StockNews.com started coverage on shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI – Get Rating) in a note issued to investors on Tuesday. The firm set a "sell" rating on the real estate investment trust's stock.
Pennsylvania Real Estate Investment Trust Stock Down 0.4 %
PEI opened at $2.39 on Tuesday. The firm has a 50-day simple moving average of $2.82 and a two-hundred day simple moving average of $3.92. Pennsylvania Real Estate Investment Trust has a 52 week low of $2.30 and a 52 week high of $18.75. The company has a market capitalization of $12.83 million, a PE ratio of -0.08 and a beta of 2.60.
Get Pennsylvania Real Estate Investment Trust alerts:Institutional Trading of Pennsylvania Real Estate Investment Trust
Several hedge funds have recently made changes to their positions in the business. Lido Advisors LLC raised its position in shares of Pennsylvania Real Estate Investment Trust by 6.9% during the 3rd quarter. Lido Advisors LLC now owns 155,723 shares of the real estate investment trust's stock valued at $453,000 after buying an additional 10,000 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Pennsylvania Real Estate Investment Trust during the 3rd quarter valued at about $76,000. Finally, Virtu Financial LLC raised its position in shares of Pennsylvania Real Estate Investment Trust by 112.4% during the 1st quarter. Virtu Financial LLC now owns 110,873 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 58,661 shares in the last quarter. 21.30% of the stock is currently 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 U.S.
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