Phillips Edison & Company, Inc. (PECO) Set to Announce Earnings on Thursday

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect Phillips Edison & Company, Inc. to post earnings of $0.50 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) last posted 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%. On average, analysts expect Phillips Edison & Company, Inc. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ PECO opened at $34.64 on Thursday. The company has a 50 day moving average price of $33.88 and a two-hundred day moving average price of $32.83. Phillips Edison & Company, Inc. has a 12-month low of $26.51 and a 12-month high of $36.35.

The company also recently declared a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Friday, April 15th will be given a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, April 13th.

A number of research analysts have commented on the stock. Mizuho raised their price target 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. Zacks Investment Research raised Phillips Edison & Company, Inc. from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, February 2nd. Wells Fargo & Company boosted their target price on Phillips Edison & Company, Inc. from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, April 7th. Compass Point initiated coverage on shares of Phillips Edison & Company, Inc. in a research report on Friday, April 22nd. They issued a “neutral” rating and a $36.50 price objective for the company. Finally, Wolfe Research initiated coverage on shares of Phillips Edison & Company, Inc. in a research report on Monday, January 10th. They set an “outperform” rating for the company. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and an average price target of $34.50.

A number of hedge funds have recently bought and sold shares of PECO. Wells Fargo & Company MN boosted its stake in shares of Phillips Edison & Company, Inc. by 20,105.3% during the 4th quarter. Wells Fargo & Company MN now owns 19,195 shares of the company’s stock worth $634,000 after acquiring an additional 19,100 shares during the period. Norges Bank bought a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $548,000. Credit Suisse AG bought a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $481,000. The Manufacturers Life Insurance Company boosted its stake in shares of Phillips Edison & Company, Inc. by 12.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,676 shares of the company’s stock worth $386,000 after acquiring an additional 1,319 shares during the period. Finally, Morgan Stanley bought a new position in shares of Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $319,000. Hedge funds and other institutional investors own 29.90% of the company’s stock.

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.

Featured Articles

Receive News & Ratings for Phillips Edison & Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips Edison & Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.