Pennsylvania Real Estate Investment Trust (PEI) Plunges 5.61% on September 02

Equities Staff  |

Pennsylvania Real Estate Investment Trust (PEI) had a rough trading day for Wednesday September 02 as shares tumbled 5.61%, or a loss of $-0.06 per share, to close at $1.01. After opening the day at $1.07, shares of Pennsylvania Real Estate Investment Trust traded as high as $1.08 and as low as $1.00. Volume was 1.02 million shares over 3,206 trades, against an average daily volume of n/a shares and a total float of 79.49 million.

As a result of the decline, Pennsylvania Real Estate Investment Trust now has a market cap of $80.28 million. In the last year, shares of Pennsylvania Real Estate Investment Trust have traded between a range of $6.41 and $0.81, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Pennsylvania Real Estate Investment Trust, check out’s Stock Valuation Analysis report for PEI.

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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 including regional department stores and large format retailers. Its properties involve mall portfolio, redevelopment, speciality leasing, and partnerships and marketing. It derives the substantial majority of revenue from rent leases of retail properties in the real estate portfolio.

Pennsylvania Real Estate Investment Trust is based out of Philadelphia, PA and has some 233 employees. Its CEO is Joseph F. Coradino.

Pennsylvania Real Estate Investment Trust is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Pennsylvania Real Estate Investment Trust and to follow the company’s latest updates, you can visit the company’s profile page here: PEI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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