Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Rating) issued its earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.41), MarketWatch Earnings reports. Phillips Edison & Company, Inc. had a return on equity of 0.67% and a net margin of 2.84%. Phillips Edison & Company, Inc. updated its FY22 guidance to $2.18-2.24 EPS.
Shares of Phillips Edison & Company, Inc. stock traded down $0.49 during trading on Friday, reaching $33.51. 604,107 shares of the company were exchanged, compared to its average volume of 840,800. Phillips Edison & Company, Inc. has a twelve month low of $26.51 and a twelve month high of $36.35. The business has a 50-day moving average price of $34.22 and a 200-day moving average price of $32.96. The firm has a market capitalization of $3.80 billion and a price-to-earnings ratio of 145.70.
The firm also recently declared a monthly dividend, which was paid on Monday, May 2nd. Stockholders of record on Friday, April 15th were given a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, April 13th. Phillips Edison & Company, Inc.’s dividend payout ratio is 469.57%.
PECO has been the topic of a number of research reports. Compass Point initiated coverage on Phillips Edison & Company, Inc. in a report on Friday, April 22nd. They issued a “neutral” rating and a $36.50 target price on the stock. Mizuho upped their price objective on shares of Phillips Edison & Company, Inc. from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, February 15th. Zacks Investment Research upgraded shares of 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. Wolfe Research started coverage on shares of Phillips Edison & Company, Inc. in a research note on Monday, January 10th. They issued an “outperform” rating on the stock. Finally, Morgan Stanley downgraded Phillips Edison & Company, Inc. from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a research report on Wednesday, March 9th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $34.50.
About Phillips Edison & Company, Inc. (Get Rating)
Phillips Edison & Company, Inc (PECO), 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.
- Get a free copy of the StockNews.com research report on Phillips Edison & Company, Inc. (PECO)
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