Analysts Anticipate Phillips Edison & Company, Inc. (NASDAQ:PECO) to Announce $0.51 EPS

Equities analysts expect that Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Rating) will post earnings per share (EPS) of $0.51 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Phillips Edison & Company, Inc.’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.53. The company is scheduled to issue its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Phillips Edison & Company, Inc. will report full year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.10 to $2.20. For the next year, analysts expect that the firm will report earnings of $2.34 per share, with EPS estimates ranging from $2.30 to $2.41. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Phillips Edison & Company, Inc..

Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Rating) last issued its quarterly earnings results on Wednesday, February 9th. The company reported ($0.05) 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%.

A number of equities analysts recently weighed in on PECO shares. Wells Fargo & Company lifted their price target on Phillips Edison & Company, Inc. from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 7th. Mizuho boosted their price target on shares of Phillips Edison & Company, Inc. from $34.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, February 15th. Compass Point initiated coverage on shares of Phillips Edison & Company, Inc. in a research report on Friday. They set a “neutral” rating and a $36.50 price objective on the stock. 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. Finally, Wolfe Research began coverage on Phillips Edison & Company, Inc. in a report on Monday, January 10th. They set an “outperform” rating for the company. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Hold” and a consensus target price of $34.50.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its position in shares of Phillips Edison & Company, Inc. by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,776,609 shares of the company’s stock worth $91,739,000 after buying an additional 179,637 shares during the period. Wellington Management Group LLP bought a new position in Phillips Edison & Company, Inc. during the 3rd quarter valued at about $44,952,000. BlackRock Inc. grew its stake in Phillips Edison & Company, Inc. by 14.4% during the fourth quarter. BlackRock Inc. now owns 1,344,170 shares of the company’s stock worth $44,411,000 after buying an additional 169,196 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 9.4% during the fourth quarter. Millennium Management LLC now owns 1,259,498 shares of the company’s stock worth $41,614,000 after buying an additional 108,182 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Phillips Edison & Company, Inc. in the third quarter worth $36,119,000. Hedge funds and other institutional investors own 29.90% of the company’s stock.

Shares of NASDAQ:PECO traded down $0.34 on Tuesday, reaching $34.98. 691,552 shares of the company traded hands, compared to its average volume of 1,835,215. The company’s 50 day moving average is $33.83 and its 200-day moving average is $32.81. Phillips Edison & Company, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $36.35.

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

About Phillips Edison & Company, Inc. (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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