Brokerages Set Phillips Edison & Company, Inc. (NASDAQ:PECO) Target Price at $39.50

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $39.50.

Several analysts recently commented on PECO shares. Mizuho lifted their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Phillips Edison & Company, Inc. during the third quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth $36,000. Blue Trust Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after purchasing an additional 325 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Phillips Edison & Company, Inc. by 31.8% in the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after purchasing an additional 803 shares during the period. Finally, Tsfg LLC acquired a new position in Phillips Edison & Company, Inc. in the third quarter valued at about $127,000. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Trading Up 1.3 %

Shares of NASDAQ PECO opened at $35.93 on Tuesday. The company has a market capitalization of $4.41 billion, a P/E ratio of 78.11, a P/E/G ratio of 2.94 and a beta of 0.59. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The stock has a 50 day moving average of $38.33 and a 200-day moving average of $36.85.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. During the same period last year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts predict that Phillips Edison & Company, Inc. will post 2.43 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were issued a $0.1025 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 3.13%. This is an increase from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s payout ratio is currently 267.39%.

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.