Pennsylvania Real Estate Investment Trust(PEI) is having a Dividend Yield of 4.78% with the Annual cash Dividend per share of $0.84. The last quarter cash dividend per share pay out was $0.21. Pennsylvania Real Estate Investment Trust has a 5 year average dividend yield of 3.99% and the stock has a Indicated annual dividend of $0.84. Pennsylvania Real Estate Investment Trust(PEI) formally announced its most recent dividend on December 19, 2016 with a Dividend per share of $0.21. The new indicated annual dividend based on announced dividend per share is $0.84. The dividend yield based on the forward looking indicated annual dividend is 4.78%. Pennsylvania Real Estate Investment Trust(PEI) has the most recent dividend payout ratio of 0.44 with a 5-year average payout ratio of 0.4. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.03. The 5 year historical dividend growth of Pennsylvania Real Estate Investment Trust(PEI) is at the rate of 7.17% while the R-Squared dividend growth is 0.81. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) witnessed a decline in the market cap on Thursday as its shares dropped 1.76% or 0.31 points. After the session commenced at $17.57, the stock reached the higher end at $17.68 while it hit a low of $17.235. With the volume soaring to 511,101 shares, the last trade was called at $17.27. The company has a 52-week high of $25.67. The company has a market cap of $1,201 million and there are 69,538,313 shares in outstanding. The 52-week low of the share price is $16.73. Pennsylvania Real Estate Investment Trust has lost 2.7% in the last five trading days and dropped 5.21% in the last 4 weeks. Pennsylvania Real Estate Investment Trust has dropped 13.82% during the last 3-month period . Year-to-Date the stock performance stands at -8.91%.
Currently the company Insiders own 4.4% of Pennsylvania Real Estate Investment Trust shares according to the proxy statements. Institutional Investors own 93.69% of Pennsylvania Real Estate Investment Trust shares. Company has reported several Insider transactions to the SEC, on Jun 13, 2016, Joseph F Coradino (Chief Executive Officer) sold 33,000 shares at 22.29 per share price.On Jun 10, 2016, Andrew M. Ioannou (EVP – Finance & Acquisitions) sold 10,000 shares at 22.27 per share price.On Mar 21, 2016, Rosemarie B Greco (director) sold 5,412 shares at 21.36 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Pennsylvania R.E.I.T. was Downgraded by SunTrust to Hold on Jan 20, 2017. Pennsylvania R.E.I.T. was Downgraded by Stifel on Dec 12, 2016 to Hold, Lowers Price Target to $ 22 from a previous price target of $27 .
Pennsylvania R.E.I.T. Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.44. The company had revenue of $98.90 million for the quarter, compared to analysts expectations of $99.85 million. The companys revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.
PENNSYLVANIA R.E. INVEST. TR. is a real estate investment trust, engaged in acquiring and holding for investment interests in real estate.