops and commercializes medicines for immune-mediated ocular and systemic diseases.ALDX stock has lost over 50% of its value in the past year. This isn't surprising because the company loses a lot of money. Last quarter it reported losses of $13 million and in the prior quarter the loss was more than $15 million.Todd Brady, the president and CEO of Aldeyra, invested roughly $85,000 into the company on Sept. 18, buying 14.288 shares at $5.91 per share. In addition, on Sept. 9 and Sept. 10 he paid an average of $5.14 for 20,000 shares. This was a $100,000 investment. Sarepta Therapeutics (SRPT)Sarepta Therapeutics (NASDAQ:SRPT) focuses of the discovery and development of medicines for rare diseases.Over the past two months, the price of SRPT stock has lost 50% of its value. It dropped from levels around $160 to current levels around $80.This is primarily due to the fact that the company received some disappointing news from the FDA. First, one of their drugs that is in a clinical trial caused serious side effects. Second, another drug has to be delayed beyond when it was supposed to hit the market. * 8 Dividend Stocks to Buy for a Recession Richard Barry is a director of the company. He must believe that this selling has created a buying opportunity. He just invested almost $290,000 when he bought 3,309 shares at $87.49. Lexicon Pharmaceuticals (LXRX)Lexicon Pharmaceuticals (NASDAQ:LXRX) is a biopharmaceutical company that develops and sells pharmaceutical products.The price of LXRX stock had been trending lower for almost a year. Then at the end of July it reported that its partnership with Sanofi (NASDAQ:SNY) had terminated the partnership and plunged from $6 to $2.The insiders of the company must believe that this selling was overdone because they have been making significant purchases of the stock.Lonnel Coats is the president and CEO of Lexicon Pharmaceuticals. He invested over $300,000 in the stock when he acquired 100,000 shares for an average price of around $3.11. Raymond Debbane is a director of the company. He just made an investment of about $700,000 when he bought about 290,000 shares. There have been purchases by other insiders as well.At the time of this writing Mark Putrino did not hold any positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Under $10 * 30 Marijuana Stocks to Buy as the Future Turns Green * 7 Consumer Stocks Ready to Rally Hard The post 7 Stocks the Insiders Are Buying on Sale appeared first on InvestorPlace.

  • A New Plymouth Meeting Mall Experience Awaits Consumers
    PR Newswire

    A New Plymouth Meeting Mall Experience Awaits Consumers

    PHILADELPHIA, Sept. 25, 2019 /PRNewswire/ -- PREIT (PEI) today announced the successful incorporation of new anchor tenants and the next phase of tenant openings at Plymouth Meeting Mall. As part of its overall anchor repositioning and remerchandising strategy, PREIT has diversified the tenant roster with unique and experiential concepts to reflect a new mall model and drive traffic and sales. As part of its efforts to drive the quality of its portfolio and upgrade anchor spaces, PREIT is welcoming over 200,000 square feet of new retail, dining and experiential concepts for consumers at Plymouth Meeting Mall.

  • Fashion District Philadelphia Set to Open, Redefining The Future of Retail
    PR Newswire

    Fashion District Philadelphia Set to Open, Redefining The Future of Retail

    PHILADELPHIA, Sept. 17, 2019 /PRNewswire/ -- The joint venture partnership between PREIT (PEI) and Macerich today announces the official launch of Fashion District Philadelphia (The District), a well-curated one-of-a-kind destination that blends shopping, dining, entertainment and culture to create a unique downtown destination that is inclusive, accessible and convenient for everyone. The opening of The District is one of many milestones for PREIT in 2019, a pivotal year for the company. From a variety of retailers to multiple dining concepts, dynamic entertainment for kids and adults alike, ongoing community events and programs, and several unique features – including art installations and local businesses – the offerings at The District are designed to maximize day-to-night appeal and deliver an unforgettable experience for all.

  • PR Newswire

    PREIT Announces Chief Financial Officer Transition

    PHILADELPHIA, Sept. 16, 2019 /PRNewswire/ -- PREIT (PEI) ("Company") today announced its intention to promote Mario C. Ventresca, Jr., Executive Vice President – Operations, to Executive Vice President and Chief Financial Officer.  He will replace current Executive Vice President and Chief Financial Officer Bob McCadden who will leave the Company effective December 31, 2019.  Mr. McCadden will transition his current responsibilities to Mr. Ventresca over the balance of the year.

  • This REIT Stock Is Struggling, but Its Top 2 Malls Are Thriving
    Motley Fool

    This REIT Stock Is Struggling, but Its Top 2 Malls Are Thriving

    The company has invested heavily in its best malls -- and those investments are paying off.

  • PREIT Quantifies Success of Remerchandising Effort with Mall at Prince George's Review
    PR Newswire

    PREIT Quantifies Success of Remerchandising Effort with Mall at Prince George's Review

    PHILADELPHIA, Sept. 4, 2019 /PRNewswire/ -- PREIT (PEI) Following a multi-year remerchandising effort, PREIT's Mall at Prince George's ("MPG") emerges as a marker of success in the Company's redevelopment efforts. With strong demographics and high demand for retail, the renovations will ultimately further differentiate MPG in the market and solidify its position as a vibrant retail and dining destination in the region. Over a dozen new tenants joined the roster including H&M, Ulta, DSW, Express Factory Outlet, Five Below, Flight 23, Grand Jewelers featuring Alex and Ani and Pandora, White Barn Candle and Pink by Victoria's Secret along with several new dining options: Chipotle, Five Guys, Mezeh Mediterranean Grill and &Pizza.

  • How Mall Operator Pennsylvania REIT Has Weathered the Retail Apocalypse
    Motley Fool

    How Mall Operator Pennsylvania REIT Has Weathered the Retail Apocalypse

    PREIT has had significant exposure to struggling retailers and has had to make strategic changes.

  • Thomson Reuters StreetEvents

    Edited Transcript of PEI earnings conference call or presentation 31-Jul-19 3:00pm GMT

    Q2 2019 Pennsylvania Real Estate Investment Trust Earnings Call

  • PR Newswire

    PREIT Expands Fitness Options in its Portfolio with Addition of Planet Fitness at Moorestown Mall

    PHILADELPHIA, Aug. 21, 2019 /PRNewswire/ -- As PREIT (PEI) furthers its strategic approach in bolstering health and wellness segments at its properties, the company today announced the addition of Planet Fitness at the Moorestown Mall. Slated to open in Spring 2020, Planet Fitness, occupying more than 23,000 square feet, will represent another key addition to the PREIT roster – which now has increased the square footage dedicated to health and wellness tenancy by five times since 2012. Planet Fitness is a full-service, high-quality fitness experience for all gym-goers.

  • PR Newswire

    PREIT Spotlights Near-Term Activity Driving Future Growth and Portfolio Strength

    Noteworthy tenants joining the roster include H&M, Nike, Forever 21, AMC Theaters, Round One, City Winery, Ulta, Columbia Sportswear, Wonderspaces, American Eagle, Express Factory, Journeys, Skechers and Guess Factory along with local incubator spaces – REC Philly and Uniquely Philly, which features four distinct local, small businesses.

  • Tough Times Continue for These 2 Mall REITs
    Motley Fool

    Tough Times Continue for These 2 Mall REITs

    Funds from operations plunged again at Washington Prime and PREIT last quarter, but one of the two REITs has a much better chance of bouncing back next year.

  • Pennsylvania Real Estate Investment Trust (PEI) Q2 2019 Earnings Call Transcript
    Motley Fool

    Pennsylvania Real Estate Investment Trust (PEI) Q2 2019 Earnings Call Transcript

    PEI earnings call for the period ending June 30, 2019.

  • Here's Why PREIT Is Dropping on Wednesday
    Motley Fool

    Here's Why PREIT Is Dropping on Wednesday

    The retail REIT gave investors some disappointing numbers.

  • Pennsylvania Real Estate (PEI) Q2 FFO and Revenues Miss Estimates
    Zacks

    Pennsylvania Real Estate (PEI) Q2 FFO and Revenues Miss Estimates

    Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of -18.52% and -5.76%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    PREIT Reports Second Quarter 2019 Results and Updates Full Year Expectations

    Fashion District Philadelphia Set to Open in 51 Days Comparable Store Sales per Square Foot Grew 5.7% to $531 Core Mall Total Occupancy Stable at 93.7% Average Renewal Spreads registered 6.1% for the Quarter ...

  • PR Newswire

    Interactive First-to-Market Experience Wonderspaces to Join Fashion District

    PHILADELPHIA, July 30, 2019 /PRNewswire/ -- Fashion District Philadelphia, ("The District") a joint venture partnership between PREIT and Macerich, announces that Wonderspaces, a unique and new-to-region immersive art experience, along with two dozen new tenants will join the dynamic tenant roster as the project launches in September. Wonderspaces reinforces the property's diverse blend of entertainment and art, and will complement the project's dynamic tenant mix and community programming across style, dining, entertainment, and arts & culture uses. Wonderspaces partners with artists from around the world to present art shows that everyone can enjoy as a place to connect with friends and family.  After receiving over two hundred fifty thousand visitors in its previous shows in San Diego and Scottsdale, Wonderspaces will open its first Philadelphia show, Point of View, in December 2019.

  • What's in the Cards for Macerich (MAC) This Earnings Season?
    Zacks

    What's in the Cards for Macerich (MAC) This Earnings Season?

    Despite Macerich's (MAC) efforts to enhance its asset quality for attention from new and productive tenants, its Q2 results will likely be affected by store closures and retailer bankruptcies.