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

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) have been given a consensus rating of “Hold” by the eleven brokerages that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $34.44.

A number of analysts recently weighed in on the stock. Compass Point assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Friday, April 22nd. They set a “neutral” rating and a $36.50 target price on the stock. Morgan Stanley lowered 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 upped 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 report on Tuesday, February 15th. Wells Fargo & Company upped their target price on shares of 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. Finally, Zacks Investment Research cut shares of Phillips Edison & Company, Inc. from a “buy” rating to a “hold” rating in a research note on Thursday, May 19th.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 579.0% in the 1st quarter. Vanguard Group Inc. now owns 10,505,954 shares of the company’s stock valued at $361,300,000 after purchasing an additional 8,958,751 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Phillips Edison & Company, Inc. by 313.4% in the 1st quarter. Wellington Management Group LLP now owns 7,725,477 shares of the company’s stock valued at $265,679,000 after purchasing an additional 5,856,834 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Phillips Edison & Company, Inc. by 443.8% in the 1st quarter. BlackRock Inc. now owns 7,310,113 shares of the company’s stock valued at $251,393,000 after purchasing an additional 5,965,943 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Phillips Edison & Company, Inc. by 59.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,416,091 shares of the company’s stock valued at $151,870,000 after purchasing an additional 1,639,482 shares in the last quarter. Finally, State Street Corp raised its holdings in Phillips Edison & Company, Inc. by 454.2% during the 1st quarter. State Street Corp now owns 1,964,005 shares of the company’s stock valued at $67,579,000 after buying an additional 1,609,638 shares during the last quarter. 36.58% of the stock is owned by institutional investors.

NASDAQ PECO opened at $34.43 on Friday. The company’s 50 day moving average is $34.31 and its 200-day moving average is $33.17. Phillips Edison & Company, Inc. has a 12-month low of $26.51 and a 12-month high of $36.35. The firm has a market cap of $3.90 billion and a P/E ratio of 149.70.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.41). Phillips Edison & Company, Inc. had a return on equity of 1.06% and a net margin of 4.61%. As a group, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.18 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 1st. Stockholders of record on Friday, July 15th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.14%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 469.57%.

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.

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

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