Pennsylvania R.E.I.T. (NYSE:PEI) issued its quarterly earnings results on Tuesday. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01), MarketWatch Earnings reports. Pennsylvania R.E.I.T. had a negative return on equity of 2.21% and a negative net margin of 3.69%. The firm had revenue of $83.90 million during the quarter, compared to analysts’ expectations of $87.12 million.
PEI traded down $0.50 during trading on Wednesday, hitting $9.18. The stock had a trading volume of 56,535 shares, compared to its average volume of 934,366. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $648.87 million, a P/E ratio of 5.52 and a beta of 1.12. Pennsylvania R.E.I.T. has a twelve month low of $8.66 and a twelve month high of $12.52.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.21 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.84 annualized dividend and a yield of 9.15%. Pennsylvania R.E.I.T.’s dividend payout ratio is currently 50.30%.
About Pennsylvania R.E.I.T.
PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. REIT'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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