Shares of PEI are trading 9% higher today. A quick overview:

Shares of Pennsylvania Real Estate Investment (PEI) are trading 9% higher at a price of $5.375 at the time of this writing.

The stock is moving up thanks to a strong second quarter performance.

Additionally, they are expanding roster of retailers are set to join the lineup at flagship properties. These include Macy's, JCPenney, Sears and Kohl's.

Pennsylvania Real Estate Investment has been trading between a 52-week high of $33.45 and a 52-week low of $3.24. The stock has a market cap of $433 Million.

PREIT is a publicly traded real estate investment trust that owns and manages distinctive real estate in high barrier-to-entry markets at the forefront of enabling communities through the built environment. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in densely-populated, high barrier-to-entry markets with tremendous opportunity to create vibrant multi-use destinations.