Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $38.83.

PECO has been the topic of a number of recent research reports. Mizuho reduced their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PECO. Vanguard Group Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company’s stock valued at $723,815,000 after purchasing an additional 82,913 shares during the period. Wellington Management Group LLP increased its stake in Phillips Edison & Company, Inc. by 2.2% during the 4th quarter. Wellington Management Group LLP now owns 7,537,917 shares of the company’s stock valued at $282,370,000 after buying an additional 161,963 shares during the period. State Street Corp raised its position in shares of Phillips Edison & Company, Inc. by 0.3% during the 3rd quarter. State Street Corp now owns 7,068,684 shares of the company’s stock worth $267,289,000 after buying an additional 18,429 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company’s stock worth $120,347,000 after acquiring an additional 19,205 shares during the period. Finally, FMR LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 14.6% in the fourth quarter. FMR LLC now owns 3,026,358 shares of the company’s stock valued at $113,367,000 after acquiring an additional 385,983 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $34.98 on Friday. The company has a market capitalization of $4.38 billion, a P/E ratio of 69.96, a PEG ratio of 1.70 and a beta of 0.57. The company has a 50-day moving average of $36.12 and a 200-day moving average of $37.19. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share 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%. As a group, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.1025 dividend. This represents a $1.23 annualized dividend and a yield of 3.52%. The ex-dividend date is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend 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.