Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Consensus Recommendation of “Buy” by Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) has earned a consensus rating of “Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $34.25.

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Phillips Edison & Company, Inc. from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, February 2nd. Mizuho upped their target price on Phillips Edison & Company, Inc. from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, February 15th. Morgan Stanley lowered Phillips Edison & Company, Inc. from an “overweight” rating to an “equal weight” rating and set a $37.00 target price on the stock. in a research report on Wednesday, March 9th. Wells Fargo & Company upped their target price on Phillips Edison & Company, Inc. from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 7th. Finally, Wolfe Research initiated coverage on Phillips Edison & Company, Inc. in a research report on Monday, January 10th. They issued an “outperform” rating on the stock.

Large investors have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV bought a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at approximately $25,000. Kozak & Associates Inc. bought a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth approximately $31,000. Asset Dedication LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth approximately $54,000. Motco bought a new stake in shares of Phillips Edison & Company, Inc. in the 4th quarter worth approximately $37,000. Finally, Advisor Group Holdings Inc. bought a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 29.90% of the company’s stock.

Shares of Phillips Edison & Company, Inc. stock opened at $34.96 on Friday. The stock has a 50-day moving average price of $33.39 and a 200 day moving average price of $32.60. Phillips Edison & Company, Inc. has a 1 year low of $26.51 and a 1 year high of $36.35.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Phillips Edison & Company, Inc. had a return on equity of 0.67% and a net margin of 2.84%. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.14 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Friday, April 15th will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Wednesday, April 13th.

Phillips Edison & Company, Inc. Company Profile (Get Rating)

Phillips Edison & Company, Inc (ÂPECOÂ), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States.

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Analyst Recommendations for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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