Pennsylvania Real Estate Investment Trust (NYSE:PEI) Reaches New 12-Month High at $7.81
Pennsylvania Real Estate Investment Trust (NYSE:PEI – Get Rating) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $7.81 and last traded at $6.47, with a volume of 15054 shares changing hands. The stock had previously closed at $3.90.
Separately, StockNews.com started coverage on Pennsylvania Real Estate Investment Trust in a research note on Friday, June 10th. They set a “sell” rating on the stock.
The stock has a market capitalization of $416.76 million, a PE ratio of -3.05 and a beta of 2.16. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 270.56. The company’s 50-day moving average is $0.46 and its 200 day moving average is $0.76.
Large investors have recently bought and sold shares of the company. Barclays PLC increased its position in shares of Pennsylvania Real Estate Investment Trust by 232.7% in the 3rd quarter. Barclays PLC now owns 13,489 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 9,434 shares during the period. Virtu Financial LLC increased its holdings in shares of Pennsylvania Real Estate Investment Trust by 148.0% in the fourth quarter. Virtu Financial LLC now owns 52,212 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 31,160 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Pennsylvania Real Estate Investment Trust in the third quarter worth about $53,000. Millennium Management LLC acquired a new stake in shares of Pennsylvania Real Estate Investment Trust during the third quarter worth about $114,000. Finally, Renaissance Technologies LLC purchased a new stake in Pennsylvania Real Estate Investment Trust in the fourth quarter valued at approximately $154,000. Institutional investors and hedge funds own 21.30% of the company’s stock.
About Pennsylvania Real Estate Investment Trust (NYSE:PEI)
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 US
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