Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $39.50 Consensus PT from Analysts

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

Several research analysts have commented on PECO shares. Wolfe Research raised shares of 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 research note on Wednesday, November 13th. JPMorgan Chase & Co. dropped their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, Mizuho raised their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th.

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

A number of hedge funds have recently made changes to their positions in PECO. Cibc World Markets Corp bought a new position in Phillips Edison & Company, Inc. in the fourth quarter worth about $430,000. Natixis Advisors LLC lifted its position 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 valued at $2,047,000 after acquiring an additional 10,865 shares during the last quarter. Swiss National Bank boosted its stake in Phillips Edison & Company, Inc. by 0.8% in the fourth quarter. Swiss National Bank now owns 240,900 shares of the company’s stock valued at $9,024,000 after acquiring an additional 1,800 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Phillips Edison & Company, Inc. in the fourth quarter worth $849,000. Finally, HighTower Advisors LLC increased its position in shares of Phillips Edison & Company, Inc. by 5.1% during the fourth quarter. HighTower Advisors LLC now owns 33,009 shares of the company’s stock worth $1,236,000 after purchasing an additional 1,598 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Down 1.3 %

Shares of NASDAQ:PECO opened at $36.82 on Friday. The company has a 50-day moving average price of $37.33 and a 200 day moving average price of $37.23. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 73.64, a PEG ratio of 1.76 and a beta of 0.58.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping 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%. As a group, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a dividend of $0.1025 per share. This represents a yield of 3.13%. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. The ex-dividend date was Monday, December 16th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 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.