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

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three 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 objective among analysts that have updated their coverage on the stock in the last year is $38.83.

A number of research firms recently commented on PECO. Mizuho dropped their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th.

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock opened at $36.28 on Monday. The firm has a 50-day moving average of $35.39 and a 200-day moving average of $36.77. The stock has a market cap of $4.55 billion, a PE ratio of 72.56, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $178.31 million during the quarter, compared to analysts’ expectations of $170.59 million. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. Phillips Edison & Company, Inc.’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Monday, June 16th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 215.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PECO. Allspring Global Investments Holdings LLC acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter worth about $488,000. Barclays PLC raised its stake in Phillips Edison & Company, Inc. by 49.2% during the third quarter. Barclays PLC now owns 279,432 shares of the company’s stock worth $10,538,000 after acquiring an additional 92,129 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Phillips Edison & Company, Inc. by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company’s stock worth $80,371,000 after acquiring an additional 51,186 shares in the last quarter. Natixis Advisors LLC raised its stake in Phillips Edison & Company, Inc. by 24.8% during the fourth quarter. Natixis Advisors LLC now owns 54,647 shares of the company’s stock worth $2,047,000 after acquiring an additional 10,865 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Phillips Edison & Company, Inc. by 12.6% during the fourth quarter. LPL Financial LLC now owns 370,636 shares of the company’s stock worth $13,884,000 after acquiring an additional 41,468 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

About Phillips Edison & Company, Inc.

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.