Pennsylvania Real Estate Investment Trust shares set to split upside down on Thursday, June 16 (NYSE:PEI)


Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI – Get Rating) will split upside down on Thursday, June 16. The reverse 1-15 split was announced on Thursday, June 16. The number of shares held by shareholders will be adjusted after market close on Thursday, June 16.

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 company’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 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 began covering 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 changed their positions in the stock. Virtu Financial LLC increased its stake in Pennsylvania Real Estate Investment Trust by 112.4% in Q1. Virtu Financial LLC now owns 110,873 shares of the real estate investment trust worth $70,000 after acquiring an additional 58,661 shares during the period. Lido Advisors LLC increased its stake 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 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 Q4 valued at $154,000. Squarepoint Ops LLC increased its position in Pennsylvania Real Estate Investment Trust by 5.3% in Q3. Squarepoint Ops LLC now owns 198,286 shares of the real estate investment trust worth $385,000 after purchasing an additional 9,908 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Pennsylvania Real Estate Investment Trust by 105.1% in the third quarter. Two Sigma Investments LP now owns 134,140 shares of the real estate investment trust worth $260,000 after buying an additional 68,740 shares in the last quarter. Hedge funds and other institutional investors own 21.30% of the company’s shares.

Pennsylvania Real Estate Investment Trust Company Profile (Get a rating)

PREIT (NYSE: PEI) is a publicly traded real estate investment trust that owns and manages quality properties in attractive markets. PREIT’s strong portfolio of carefully curated retail and lifestyle offerings, blended with destination dining and entertainment experiences, is primarily located in the densely populated eastern United States.

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