Pennsylvania R.E.I.T. (NYSE:PEI) announced its quarterly earnings data on Thursday. The real estate investment trust reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01), MarketWatch Earnings reports. Pennsylvania R.E.I.T. had a negative return on equity of 2.17% and a negative net margin of 2.88%. The business had revenue of $74.24 million for the quarter, compared to analyst estimates of $82.84 million.
Shares of Pennsylvania R.E.I.T. stock opened at $1.18 on Friday. The firm has a market cap of $93.03 million, a price-to-earnings ratio of 1.27 and a beta of 2.00. The company has a debt-to-equity ratio of 4.66, a current ratio of 0.45 and a quick ratio of 0.50. Pennsylvania R.E.I.T. has a 52-week low of $0.80 and a 52-week high of $7.07. The stock has a 50-day simple moving average of $1.02 and a 200-day simple moving average of $3.41.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, May 29th. This represents a $0.08 annualized dividend and a dividend yield of 6.78%. Pennsylvania R.E.I.T.’s dividend payout ratio is 80.00%.
Pennsylvania R.E.I.T. 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.
Recommended Story: How do CD ladders protect against rising interest rates?
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 MarketBeat.com's FREE daily email newsletter.