Investment

Pennsylvania Real Estate Investment Trust Stock Set to Reverse Split on Thursday, June 16th (NYSE:PEI)


Pennsylvania Real Estate Investment Trust (NYSE:PEIGet Rating) shares are going to reverse split on Thursday, June 16th. The 1-15 reverse split was announced on Thursday, June 16th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, June 16th.

Pennsylvania Real Estate Investment Trust stock opened at $0.35 on Friday. The company has a market capitalization of $28.55 million, a P/E ratio of -0.19 and a beta of 2.16. The firm’s fifty day simple moving average is $0.51 and its 200-day simple moving average is $0.81. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 270.56. Pennsylvania Real Estate Investment Trust has a 1-year low of $0.34 and a 1-year high of $3.47.

Separately, StockNews.com started coverage on shares of Pennsylvania Real Estate Investment Trust in a report on Thursday. They issued a “sell” rating on the stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC raised its holdings in Pennsylvania Real Estate Investment Trust by 112.4% in the 1st quarter. Virtu Financial LLC now owns 110,873 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 58,661 shares during the period. Lido Advisors LLC raised its holdings in Pennsylvania Real Estate Investment Trust by 37.4% in the 1st quarter. Lido Advisors LLC now owns 1,785,869 shares of the real estate investment trust’s stock worth $1,126,000 after acquiring an additional 485,869 shares during the period. Renaissance Technologies LLC acquired a new stake in Pennsylvania Real Estate Investment Trust in the 4th quarter worth $154,000. Squarepoint Ops LLC grew its position in Pennsylvania Real Estate Investment Trust by 5.3% in the 3rd quarter. Squarepoint Ops LLC now owns 198,286 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 9,908 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in Pennsylvania Real Estate Investment Trust by 105.1% in the 3rd quarter. Two Sigma Investments LP now owns 134,140 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 68,740 shares during the last quarter. Hedge funds and other institutional investors own 21.30% of the company’s 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.

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