Pennsylvania R.E.I.T. (NYSE:PEI) issued its earnings results on Thursday. The real estate investment trust reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01), MarketWatch Earnings reports. Pennsylvania R.E.I.T. had a negative net margin of 3.23% and a negative return on equity of 2.35%. The firm had revenue of $74.24 million during the quarter, compared to analysts’ expectations of $82.84 million.
PEI stock traded up $0.02 during midday trading on Friday, hitting $1.18. 10,271 shares of the stock traded hands, compared to its average volume of 2,824,379. Pennsylvania R.E.I.T. has a 1-year low of $0.80 and a 1-year 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 simple moving average is $1.01 and its 200-day simple moving average is $3.43. The firm has a market cap of $100.92 million, a P/E ratio of -2.19 and a beta of 2.00.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend is Friday, May 29th. Pennsylvania R.E.I.T.’s dividend payout ratio is currently 80.00%.
Pennsylvania R.E.I.T. Company Profile
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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