Pennsylvania R.E.I.T. (NYSE:PEI) released its earnings results on Thursday. The real estate investment trust reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01), MarketWatch Earnings reports. The company had revenue of $74.24 million for the quarter, compared to analyst estimates of $82.84 million. Pennsylvania R.E.I.T. had a negative net margin of 3.23% and a negative return on equity of 2.35%.
PEI stock traded down $0.02 on Friday, reaching $1.16. 394,778 shares of the company were exchanged, compared to its average volume of 2,824,379. Pennsylvania R.E.I.T. has a 12 month low of $0.80 and a 12 month high of $7.07. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.50 and a quick ratio of 0.50. The stock’s fifty day moving average price is $1.01 and its 200 day moving average price is $3.43. The firm has a market capitalization of $100.92 million, a PE ratio of -2.19 and a beta of 2.00.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date is Friday, May 29th. Pennsylvania R.E.I.T.’s dividend payout ratio (DPR) is currently 80.00%.
About Pennsylvania R.E.I.T.
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 U.S.
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