|Bid||9.00 x 2200|
|Ask||10.65 x 4000|
|Day's Range||9.40 - 9.53|
|52 Week Range||8.86 - 12.52|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.84 (8.80%)|
|1y Target Est||N/A|
Jim Cramer says the retail resurgence is boosting business at affiliated real estate investment trusts, but says he's not enthusiastic about REIT stocks just yet.
Pennsylvania Real Estate Investment's (PEI) latest tenant lineup at the company flagship destination -- Cherry Hill Mall -- complements its targeted merchandising strategies and differential tenant mix.
In its latest efforts to sail through retail market blues, PREIT (PEI) commences construction at the premium Woodland Mall. Also, new-to-portfolio retailers will likely boost mall traffic and sales.
REITs that own low-quality malls have seen their stock prices sag in recent years. But one retail REIT is in the midst of dramatically upgrading its portfolio, which could drive big gains for investors in the next few years.
Though it came at a price — $100 million more than expected — the redevelopment team of the former Gallery believe they are creating a marquee project that will be a destination in Philadelphia.
Pennsylvania Real Estate (PEI) delivered earnings and revenue surprises of 14.71% and -7.43%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The Philadelphia-based real estate investment trust said it had funds from operations of $30.3 million, or 39 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment ...
Macerich and Pennsylvania Real Estate Investment Trust, the companies redeveloping the Center City property, now say that the opening is set for November 2019 but progress is being made.
Coworking operator 1776 is adding to its network of locations and will expand to the Cherry Hill Mall. It will occupy 11,000 square feet in the 1.3-million-square-foot retail center, which is owned by Pennsylvania Real Estate Investment Trust (NYSE: PEI). The mall operator established Bespoke in 2015 in 37,000 square feet at its Westfield San Francisco Centre.
Is this name ready to emerge from its basing pattern? In the daily bar chart of PEI, below, we can see a sideways market roughly bounded by around $9.00 on the lower end and the $12.50 area on the topside. The daily volume pattern does not show anything unique, in my opinion, but the daily On-Balance-Volume (OBV) line shows a low in November and some on again and off again improvement.
The retail resurgence is boosting business at affiliated real estate investment trusts, CNBC's Jim Cramer says. With long-term Treasury yields stalling out and investors flocking to higher-yielding "safety" stocks, real estate investment trusts have "come back into vogue" on Wall Street, CNBC's Jim Cramer said Wednesday. In particular, shares of retail-oriented REITs Simon Property Group SPG , Federal Realty FRT and Pennsylvania Real Estate Investment Trust PEI have been outpacing their peers, benefiting from broader economic concerns as well as a somewhat unexpected resurgence in retail.
Pennsylvania Real Estate Investment Trust, which is redeveloping the Gallery, has teamed up with the Enterprise Center on Uniquely Philly, an effort to identify emerging companies to lease space and grow at the retail center.
Recast of $700-million revolving credit and term loan facility by Pennsylvania Real Estate Investment Trust (PEI), better known as PREIT, to result in a well-laddered maturity schedule of the company.
The Philadelphia-based real estate investment trust owns regional malls such as the Springfield Town Center and Mall at Prince Georges.