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

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $39.50.

PECO has been the topic of a number of analyst reports. Mizuho increased their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Wells Fargo & Company decreased their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Wednesday, November 13th.

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of Phillips Edison & Company, Inc. by 49.2% during the 3rd quarter. Barclays PLC now owns 279,432 shares of the company’s stock valued at $10,538,000 after buying an additional 92,129 shares during the period. Charles Schwab Investment Management Inc. grew its position in Phillips Edison & Company, Inc. by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock valued at $78,977,000 after acquiring an additional 102,519 shares during the period. Duff & Phelps Investment Management Co. increased its stake in Phillips Edison & Company, Inc. by 50.1% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock worth $55,589,000 after acquiring an additional 492,160 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 132.6% in the 3rd quarter. Natixis Advisors LLC now owns 43,782 shares of the company’s stock worth $1,651,000 after purchasing an additional 24,963 shares during the period. Finally, Verition Fund Management LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 191.3% in the 3rd quarter. Verition Fund Management LLC now owns 22,802 shares of the company’s stock valued at $860,000 after purchasing an additional 14,975 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $37.32 on Friday. The firm’s 50-day moving average is $37.38 and its two-hundred day moving average is $37.17. The company has a market capitalization of $4.58 billion, a PE ratio of 81.13, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. On average, analysts forecast that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a $0.1025 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 267.39%.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.