Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $39.00 Consensus Target Price from Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.00.

A number of analysts have commented on PECO shares. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. dropped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on shares of 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 decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th.

Phillips Edison & Company, Inc. Stock Down 0.6 %

Shares of PECO stock opened at $35.95 on Wednesday. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 71.90, a P/E/G ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The firm has a fifty day moving average of $36.49 and a 200-day moving average of $37.40.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.42%. The ex-dividend date is Monday, March 17th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 246.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriflex Group Inc. acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter worth $719,000. GF Fund Management CO. LTD. purchased a new stake in Phillips Edison & Company, Inc. during the fourth quarter worth about $83,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Phillips Edison & Company, Inc. by 2.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 785,928 shares of the company’s stock worth $29,441,000 after buying an additional 20,106 shares during the last quarter. Voloridge Investment Management LLC boosted its position in Phillips Edison & Company, Inc. by 29.8% during the fourth quarter. Voloridge Investment Management LLC now owns 55,613 shares of the company’s stock worth $2,083,000 after purchasing an additional 12,777 shares during the period. Finally, Sophron Capital Management L.P. bought a new position in Phillips Edison & Company, Inc. during the fourth quarter worth about $4,582,000. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Company Profile

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.