Pennsylvania R.E.I.T. (NYSE:PEI) announced 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. The firm had revenue of $83.90 million during the quarter, compared to the consensus estimate of $87.12 million. Pennsylvania R.E.I.T. had a negative return on equity of 2.21% and a negative net margin of 3.69%.
Shares of PEI traded down $0.50 during trading hours on Wednesday, reaching $9.18. 56,535 shares of the company traded hands, compared to its average volume of 934,366. The firm has a market capitalization of $648.87 million, a price-to-earnings ratio of 5.52 and a beta of 1.12. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.32. Pennsylvania R.E.I.T. has a 12 month low of $8.66 and a 12 month high of $12.52.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date of this dividend is Friday, November 30th. Pennsylvania R.E.I.T.’s payout ratio is 50.30%.
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. 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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