Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target Lowered to $36.00 at Compass Point

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its target price reduced by stock analysts at Compass Point from $39.00 to $36.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Compass Point’s price target points to a potential upside of 10.70% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, January 30th. They set a “buy” rating and a $41.00 price objective for the company. Mizuho raised Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $35.00 to $37.00 in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.14.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock traded down $0.09 during trading hours on Monday, reaching $32.52. 78,874 shares of the company were exchanged, compared to its average volume of 616,351. Phillips Edison & Company, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $37.92. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 70.98, a P/E/G ratio of 3.69 and a beta of 0.55. The stock’s fifty day moving average is $34.60 and its two-hundred day moving average is $35.04.

Institutional Trading of Phillips Edison & Company, Inc.

Institutional investors and hedge funds have recently bought and sold shares of the business. ClariVest Asset Management LLC grew its stake in Phillips Edison & Company, Inc. by 73,077.5% in the 3rd quarter. ClariVest Asset Management LLC now owns 29,271 shares of the company’s stock valued at $981,000 after buying an additional 29,231 shares during the last quarter. LPL Financial LLC boosted its stake in Phillips Edison & Company, Inc. by 36.9% in the 3rd quarter. LPL Financial LLC now owns 348,035 shares of the company’s stock valued at $11,673,000 after purchasing an additional 93,719 shares during the period. Mutual of America Capital Management LLC increased its position in Phillips Edison & Company, Inc. by 54.2% during the third quarter. Mutual of America Capital Management LLC now owns 78,593 shares of the company’s stock worth $2,636,000 after acquiring an additional 27,641 shares during the period. FMR LLC boosted its stake in shares of Phillips Edison & Company, Inc. by 4.0% in the third quarter. FMR LLC now owns 4,874,206 shares of the company’s stock valued at $163,481,000 after buying an additional 186,651 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Phillips Edison & Company, Inc. by 7.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 294,243 shares of the company’s stock worth $10,905,000 after purchasing an additional 21,481 shares in the last quarter. Institutional investors and hedge funds 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.