Brokerages Set Phillips Edison & Company, Inc. (NASDAQ:PECO) PT at $38.43

Phillips Edison & Company, Inc. (NASDAQ:PECO) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $38.43.

Several research analysts have recently commented on the company. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a report on Wednesday, November 13th. Mizuho boosted their price objective on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Compass Point increased their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $34.00 to $37.00 in a research note on Wednesday, August 28th.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $39.50 on Monday. The stock has a market capitalization of $4.84 billion, a P/E ratio of 85.87, a PEG ratio of 3.65 and a beta of 0.57. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12. The firm’s 50 day simple moving average is $37.87 and its two-hundred day simple moving average is $35.42.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.52). The business had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS. As a group, equities analysts expect that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.’s payout ratio is currently 267.39%.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Institutional investors and hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in Phillips Edison & Company, Inc. in the third quarter worth about $28,000. 1620 Investment Advisors Inc. purchased a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at approximately $26,000. Legacy Investment Solutions LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the third quarter valued at approximately $36,000. Hobbs Group Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. in the second quarter worth $39,000. Finally, PFG Private Wealth Management LLC bought a new position in Phillips Edison & Company, Inc. in the second quarter worth $62,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.