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

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $38.14.

A number of research analysts recently commented on PECO shares. Mizuho raised Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and increased their target price for the company from $35.00 to $37.00 in a research note on Friday, February 23rd. JPMorgan Chase & Co. lowered their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Compass Point cut their price objective on Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, January 30th. They set a “buy” rating and a $41.00 price objective on the stock.

Phillips Edison & Company, Inc. Trading Down 1.0 %

Shares of NASDAQ PECO opened at $33.10 on Thursday. The business has a 50-day moving average of $34.36 and a 200-day moving average of $34.97. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 71.96, a PEG ratio of 3.92 and a beta of 0.59. Phillips Edison & Company, Inc. has a 12 month low of $27.85 and a 12 month high of $37.92.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.0975 per share. The ex-dividend date is Monday, July 15th. This represents a $1.17 annualized dividend and a dividend yield of 3.53%. Phillips Edison & Company, Inc.’s payout ratio is 254.35%.

Institutional Trading of Phillips Edison & Company, Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its holdings in Phillips Edison & Company, Inc. by 46.4% in the third quarter. Public Employees Retirement System of Ohio now owns 868 shares of the company’s stock worth $29,000 after acquiring an additional 275 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at about $32,000. Quadrant Capital Group LLC grew its position in Phillips Edison & Company, Inc. by 197.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 790 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Phillips Edison & Company, Inc. by 207.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,543 shares of the company’s stock valued at $56,000 after purchasing an additional 1,041 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Phillips Edison & Company, Inc. in the fourth quarter worth about $73,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

About Phillips Edison & Company, Inc.

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.