Christopher Swann Purchases 28,000 Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) Stock

Pennsylvania Real Estate Investment Trust (NYSE:PEIGet 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:PEIGet 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

Separately, StockNews.com started coverage on Pennsylvania Real Estate Investment Trust in a research report on Saturday, June 18th. They issued a “sell” rating on the stock.

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.

Read More

Receive News & Ratings for Pennsylvania Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennsylvania Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.