Pennsylvania Real Estate Investment Trust (NYSE:PEI) Research Coverage Started at StockNews.com
StockNews.com began coverage on shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI – Get Rating) in a research report issued on Tuesday. The firm set a “hold” rating on the real estate investment trust’s stock.
Shares of NYSE:PEI opened at $0.48 on Tuesday. Pennsylvania Real Estate Investment Trust has a fifty-two week low of $0.34 and a fifty-two week high of $3.47. The business has a 50-day simple moving average of $0.61 and a two-hundred day simple moving average of $0.92. The company has a debt-to-equity ratio of 270.56, a quick ratio of 0.96 and a current ratio of 1.06. The firm has a market cap of $38.85 million, a price-to-earnings ratio of -0.26 and a beta of 2.15.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEI. Barclays PLC increased its position in shares of Pennsylvania Real Estate Investment Trust by 232.7% during the 3rd quarter. Barclays PLC now owns 13,489 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 9,434 shares during the last quarter. Virtu Financial LLC increased its position in shares of Pennsylvania Real Estate Investment Trust by 148.0% during the 4th 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 last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Pennsylvania Real Estate Investment Trust during the 3rd quarter valued at about $53,000. Millennium Management LLC purchased a new stake in shares of Pennsylvania Real Estate Investment Trust during the 3rd quarter valued at about $114,000. Finally, Renaissance Technologies LLC bought a new position in shares of Pennsylvania Real Estate Investment Trust during the 4th quarter valued at approximately $154,000. 21.30% of the stock is owned by hedge funds and other institutional investors.
About Pennsylvania Real Estate Investment Trust (Get Rating)
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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