Pennsylvania Real Estate Investment Trust (NYSE:PEI) insider have most recently took part in a trading activity. On Jun 19, 2017 Mccadden Robert F, EVP & CFO bought 10,000 shares having total worth of $108,800 at the price of $10.88 per share, following the transaction a total of 346,927 shares owned by Mccadden Robert F.
The stock has experienced a total of 3 insider trades in the past three months. These trades include 3 buy trades. Furthermore, over the past 12 months , the stock was traded 3 times by insiders. an employee of the company was the buyer in 3 instances.
|Time Frame||Number of Insider Buy||Number of Insider Sell||Stock Price Change(%)|
Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) traded down 2.48% on Jun 20, 2017, hitting $10.61. 2,980,289 shares of the company’s stock traded hands. Pennsylvania Real Estate Investment Trust has a 52 week low of $10.33 and a 52 week high of $25.52. The company’s market cap is $1,630 million.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) last announced its earnings results on Apr 25, 2017. The company reported 0.35 earnings per share (EPS) for the quarter. The company had revenue of $57 million for the quarter During the same quarter in the previous year, the company posted 0.43 earnings per share. The company’s revenue for the quarter was down 14% on a year-over-year basis.
|earnings per share||0.35||0.57||0.49||0.43||0.43||0.60||0.49||0.39||0.40||0.61|
Pennsylvania Real Estate Investment Trust is a Pennsylvania business trust, which was founded in 1960. It is a fully integrated, self-managed and self-administered real estate investment trust (REIT) in the United States. The Company is engaged in the ownership, management, leasing, development, redevelopment and acquisition of enclosed malls and strip and power centers. As of December 31, 2012, its portfolio consisted of a total of 49 properties in 13 states, including 38 shopping malls, eight strip and power centers and three development properties. The Company’s malls include national or regional department stores, large format retailers or other anchors and a diverse mix of national, regional and local in-line stores offering apparel, shoes, eyewear, cards and gifts, jewelry, books/music/movies, electronics and sporting goods, among other things. In addition, many of its malls also have restaurants, banks or other stores located on outparcels. In their geographic trade areas, its malls frequently serve as a central place for community, promotional and charitable events. The Company derives the majority of its revenue from rent received under leases with tenants for space at retail properties in its real estate portfolio. The Company competes with other public and private retail real estate companies, including companies that own or manage malls, strip centers, power centers, lifestyle centers, factory outlet centers, theme/festival centers and community centers, as well as other commercial real estate developers and real estate owners, particularly those with properties near its properties, on the basis of several factors, including location and rent charged.
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