Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Phillips Edison & Company, Inc. Trading Down 1.1 %
NASDAQ PECO opened at $32.02 on Thursday. The stock’s 50 day moving average is $34.85 and its 200 day moving average is $35.05. Phillips Edison & Company, Inc. has a 12 month low of $27.85 and a 12 month high of $37.92. The stock has a market cap of $3.91 billion, a PE ratio of 69.61, a P/E/G ratio of 3.67 and a beta of 0.55.
Phillips Edison & Company, Inc. Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.0975 dividend. The ex-dividend date is Friday, April 12th. This is a boost from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.17 dividend on an annualized basis and a yield of 3.65%. Phillips Edison & Company, Inc.’s payout ratio is currently 254.35%.
Institutional Investors Weigh In On Phillips Edison & Company, Inc.
Analyst Ratings Changes
PECO has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Mizuho upgraded Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $37.00 in a report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Phillips Edison & Company, Inc. in a report on Tuesday, January 30th. They set a “buy” rating and a $41.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and a consensus price target of $38.14.
View Our Latest Stock Analysis on PECO
Phillips Edison & Company, Inc. Company Profile
Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.
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