NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $17.02, above its previous 52-week high of $16.57 with 404,406 shares traded as of 11:06 a.m. ET. Average volume has been 376,100 shares over the past 30 days.
Pennsylvania REIT has a market cap of $879.8 million and is part of the
industry. Shares are up 14% year to date as of the close of trading on Thursday.
Pennsylvania Real Estate Investment Trust (PREIT) is a publicly owned equity real estate investment trust. The firm manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern United States.
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TheStreet Ratings rates Pennsylvania REIT as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in stock price during the past year and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and poor profit margins. You can view the full
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