Compass Point Begins Coverage on Phillips Edison & Company, Inc. (NASDAQ:PECO)

Investment analysts at Compass Point began coverage on shares of Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) in a research report issued on Friday, Benzinga reports. The brokerage set a “neutral” rating and a $36.50 price target on the stock. Compass Point’s price objective would suggest a potential upside of 1.28% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research raised Phillips Edison & Company, Inc. from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Wednesday, February 2nd. Wolfe Research initiated coverage on Phillips Edison & Company, Inc. in a research report on Monday, January 10th. They issued an “outperform” rating for the company. Morgan Stanley cut shares of 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 report on Wednesday, March 9th. Mizuho lifted their target price on shares of Phillips Edison & Company, Inc. from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, February 15th. Finally, Wells Fargo & Company increased their price target on shares of Phillips Edison & Company, Inc. from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, April 7th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.50.

PECO stock opened at $36.04 on Friday. Phillips Edison & Company, Inc. has a one year low of $26.51 and a one year high of $36.35. The company’s 50 day moving average price is $33.70 and its two-hundred day moving average price is $32.73.

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

Several large investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV bought a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter worth approximately $25,000. Kozak & Associates Inc. purchased a new stake in Phillips Edison & Company, Inc. in the fourth quarter worth $31,000. Asset Dedication LLC bought a new position in Phillips Edison & Company, Inc. in the fourth quarter worth $54,000. Motco purchased a new position in Phillips Edison & Company, Inc. during the fourth quarter valued at $37,000. Finally, Advisor Group Holdings Inc. purchased a new position in Phillips Edison & Company, Inc. during the third quarter valued at $64,000. 29.90% of the stock is owned by hedge funds and other institutional investors.

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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