Notable Dividend Flow: Can Pennsylvania Real Estate Investment Trust (NYSE:PEI) truly back claims of $0.21 dividends by Dec 15, 2016?

Notable Dividend Flow: Can Pennsylvania Real Estate Investment Trust (NYSE:PEI) truly back claims of $0.21 dividends by Dec 15, 2016?

Pennsylvania Real Estate Investment Trust (NYSE:PEI) is expected to pay $0.21 on Dec 15, 2016. The indicated annual dividend is $0.84. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Pennsylvania Real Estate Investment Trust’s current price of $19.37, the dividend is 1.08%. This dividend’s record date is Dec 1, 2016 and the announcement date is Oct 31, 2016. The stock closed at $19.37 during the last session. It is down 14.10% since April 25, 2016 and is downtrending. It has underperformed by 20.12% the S&P500.

Pennsylvania Real Estate Investment Trust is an integrated, self-managed and self-administered real estate investment trust (REIT). The company has a market cap of $1.35 billion. The Firm has a primary investment focus on retail shopping malls located in the eastern half of the United States. It currently has negative earnings. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls.

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.12, from 1.23 in 2016Q1. The ratio fall, as 18 funds sold all Pennsylvania R.E.I.T. shares owned while 55 reduced positions. 27 funds bought stakes while 63 increased positions. They now own 62.55 million shares or 2.96% less from 64.46 million shares in 2016Q1.
State Street Corporation holds 0.01% or 2.42M shares in its portfolio. Prudential Fincl holds 0.01% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI) for 169,476 shares. Cornerstone Cap Mgmt Hldg Lc, a New York-based fund reported 45,600 shares. The Japan-based Sumitomo Mitsui Tru Inc has invested 0% in Pennsylvania R.E.I.T. (NYSE:PEI). State Of Tennessee Treasury Department has 0.01% invested in the company for 54,996 shares. Virginia Retirement Et Al accumulated 107,600 shares or 0.03% of the stock. Macquarie Group Inc Limited holds 0% or 22,500 shares in its portfolio. Apg Asset Us holds 0.4% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI) for 2.40M shares. Gerstein Fisher has 0.17% invested in the company for 60,850 shares. Renaissance Limited Liability Co reported 803,000 shares or 0.03% of all its holdings. Whittier Tru holds 0.01% or 11,656 shares in its portfolio. Lazard Asset Mngmt Limited Com owns 62,082 shares or 0% of their US portfolio. Tfs Ltd Liability Company, a Pennsylvania-based fund reported 26,224 shares. Moreover, Kcg Holdings has 0.01% invested in Pennsylvania R.E.I.T. (NYSE:PEI) for 24,683 shares. Foundry Partners Ltd Liability has 481,949 shares for 0.59% of their US portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 3 selling transactions for $1.66 million net activity. Ioannou Andrew M. also sold $222,700 worth of Pennsylvania R.E.I.T. (NYSE:PEI) shares. CORADINO JOSEPH F sold 33,000 shares worth $735,570.

Pennsylvania R.E.I.T. (NYSE:PEI) Ratings Coverage

Out of 3 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. Pennslyvania Real Estate Investment Trust has been the topic of 4 analyst reports since January 26, 2016 according to StockzIntelligence Inc. The stock of Pennsylvania R.E.I.T. (NYSE:PEI) has “Underperform” rating given on Tuesday, January 26 by Barclays Capital. The stock of Pennsylvania R.E.I.T. (NYSE:PEI) earned “Buy” rating by Stifel Nicolaus on Wednesday, April 20. The stock of Pennsylvania R.E.I.T. (NYSE:PEI) earned “Outperform” rating by Boenning & Scattergood on Wednesday, April 6. The stock has “Underweight” rating given by Barclays Capital on Monday, March 7.

More news for Pennsylvania R.E.I.T. (NYSE:PEI) were recently published by: Wsj.com, which released: “Pennsylvania REIT Sheds Rest of Mall Laggards” on March 30, 2016. Prnewswire.com‘s article titled: “Research Reports Initiation on REIT Stocks — Realty Income, Simon Property …” and published on October 05, 2016 is yet another important article.

PEI Company Profile

Pennsylvania Real Estate Investment Trust (PREIT), incorporated on September 29, 1997, is an integrated, self-managed and self-administered real estate investment trust (REIT). The Firm has a primary investment focus on retail shopping malls located in the eastern half of the United States, primarily in the Mid-Atlantic region. The Firm is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Firm owns interests in approximately 33 retail properties, of which over 29 are operating properties and over four are development properties. The Company’s operating properties include over 25 shopping malls and over four other retail properties, have a total of approximately 24.3 million square feet and are located in over 10 states. The development and redevelopment portion of its portfolio contains over four properties in approximately three states, with over two are classified as mixed use (a combination of retail and other uses), one is classified as retail (redevelopment of The Gallery at Market East into the Fashion Outlets of Philadelphia) and one classified as other.

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