When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
TCO - Pennsylvania REIT Is An A-Mall Owner Trading Like Junk
Taubman Centers Inc.
Pennsylvania Real Estate Investment Trust (PEI), often referred to as PREIT, keeps on falling, now trading below $3.5 per share. The share price is down almost 40% YTD and the dividend yield has skyrocketed to almost 25% (many investors have likely been fretting whether PEI would declare a flat quarterly dividend, and this morning it announced that it will indeed pay $0.21/sh for the quarter).
Data by YCharts
There exists extreme pessimism in the mall space, with no end in sight. Just ten days ago, Simon Property (SPG) agreed to acquire