|Bid||1.1800 x 1000|
|Ask||1.1900 x 3000|
|Day's Range||1.1200 - 1.2500|
|52 Week Range||0.3600 - 5.7700|
|Beta (5Y Monthly)||2.18|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 23, 2021 - Mar 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 29, 2020|
|1y Target Est||1.00|
Investors need to pay close attention to Pennsylvania Real Estate (PEI) stock based on the movements in the options market lately.
Recently we learned that two mall real estate investment trusts, or REITs, declared bankruptcy after the COVID-19 pandemic decimated their already-fragile businesses. Pennsylvania Real Estate Investment Trust (NYSE: PEI) and CBL & Associates (NYSE: CBL) were the first two victims of the pandemic, but will there be others in the mall REIT space? In this Fool Live video clip from our Nov. 2 Industry Focus show, host Jason Moser and Fool.com contributor Matt Frankel, CFP discuss why these two mall operators ran into trouble, what comes next, and whether mall REIT investors should be worried about other major operators.
There's no reason to take on extra risk while REITs are already facing headwinds. That's why you shouldn't invest in this trio of landlords.