Considering analysts have assigned the stock a price target range of $1-$1 as the low and high respectively, we find the trailing 12-month average consensus price target to be $1. Pennsylvania Real Estate Investment Trust (PREIT) is a self-managed and self-administered real estate investment trust (REIT). With action 0%, the performance over the past five days has been red. About 5.89 million shares traded hands on 7,670 There are 118 institutions holding the Pennsylvania Real Estate Investment Trust stock share, with Vanguard Group, Inc. (The) the top institutional holder. (Bloomberg) -- America’s ailing malls suffered a pair of body blows over the weekend as two major landlords followed their ever-growing list of bankrupt tenants into Chapter 11 protection.Pennsylvania Real Estate Investment Trust and CBL & Associates Properties Inc. sought protection from creditors Sunday, citing pandemic-induced pressures on their tenants and, in turn, themselves. PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. IA "Marketing Sentinel" seeks to provide the news and analytical information to both American and foreign audiences, events and events in the USA and all over the world reliably, objectively and promptly. Fiduciary Trust is owned by publicly traded Franklin Resources Corp., one of the national investment companies that has sought to diversify as the mutual fund industry, its best-known business, slows. View the PEI U.S. Securities and Exchange Commission reporting information. Before it's here, it's on the Bloomberg Terminal. PEI’s last price was a discount, traded about -407.84% off its 52-week high of $5.18. The company’s revenue for the corresponding quarter a year ago was $81.37 Million. Pennsylvania Real Estate Investment Trust (PREIT) is a publicly traded real estate investment trust that invests in shopping centers mostly in the Mid-Atlantic states. Pennsylvania Real Estate Investment Trust (NYSE:PEI) Stock Could Reward Investors With a... Get the hottest stocks to trade every day before the market opens 100% free. Even if you’re not actively in crypto, you deserve to know what’s actually going on. Pennsylvania Real Estate Investment Trust SEC filings breakout by MarketWatch. On November 1, 2020, Philadelphia-based Pennsylvania Real Estate Investment Trust, a leading publicly traded real estate investment trust specializing in the ownership and management of differentiated shopping malls, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-12736). The jump to weekly highs of $1.06 on Wednesday, Dec 30 added 3.77% to the stock’s daily price. On October 19, 2020, PREIT, PREIT Associates, L.P. and PREIT-RUBIN, Inc. received letters from Wells Fargo Bank, National Association, as administrative agent, regarding alleged events of default with respect to the […] Financial Advisory Corp UT ADV grew its holdings in Pennsylvania Real Estate Investment Trust (NYSE:PEI) by 294.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. Click here to get the full story… along with our long list of backdoor Bitcoin strategies. Pennsylvania Real Estate Investment Trust [PEI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 37.11. Philadelphia, PA 19102 Find the latest Eps Diluted (TTM) for Pennsylvania Real Estate Investment Trust (PEI) Stockhouse.com use cookies on this site. Pennsylvania Real Estate Investment Trust is a corporation in Philadelphia, Pennsylvania. Heather Crowell - Executive Vice President, Strategy and Communications. Return on Equity for this stock declined to -2.72, with Return on Assets sitting at … About the Pennsylvania Real Estate Investment Trust stock forecast. With this latest performance, PEI shares gained by 202.78% in over the last four-week period, additionally sinking by -41.40% over the last 6 months – not to mention a drop of -79.70% in the past year of trading. Pennsylvania Real Estate Investment Trust. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing. The share price had its 52-week low at $0.36, which suggests the last value was 64.71% up since then. The share float percentage for the stock currently stands at 30.18%. PREIT Q1 hurt by tenant bankruptcies, then COVID-19 hit SA Breaking News 05/21 07:15 ET. Pennsylvania Real Estate Investment Trust is a publicly traded real estate investment trust that invests in shopping centers mostly in the Mid-Atlantic states. Total debt to assets is 73.71, with long-term debt to equity ratio resting at 398.41. The share float percentage for the stock currently stands at 30.18%. Although PEI has turned red as seen at the end of in last trading. After Surging 10.73% During Past Week, Is PTC Therapeutics, Inc. (NASDAQ:PTCT) Still A Buy? Total debt to assets is 73.71, with long-term debt to equity ratio resting at 398.41. Among Mutual Funds, the top two as of Oct 30, 2020 were Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. Data shows that the Pennsylvania Real Estate Investment Trust share is not performing relatively much better than most of its peers within the same industry. Year-over-year growth is forecast to reach -11.8% down from the last financial year. The employer identification number (EIN) for Pennsylvania Real Estate Investment Trust is 236216339. Analysts gave the Pennsylvania Real Estate Investment Trust (PEI) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3. Pennsylvania Real Estate Investment Trust basic eps from 2006 to 2020. To hit the forecast high, the stock’s price needs a -1.96% upsurge from its current level, while the stock would need to tank -1.96% for it to hit the projected low. View all PEI assets, cash, debt, liabilities, shareholder equity and investments. The Company's primary business is owning and operating retail shopping malls, which it does primarily through operating partnership, PREIT Associates, L.P. (PREIT Associates). On Tuesday, investors... Marketing Sentinel is a free online newspaper packed with exclusive content, news, articles and much more! They are required to report and pay tax on the income (from PA’s eight taxable classes of income) that they receive during their taxable year. Pennsylvania Real Estate Investment Trust One Commerce Square 2005 Market Street, Suite 1000 Philadelphia, PA 19103 (215) 875-0700 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copy to: Elizabeth A. Diffley, Esq. Total debt to assets is 73.71, with long-term debt to equity ratio resting at 398.41. When autocomplete results are available use up and down arrows to review and enter to select. Pennsylvania Real Estate Investment Trust has a market cap of $79.5 Million and is expected to release its quarterly earnings report on Feb 23, 2021- Mar 01, 2021. View PEI financial statements in full. Based on Pennsylvania Real Estate Investment Trust (PEI), the company’s capital structure generated 409.04 points at debt to equity in total, while total debt to capital is 80.36. EIN for organizations is sometimes also referred to as taxpayer identification number … Of the remaining, 1 recommended PEI as a Hold, none felt it is a Buy and none rated the stock as Underweight. Based on Pennsylvania Real Estate Investment Trust (PEI), the company’s capital structure generated 409.04 points at debt to equity in total, while total debt to capital is 80.36. In the last trading session, 1,009,125 Pennsylvania Real Estate Investment Trust(NYSE:PEI) shares changed hands as the company’s beta touched 3.07. Pennsylvania Real Estate Investment Trust, which has a market valuation of $80.33 Million as of writing, is expected to release its quarterly earnings report on Feb 23, 2021- Mar 01, 2021. 2020-03-31: EX-3.1: Amendment, dated March 31, 2020, to Amended and Restated Trust Agreement of Pennsylvania Real Estate Investment Trust dated December 18, 2008, as amended, filed as Exhibit 3.1 to PREIT s Current Report on Form 8-K filed on March 31, 2020, is incorporated herein by reference. PREIT Enhances Appeal of Dartmouth Mall with the Addition of Aldi, PREIT Regains Compliance with NYSE Continued Listing Standards, PREIT Successfully Completes Financial Restructuring, PREIT's Prepackaged Financial Restructuring Plan Confirmed By Court, Concurrent Technologies Corporation Elects New Board Leaders, Vornado Announces Third Quarter 2020 Financial Results, PREIT Commences Process to Implement Prepackaged Plan to Strengthen the Business and Enhance Financial Flexibility, PREIT Schedules Third Quarter 2020 Earnings Release, PREIT Lenders Grant Extension of Time to Achieve Out-of-Court Restructuring. Pennsylvania Real Estate Investment Trust [PEI] reported its earnings at -$0.38 per share in the fiscal quarter closing of 6/29/2020. Pennsylvania Real Estate Investment Trust shares last traded at $1.05, with a volume of 2,076,888 shares. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The company was founded by Sylvan M. Cohen in 1960 as one of the first equity REITs. Pennsylvania Real Estate Investment Trust is the largest mall owner in Philadelphia. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. 3rd Floor Finally, the … The information agency "Marketing Sentinel" was established at the end of 2004. We use our assets to attract a variety of new businesses to redefine the future of the American mall into mixed-use districts. Total debt to assets is 73.71, with long-term debt to equity ratio resting at 398.41. Detailed company description & address for Pennsylvania Real Estate Investment Trust. By continuing to … With 2956200 shares estimated at $1.48 Million under it, the former controlled 3.72% of total outstanding shares. Estates and trusts are taxpayers for Pennsylvania personal income tax purposes. Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $68Million. PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. If we look at who the major shareholders are, we find that insiders hold 17.67% of Pennsylvania Real Estate Investment Trust shares while 24.85% of the shares are in the hands of institutional holders. PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. Pennsylvania Real Estate Investment Trust’s Net Margin is presently recorded at -3.52. Finally, the … Pennsylvania Real Estate Investment Trust’s Net Margin is presently recorded at -3.52. Looking at the short shares, we see there were 12.15 Million shares sold at short interest cover period of 3.42 days. 200 South Broad Street The company estimates $50 to … The share float percentage for the stock currently stands at 30.18%. The 2021 estimates are for Pennsylvania Real Estate Investment Trust earnings to increase by 73.7%, but the outlook for the next 5-year period is at 1% per year. Finally, the … As of Sep 29, 2020, the company held 7.32% of the shares, roughly 5.83 Million PEI shares worth $3.23 Million. Millennium Management LLC holds the second largest percentage of outstanding shares, with 1.84% or 1.46 Million shares worth $810.08 Thousand as of Sep 29, 2020. Pennsylvania Real Estate Investment Trust (PREIT) is a self-managed and self-administered real estate investment trust (REIT). 1 analysts are of the opinion that Pennsylvania Real Estate Investment Trust’s revenue for the quarter ending in Feb 2021 will be $76Million. On the other hand, Vanguard Total Stock Market Index Fund held about 1.91% of the shares, roughly 1.52 Million shares worth around $840.32 Thousand. Joe Coradino - Chairman and Chief Executive Officer. The 1-year high price for the company’s stock is recorded $5.4000 on 01/02/20, with the lowest value was $0.3550 for the same time period, recorded on 11/06/20. The institutional investor owned 91,623 shares of the real estate investment trust’s stock after acquiring an additional 68,382 shares during the period. Pennsylvania Real Estate Investment Trust PEI Morningstar Rating Rating as of Jan 7, 2021. A REIT that owns more than 20 U.S. shopping malls is at risk of going out of business. If we look at who the major shareholders are, we find that insiders hold 17.67% of Pennsylvania Real Estate Investment Trust shares while 24.85% of the shares are in the hands of institutional holders. We are committed to evaluating all qualified applicants without regard to race, color, religion, national origin, age, sexual orientation, gender/gender identity, disability, status as a protected veteran, or any other characteristic protected by applicable federal, state, and local laws. Pennsylvania Real Estate Investment Trust eps - earnings per share from 2006 to 2020. It’s free. The Company's primary business is owning and operating retail shopping malls, which it does primarily through operating partnership, PREIT Associates, L.P. (PREIT Associates). Acquisition, redevelopment, and disposition of shopping malls is at risk of going out of business has been.! 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