Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Consensus Rating of “Hold” from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $37.50.

Several analysts have recently weighed in on PECO shares. Mizuho boosted their price target on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Finally, Compass Point boosted their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in PECO. GRS Advisors LLC acquired a new position in Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $26,042,000. Coppell Advisory Solutions Corp. acquired a new position in Phillips Edison & Company, Inc. in the first quarter valued at approximately $607,000. Harbor Capital Advisors Inc. lifted its stake in Phillips Edison & Company, Inc. by 67.1% in the second quarter. Harbor Capital Advisors Inc. now owns 77,686 shares of the company’s stock valued at $2,541,000 after buying an additional 31,189 shares during the period. Cetera Investment Advisers lifted its stake in Phillips Edison & Company, Inc. by 240.9% in the first quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company’s stock valued at $41,971,000 after buying an additional 826,891 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Phillips Edison & Company, Inc. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,759,585 shares of the company’s stock valued at $684,350,000 after buying an additional 266,832 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $36.51 on Friday. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $39.08. The company has a market capitalization of $4.47 billion, a P/E ratio of 79.37, a P/E/G ratio of 3.53 and a beta of 0.57. The stock has a fifty day moving average of $36.54 and a 200-day moving average of $34.29.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). The company had revenue of $161.52 million during the quarter, compared to analyst estimates of $156.29 million. Phillips Edison & Company, Inc. had a net margin of 9.32% and a return on equity of 2.23%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.1025 dividend. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Tuesday, October 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 267.39%.

Phillips Edison & Company, Inc. Company Profile

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.