Pennsylvania Real Estate Investment Trust (PEI) : During the past 4 weeks, traders have been relatively bearish on Pennsylvania Real Estate Investment Trust (PEI), hence the stock is down -6.64% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.2% relative to the S&P 500. The 4-week change in the price of the stock is -7.14% and the stock has fallen -4.04% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.53% and the 50-Day Moving Average is 4.38%.The 200 Day SMA reached 6.6%
Pennsylvania Real Estate Investment Trust (NYSE:PEI): After opening at $23, the stock dipped to an intraday low of $22.685 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.22 and the buying power remained strong till the end. The stock closed at $23.03 for the day, a gain of 0.92% for the day session. The total traded volume was 933,047. The stocks close on the previous trading day was $23.03.
Pennsylvania Real Estate Investment Trust (PEI) : The highest short term price target forecast on Pennsylvania Real Estate Investment Trust (PEI) is $30 and the lowest target price is $22. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $26.8 with a standard deviation of $2.95.
Pennsylvania Real Estate Investment Trust (PREIT) is an integrated, self-managed and self-administered real estate investment trusts (REIT). The Company is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls. The Company owns interests in approximately 42 retail properties, of which 38 are operating properties and four are development properties. The 38 operating properties include approximately 32 shopping malls and over six other retail properties, have a total of approximately 28.6 million square feet and are located in 11 states. Its property portfolio includes Cherry Hill Mall, New Jersey, Willow Grove Park, Pennsylvania, New River Valley Mall, Lycoming Mall, Palmer Park Mall, Uniontown Mall, Washington Crown Center and Beaver Valley Mall, among others. Its portfolio also includes other retail properties, including power centers, street level retail, office properties and properties under redevelopment.