Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $38.43 Average PT from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $38.43.

A number of equities research analysts recently commented on the company. 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. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Compass Point increased 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. Finally, Mizuho increased 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.

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

Hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth $28,000. 1620 Investment Advisors Inc. bought a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $26,000. Legacy Investment Solutions LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at $36,000. Hobbs Group Advisors LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $39,000. Finally, PFG Private Wealth Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $62,000. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $39.80 on Monday. The firm has a market cap of $4.88 billion, a P/E ratio of 86.67, a P/E/G ratio of 3.61 and a beta of 0.57. The business’s fifty day moving average is $37.81 and its two-hundred day moving average is $35.36. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The firm had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. During the same period last year, the company earned $0.58 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.42 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 Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.1025 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a yield of 3.09%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 267.39%.

About Phillips Edison & Company, Inc.

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.