Analysts Set Phillips Edison & Company, Inc. (NASDAQ:PECO) PT at $38.83

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $38.83.

PECO has been the subject of several research analyst reports. Mizuho lowered their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company lowered their target price 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. Finally, JPMorgan Chase & Co. reduced their price target 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 Investors Weigh In On Phillips Edison & Company, Inc.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Phillips Edison & Company, Inc. by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company’s stock worth $723,815,000 after purchasing an additional 82,913 shares during the last quarter. Wellington Management Group LLP raised its holdings in Phillips Edison & Company, Inc. by 2.2% in the fourth quarter. Wellington Management Group LLP now owns 7,537,917 shares of the company’s stock worth $282,370,000 after buying an additional 161,963 shares during the last quarter. State Street Corp raised its holdings in Phillips Edison & Company, Inc. by 0.3% in the third quarter. State Street Corp now owns 7,068,684 shares of the company’s stock worth $267,289,000 after buying an additional 18,429 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company’s stock worth $120,347,000 after buying an additional 19,205 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 14.6% during the fourth quarter. FMR LLC now owns 3,026,358 shares of the company’s stock valued at $113,367,000 after buying an additional 385,983 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Up 1.0 %

Shares of Phillips Edison & Company, Inc. stock opened at $36.86 on Friday. The business has a 50 day moving average of $36.12 and a 200 day moving average of $37.23. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The company has a market cap of $4.61 billion, a PE ratio of 73.72, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. On average, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Tuesday, April 15th. 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.