NEW YORK (
) -- The ex-dividend date for
) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $8.62 as of 9:30 a.m. ET, the dividend yield is 7%.
The average volume for Pennsylvania REIT has been 567,700 shares per day over the past 30 days. Pennsylvania REIT has a market cap of $474.3 million and is part of the
industry. Shares are down 42.5% year to date as of the close of trading on Friday.
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 revenue growth, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and a generally disappointing performance in the stock itself. You can view the full