PEI News and Press, Pennsylvania Real Estate Investment Trust From 06/23/21

Tony Anderson/DigitalVision via Getty Images Pennsylvania Real Estate Investment Trust (PEI) highlights the strong recovery and continued optimism for its mall portfolio in May, as economies continue to ease pandemic restrictions. Shares of PEI surge 12% following the report. On ave...

PREIT Celebrates the Strong Consumer and the Positive Implications for the Pace and Strength of Industry Recovery PR Newswire PHILADELPHIA , June 23, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading real estate owner and developer, redefining the future of ...

U.S. equity markets slid to their worst week since February after the Federal Reserve accelerated its "lift-off" plans in response to surging inflation, sparking a sell-off in economically sensitive assets. Snapping a three-week winning streak and retreating from record-highs set...

U.S. equity markets rallied to fresh record highs this past week as long-term interest rates retreated despite inflation data showing the highest annual rise in consumer prices in decades. A seemingly insatiable bid for Treasury Bonds - a counterintuitive trend that some analysts like...

Ahead of the 2021 Nareit Investor Conference, a quick look at the REIT sector, developments and weekly statistics.Of the latest reported, REITs rose in the June 2 week ending with total return of 2% on the FTSE Nareit All Equity REITs Index thereby pushing YTD return to 18.1%.All property sec...

Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Mond...

PREIT to Present at REITWeek® 2021: NAREIT's Investor Forum PR Newswire PHILADELPHIA , June 3, 2021 /PRNewswire/ -- PREIT (NYSE: PEI) today announced that Chairman of the Board and Chief Executive Officer Joseph F. Coradino will present at NAREIT's REITW...

PREIT (PEI) stock soars as much as 33% to ~$3.42, its highest point since the pandemic battered mall REIT stocks in February 2020, and ~140% above its 200-day simple moving average.Some 16.5M shares changed hands by ~11:24 AM ET, almost 12x its three-month daily average.On Tuesday a...

U.S. equity markets rallied this past week as long-term inflation expectations eased following a lukewarm slate of economic data and as massive new government spending programs face diminishing public support. Snapping a two-week skid, the S&P 500 rallied 1.2% on the week. Bitcoin...

REITs extended their 2021 winning streak yet again with a +6.2% average total return in April. Large cap REITs (+8.78%) outperformed again in April, while micro caps (-0.70%) declined for the second month in a row. Eighty-nine percent of REIT securities had a positive total r...