Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $39.00 Consensus PT from Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $39.00.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Mizuho cut their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Wolfe Research raised Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company cut their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter valued at about $36,000. State of Wyoming acquired a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at about $54,000. Allworth Financial LP grew its position in shares of Phillips Edison & Company, Inc. by 94.6% during the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock valued at $58,000 after acquiring an additional 788 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at about $68,000. Finally, FIL Ltd grew its position in shares of Phillips Edison & Company, Inc. by 17.8% during the 4th quarter. FIL Ltd now owns 2,155 shares of the company’s stock valued at $81,000 after acquiring an additional 325 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock opened at $35.95 on Wednesday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The stock’s 50 day simple moving average is $36.49 and its two-hundred day simple moving average is $37.40. The company has a market cap of $4.50 billion, a PE ratio of 71.90, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $0.1025 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.23 dividend on an annualized basis and a yield of 3.42%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 246.00%.

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.