NEW YORK (
) hit a new 52-week low Friday as it is currently trading at $7.83, below its previous 52-week low of $7.90 with 365,175 shares traded as of three p.m. ET. Average volume has been 611,700 shares over the past 30 days.
Pennsylvania REIT has a market cap of $453.3 million and is part of the
industry. Shares are down 44% 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, notable return on equity and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and weak operating cash flow. You can view the full
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