PEI - Pennsylvania Real Estate Investment Trust

NYSE - NYSE Delayed Price. Currency in USD
5.85
-0.05 (-0.85%)
At close: 4:03PM EDT
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Previous Close5.90
Open5.95
Bid5.82 x 3200
Ask5.96 x 4000
Day's Range5.75 - 6.08
52 Week Range5.46 - 11.05
Volume2,737,422
Avg. Volume1,474,934
Market Cap452.695M
Beta (3Y Monthly)1.24
PE Ratio (TTM)N/A
EPS (TTM)-2.14
Earnings DateJul 30, 2019
Forward Dividend & Yield0.84 (14.24%)
Ex-Dividend Date2019-05-31
1y Target Est5.83
Trade prices are not sourced from all markets
  • What's in the Offing for Kimco (KIM) This Earnings Season?
    Zacks18 hours ago

    What's in the Offing for Kimco (KIM) This Earnings Season?

    While Kimco Realty (KIM) will gain from portfolio-revamp moves amid strength in job market and still resilient consumer sentiment in Q2, store closures and dispositions' dilutive impact are concerns.

  • PR Newswire23 hours ago

    PREIT Highlights Department Store Replacement Success

    PREIT touts no unleased department stores in its core portfolio PHILADELPHIA , July 22, 2019 /PRNewswire/ --  PREIT  (NYSE: PEI) today reiterated its successful track record of replacing department stores ...

  • Prepare to chow down and drink up. Miller's Ale House is coming to the Mall at Prince Georges.
    American City Business Journals7 days ago

    Prepare to chow down and drink up. Miller's Ale House is coming to the Mall at Prince Georges.

    The Miller’s Ale House chain of restaurants will join the growing list of new tenants at the Mall at Prince Georges in Hyattsville. The Prince George’s Planning Board will consider a detailed site plan for a proposed 8,285-square-foot, single-story building to be constructed on a pad site within the Pennsylvania Real Estate Investment Trust-owned mall’s 51-acre campus. Miller’s Ale House operates 88 restaurants/sports bars across 13 states, including locations in Sterling and Rockville.

  • PR Newswire13 days ago

    PREIT Schedules Second Quarter 2019 Earnings Release and Conference Call

    July 31, 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  8567807, 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.

  • Why I Just Doubled Down on This REIT Stock
    Motley Fool21 days ago

    Why I Just Doubled Down on This REIT Stock

    PREIT is on track to complete its current redevelopment pipeline over the next year or so, which will lead to improved financial results.

  • PR Newswirelast month

    PREIT Executes Lease with Burlington as the Lead Replacement for Sears at Dartmouth Mall

    PHILADELPHIA, June 19, 2019 /PRNewswire/ -- PREIT (PEI) today announced Burlington as the lead replacement for Sears at Dartmouth Mall in North Dartmouth, MA following the Company's proactive recapture of the store. PREIT is in discussions with other large format retailers to complement Burlington.  This strategic remerchandising is another key milestone in PREIT's anchor repositioning efforts to elevate its portfolio with differentiated and high-quality concepts that will increase traffic and sales.

  • Markitlast month

    See what the IHS Markit Score report has to say about Pennsylvania Real Estate Investment Trust.

    Pennsylvania Real Estate Investment Trust NYSE:PEIView full report here! Summary * Bearish sentiment is high * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NegativeShort interest is extremely high for PEI with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting PEI. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold PEI had net inflows of $634 million over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • New-to-Portfolio Tenants Highlight Quality of PREIT Portfolio
    PR Newswire2 months ago

    New-to-Portfolio Tenants Highlight Quality of PREIT Portfolio

    PHILADELPHIA, June 3, 2019 /PRNewswire/ -- PREIT (PEI) reports that the remerchandising of its portfolio continues to yield results and mitigates the impact of store closings.  April comparable store sales were up to $525 per square foot in PREIT's core mall portfolio with three properties now topping $600 per square foot and Willow Grove Park exceeding $750 per square foot.  In the face of announced store closings, the Company reports that the recently announced liquidation of the dressbarn chain does not impact the Company's core mall portfolio.  Highlighting the appeal of its portfolio, at the recent industry deal-making convention- ICSC RECon - PREIT hosted over 100 meetings with potential new-to-portfolio brands, a key measure of success for the Company.

  • PR Newswire2 months ago

    /C O R R E C T I O N -- PREIT/

    In the news release, PREIT to Present at REITWeek® 2019: NAREIT's Investor Forum, issued 28-May-2019 by PREIT over PR Newswire, we are advised by the company that the second paragraph, first sentence, should read "2:15 pm to 2:45 pm EDT" rather than "2:00 pm to 2:30 pm EDT" as originally issued inadvertently. PHILADELPHIA, May 28, 2019 /PRNewswire/ -- PREIT (PEI) today announced that Chief Executive Officer Joseph F. Coradino and Executive Vice President and Chief Financial Officer Robert F. McCadden will present at NAREIT's REITWeek® 2019 in New York, New York.

  • Here’s What Hedge Funds Think About Pennsylvania Real Estate Investment Trust (PEI)
    Insider Monkey2 months ago

    Here’s What Hedge Funds Think About Pennsylvania Real Estate Investment Trust (PEI)

    Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]

  • Thomson Reuters StreetEvents2 months ago

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

    Q1 2019 Pennsylvania Real Estate Investment Trust Earnings Call

  • PREIT Stock Can Keep Rising After a 16% Surge on Friday
    Motley Fool3 months ago

    PREIT Stock Can Keep Rising After a 16% Surge on Friday

    This beaten-down mall REIT is proving that it can survive -- and even thrive -- despite the wave of bankruptcies sweeping through the retail sector.

  • Why Pennsylvania R.E.I.T. Jumped 16% Today
    Motley Fool3 months ago

    Why Pennsylvania R.E.I.T. Jumped 16% Today

    The high-yield dividend stock is in the midst of a major turnaround.

  • Pennsylvania Real Estate (PEI) Q1 FFO Top Estimates
    Zacks3 months ago

    Pennsylvania Real Estate (PEI) Q1 FFO Top Estimates

    Pennsylvania Real Estate (PEI) delivered FFO and revenue surprises of 4.00% and -2.50%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press3 months ago

    Pennsylvania Real Estate: 1Q Earnings Snapshot

    The Philadelphia-based real estate investment trust said it had funds from operations of $20.7 million, or 26 cents per share, in the period. The average estimate of five analysts surveyed by Zacks Investment ...

  • PR Newswire3 months ago

    PREIT Reports First Quarter 2019 Results

    Core Mall Sales Per Square Foot reached record high of $517 Completed $43 million in asset sales and improved liquidity position by over $70 million Core Mall Occupancy increased 100 bps to 94.7% Full ...

  • PR Newswire3 months ago

    PREIT Declares Quarterly Dividend for Common and Preferred Shares

    PHILADELPHIA, April 29, 2019 /PRNewswire/ -- Pennsylvania Real Estate Investment Trust (PEI) announced that its Board of Trustees has declared a quarterly cash dividend of $0.21 per common share.  The dividend is payable on June 17, 2019 to common shareholders of record on June 3, 2019. The Company also announced today that its Board of Trustees has declared quarterly cash dividends of   $0.4609375 per share on its 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares,  $0.450000 per share to holders of its 7.20% Series C Preferred Shares, and $0.4296875 per share to holders of its 6.875% Series D Preferred Shares. PREIT (PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets.

  • This REIT Yields 15.3% -- and Its Turnaround Is Working
    Motley Fool3 months ago

    This REIT Yields 15.3% -- and Its Turnaround Is Working

    Investors are treating PREIT like it's about to be devastated by the retail apocalypse, but its efforts to drive more traffic to its malls are already bearing fruit.

  • PR Newswire3 months ago

    Fashion District Delivers 'Uniquely Philly' Concept with Four Local Tenants

    PHILADELPHIA, April 16, 2019 /PRNewswire/ -- Fashion District Philadelphia, a joint venture partnership between PREIT and Macerich, today announced four inaugural tenants for Uniquely Philly – a curated collection of local small businesses with authentic Philadelphia offerings. The local businesses will have an opportunity to establish and grow their brands in a highly trafficked shopping destination in the heart of Philadelphia.

  • Fashion District Philadelphia signs four 'Uniquely Philly' tenants
    American City Business Journals3 months ago

    Fashion District Philadelphia signs four 'Uniquely Philly' tenants

    Pennsylvania Real Estate Investment Trust has signed four local tenants to a special space it calls "Uniquely Philly" at Fashion District Philadelphia, which is scheduled to open this Septemeber.  The 4,647-square-foot space will house a collection of local retailers and other businesses that make products germane to Philadelphia and will have a bigger platform at Fashion District Philadelphia to showcase and sell their items. The Philadelphia organization was formed three decades ago by the Wharton Small Business Development Center and gives minority entrepreneurs access to capital, business education and economic development opportunities.

  • Thasos 2019 Retail REIT Performance Update Finds Westfield and Urstadt Biddle Atop Industry Performance Rankings
    PR Newswire3 months ago

    Thasos 2019 Retail REIT Performance Update Finds Westfield and Urstadt Biddle Atop Industry Performance Rankings

    Issued Just Weeks Ahead of 1Q Earnings Reports for U.S. Shopping Mall REITs, In-Depth Report Shows Volatile Activity Since 'Retail Apocalypse' New Performance Update Uses Unique 'Thasos Trade Area' Tool ...

  • PREIT Adds Yard House at Willow Grove Park, Enhances Portfolio
    Zacks3 months ago

    PREIT Adds Yard House at Willow Grove Park, Enhances Portfolio

    PREIT (PEI) adds Yard House at Willow Grove Park to its fold of dining offerings as part of the company's latest endeavor to counter retail market blues and strengthen portfolio.

  • PREIT Elevates Experiential Tenant Lineup at Willow Grove Park with the Addition of Yard House
    PR Newswire3 months ago

    PREIT Elevates Experiential Tenant Lineup at Willow Grove Park with the Addition of Yard House

    PHILADELPHIA, April 11, 2019 /PRNewswire/ -- PREIT (PEI) today announced the addition of Yard House at Willow Grove Park, enhancing the mall's tenant roster with a sought after dining experience. Slated to open this winter, Yard House will join Studio Movie Grill as Willow Grove Park aims to "win the weekend" with consumers who can enjoy a high quality shopping and social experience in one place.  PREIT's  most productive property on a sales per square foot basis, exceeding $700, Willow Grove Park already boasts a impressive lineup of tenants including Bloomingdales, Apple, Michael Kors, Sephora, Vans, The Cheesecake Factory and Primark, among others.