StockNews.com started coverage on shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI – Get Rating) in a research note released on Wednesday. The brokerage issued a sell rating on the real estate investment trust's stock.
Pennsylvania Real Estate Investment Trust Stock Performance
The stock has a market capitalization of $12.83 million, a P/E ratio of -0.08 and a beta of 2.60. Pennsylvania Real Estate Investment Trust has a fifty-two week low of $2.30 and a fifty-two week high of $18.75. The firm's 50 day simple moving average is $2.80 and its 200-day simple moving average is $3.87.
Get Pennsylvania Real Estate Investment Trust alerts:Institutional Investors Weigh In On Pennsylvania Real Estate Investment Trust
A number of institutional investors and hedge funds have recently modified their holdings of PEI. Lido Advisors LLC lifted its holdings in shares of Pennsylvania Real Estate Investment Trust by 37.4% in the first quarter. Lido Advisors LLC now owns 1,785,869 shares of the real estate investment trust's stock worth $1,126,000 after buying an additional 485,869 shares in the last quarter. Virtu Financial LLC increased its position in shares of Pennsylvania Real Estate Investment Trust by 112.4% in the first quarter. Virtu Financial LLC now owns 110,873 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 58,661 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Pennsylvania Real Estate Investment Trust in the third quarter worth approximately $76,000. 21.30% of the stock is owned by hedge funds and other institutional investors.
Pennsylvania Real Estate Investment Trust Company Profile
(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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