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The Trust's primary business is owning and operating shopping malls and power and strip centers.
too much debt, tough environment for its portfolio.
I live near 3 of the malls that they run. On any day you can go in to any of them, and they have a constant stream of people. I don't go anywhere near them during the holidays. Nice and stable.
Pennsylvania R.E.I.T. (PEI) owns and operates shopping malls and power and strip centers.PEI fits both my eleven twenty-one and my three ten criterias in a big way.Even though I haven't picked PEI for my Volume Story (http://caps.fool.com/Blogs/the-volume-story/266251), PEI fits the Volume profile.Based on all 3 of these criterias, PEI should be a huge long term winner.I strongly believe that.Currently, PEI is still 30% off its 52W high, which I like as well.
Completed refinancing of several proprieties. Stock price will rise with economic rebound. Solid history, good dividend.
Are you kidding me, after the economy returns these guys are gonna kill it.
Short this stock right after x dividend. They have been out flanked by large strip centers. A large amount of income is comming from lease cancellations! Have you gone to there malls? They are ghost towns. Management use to own apartment buildings, not retail. They are in a panic remolding mode, but even when they are finished the parking is screwed. Also, wait to after shareholders meeting next month since they usually float rummers to silence shareholder dissent.
I don't know why this stock has a one star rating. The company owns, develops and operates shopping malls. Obviously the stock has been beaten down with the whole real estate mess in the states right now but is that going to stop people from going to malls and buying the stuff they need from day to day? Is that going to decimate retailers that pay the rent in these malls? I don't think so. I think this stock is an excellent value pay and the management has kicked out 125 consecutive quarters of dividends without a decrease. Enough said. I think this one needs some further research but the way I see it, this stock is worth a second look. My only caveat regarding this stock is the relatively low volume on it. I think that given the dividend that this stock is an easy stock to consider and that in a two to three year time frame it will out perform the broader S&P. I do not own shares of this stock presently.
commercial real estate
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