Analysts Set Phillips Edison & Company, Inc. (NASDAQ:PECO) PT at $37.50

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $37.50.

PECO has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. Mizuho boosted their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Compass Point boosted their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th.

Institutional Trading of Phillips Edison & Company, Inc.

Several large investors have recently modified their holdings of PECO. Duff & Phelps Investment Management Co. bought a new stake in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $32,120,000. Cetera Investment Advisers increased its stake in Phillips Edison & Company, Inc. by 240.9% during the first quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company’s stock valued at $41,971,000 after acquiring an additional 826,891 shares during the period. Vanguard Group Inc. raised its holdings in Phillips Edison & Company, Inc. by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 19,337,030 shares of the company’s stock valued at $693,619,000 after acquiring an additional 577,445 shares in the last quarter. Cetera Advisors LLC raised its holdings in Phillips Edison & Company, Inc. by 60.4% in the 1st quarter. Cetera Advisors LLC now owns 791,147 shares of the company’s stock valued at $28,378,000 after acquiring an additional 297,945 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Phillips Edison & Company, Inc. in the second quarter worth $8,397,000. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Down 0.0 %

Shares of NASDAQ PECO opened at $37.80 on Thursday. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 82.17, a PEG ratio of 3.47 and a beta of 0.57. The stock’s fifty day simple moving average is $37.27 and its 200 day simple moving average is $34.61. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $39.08.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The business had revenue of $165.50 million for the quarter, compared to analysts’ expectations of $157.20 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be given a $0.1025 dividend. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.25%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 267.39%.

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.