Home Dividends High Dividend Yield Current Valuation: Pennsylvania Real Estate Investment Trust (NYSE: PEI)

Current Valuation: Pennsylvania Real Estate Investment Trust (NYSE: PEI)


Pennsylvania Real Estate Investment Trust is in the REITs industry and is part of the real estate sector. The company CEO is Joseph F. Coradino. Pennsylvania Real Estate Investment Trust is a self-managed and self-administered REIT in the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of retail shopping malls.

Previous Intraday Trading Performance:

The PEI stock showed a previous change of 1.45% with an open at 6.19 and a close of 6.28. It reached an intraday high of 6.29 and a low of 6.14.

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The stock has a market cap of $485.7m with 77.3m shares outstanding, of which the float is 73.8m shares. Trading volume reached 710,064 shares compared to its average volume of 1,633,706 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Pennsylvania Real Estate Investment Trust shares returned 2.95% and in the past 30 trading days it returned -3.84%. Over three months, it changed 6.06%. In one year it has changed -27.88% and within that year its 52-week high was 12.45 and its 52-week low was 5.51. PEI stock is 13.97% above its 52 Week Low.

Our calculations show a 200 day moving average of 8.24 and a 50 day moving average of 6.44. Currently PEI stock is trading -23.79% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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The last annual fiscal EPS for the company was reported at 1.55 that ended on 31st of December 2018. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.54. The TTM EPS is 1.55, which comes to a TTM PE of 4.05.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.52
09-30-2018:  0.35
06-30-2018:  0.39
03-31-2018:  0.29

The dividend per share is currently 0.84, which is a dividend yield of 13.38%. Also, the payout ratio is 54.19%, therefore the dividend is safe according to our calculations. PEI stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Base on our calculations, the intrinsic value per share is 4.70, which means it may be overvalued by -33.70%

Indicators to Watch:

Based on the latest filings, there is 125.20% of institutional ownership. Short-interest is 20,161,649, which is 26.07% of shares outstanding. The short-interest ratio or days-to-cover ratio is 11.20. This stock has a high level of short interest and may fall in value in the near term.

The current calculated beta is 1.53

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -26.35%, return on assets is -5.64%, profit margin is -47.20%, price-to-sales is 1.75 and price-to-book is 1.09.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 0  :Past Performance Score
 2  :Financial Strength Score
 0  :Future Growth Score
 5  :Dividend Score
 1  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.