Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $39.50 Consensus PT from Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $39.50.

PECO has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Mizuho increased their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Wells Fargo & Company reduced their price objective on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Wednesday, November 13th.

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

Large investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the third quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in shares of Phillips Edison & Company, Inc. in the third quarter worth $36,000. Allworth Financial LP boosted its holdings in shares of Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after acquiring an additional 788 shares during the period. Kapitalo Investimentos Ltda bought a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth $68,000. Finally, FIL Ltd boosted its holdings in shares of Phillips Edison & Company, Inc. by 17.8% in the fourth quarter. FIL Ltd now owns 2,155 shares of the company’s stock worth $81,000 after acquiring an additional 325 shares during the period. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Down 1.8 %

PECO stock opened at $36.58 on Friday. The firm has a market cap of $4.48 billion, a PE ratio of 73.16, a P/E/G ratio of 1.76 and a beta of 0.58. The business has a 50 day moving average of $37.16 and a 200-day moving average of $37.27. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 246.00%.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.