Pennsylvania Real Estate Investment Trust (NYSE:PEI – Get Rating) Director Christopher Swann purchased 28,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were acquired at an average price of $3.35 per share, for a total transaction of $93,800.00. Following the purchase, the director now directly owns 86,750 shares of the company’s stock, valued at approximately $290,612.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Pennsylvania Real Estate Investment Trust Price Performance
Shares of NYSE PEI opened at $3.99 on Tuesday. The business’s 50 day moving average price is $5.05 and its 200 day moving average price is $6.55. The firm has a market cap of $21.43 million, a P/E ratio of -0.16 and a beta of 2.60. Pennsylvania Real Estate Investment Trust has a 52 week low of $3.24 and a 52 week high of $30.75. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 270.56.
Institutional Investors Weigh In On Pennsylvania Real Estate Investment Trust
An institutional investor recently raised its position in Pennsylvania Real Estate Investment Trust stock. Lido Advisors LLC raised its stake in Pennsylvania Real Estate Investment Trust (NYSE:PEI – Get Rating) by 37.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,785,869 shares of the real estate investment trust’s stock after acquiring an additional 485,869 shares during the quarter. Lido Advisors LLC owned approximately 2.22% of Pennsylvania Real Estate Investment Trust worth $1,126,000 at the end of the most recent reporting period. 21.30% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Pennsylvania Real Estate Investment Trust 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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