Pennsylvania R.E.I.T. (PEI) Announces $0.21 Quarterly Dividend

Pennsylvania R.E.I.T. (NYSE:PEI) declared a quarterly dividend on Friday, April 21st. Investors of record on Thursday, June 1st will be paid a dividend of 0.21 per share by the real estate investment trust on Thursday, June 15th. This represents a $0.84 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date is Tuesday, May 30th.

Pennsylvania R.E.I.T. has increased its dividend payment by an average of 4.3% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Pennsylvania R.E.I.T. has a payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pennsylvania R.E.I.T. to earn $0.01 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 8,400.0%.

Shares of Pennsylvania R.E.I.T. (NYSE:PEI) traded down 0.79% on Friday, reaching $15.16. 942,013 shares of the company were exchanged. The company’s market capitalization is $1.05 billion. Pennsylvania R.E.I.T. has a 52-week low of $13.76 and a 52-week high of $25.67. The stock has a 50 day moving average of $14.91 and a 200-day moving average of $18.05.

Pennsylvania R.E.I.T. (NYSE:PEI) last announced its quarterly earnings data on Thursday, February 23rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.42. The business had revenue of $104.86 million for the quarter, compared to the consensus estimate of $63.37 million. Pennsylvania R.E.I.T. had a negative net margin of 6.65% and a negative return on equity of 3.62%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 earnings per share. On average, analysts predict that Pennsylvania R.E.I.T. will post ($0.11) EPS for the current fiscal year.

Dividend History for Pennsylvania R.E.I.T. (NYSE:PEI)

COPYRIGHT VIOLATION NOTICE: “Pennsylvania R.E.I.T. (PEI) Announces $0.21 Quarterly Dividend” was published by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/pennsylvania-r-e-i-t-pei-announces-0-21-quarterly-dividend/638296.html.

Several equities analysts recently issued reports on PEI shares. TheStreet downgraded shares of Pennsylvania R.E.I.T. from a “c-” rating to a “d+” rating in a research note on Friday, March 24th. JPMorgan Chase & Co. reduced their price objective on shares of Pennsylvania R.E.I.T. from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 22nd. Barclays PLC reissued an “underweight” rating and set a $16.00 price objective (down previously from $20.00) on shares of Pennsylvania R.E.I.T. in a research note on Monday, January 23rd. Finally, SunTrust Banks, Inc. downgraded shares of Pennsylvania R.E.I.T. from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a research note on Thursday, January 19th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Pennsylvania R.E.I.T. presently has a consensus rating of “Hold” and a consensus price target of $18.80.

Pennsylvania R.E.I.T. Company Profile

Pennsylvania Real Estate Investment Trust (PREIT) is a self-managed and self-administered real estate investment trust (REIT). The Company’s primary business is owning and operating retail shopping malls, which it does primarily through operating partnership, PREIT Associates, L.P. (PREIT Associates).

5 Day Chart for NYSE:PEI

Receive News & Ratings for Pennsylvania R.E.I.T. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennsylvania R.E.I.T. and related companies with our FREE daily email newsletter.

 

Latest News

Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead
Hall of Famer Given New Lease on Life
Hall of Famer Given New Lease on Life
New York Mets Have the Power
New York Mets Have the Power
Red Sox Fighting Through Illness and Injury
Red Sox Fighting Through Illness and Injury
Cleveland and Arizona Off to Fast Starts
Cleveland and Arizona Off to Fast Starts


Leave a Reply

 
© 2006-2017 BBNS.