Mizuho Lowers Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target to $38.00

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its target price lowered by equities research analysts at Mizuho from $41.00 to $38.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 5.01% from the stock’s current price.

Several other analysts have also issued reports on PECO. Wells Fargo & Company reduced their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced 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 raised 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Phillips Edison & Company, Inc. Trading Up 2.0 %

PECO stock traded up $0.71 during midday trading on Tuesday, hitting $36.19. The stock had a trading volume of 169,958 shares, compared to its average volume of 563,004. The firm has a market cap of $4.53 billion, a P/E ratio of 72.36, a price-to-earnings-growth ratio of 1.70 and a beta of 0.58. The business has a fifty day moving average price of $36.75 and a two-hundred day moving average price of $37.34. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data 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 2.40% and a net margin of 9.48%. On average, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Institutional Trading of Phillips Edison & Company, Inc.

Several hedge funds have recently made changes to their positions in PECO. Legacy Investment Solutions LLC bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter worth approximately $36,000. State of Wyoming purchased a new stake in Phillips Edison & Company, Inc. during the fourth quarter valued at about $54,000. Allworth Financial LP lifted its position in Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after buying an additional 788 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in Phillips Edison & Company, Inc. in the fourth quarter worth $68,000. Finally, FIL Ltd boosted its stake in shares of Phillips Edison & Company, Inc. by 17.8% during the fourth quarter. FIL Ltd now owns 2,155 shares of the company’s stock valued at $81,000 after purchasing an additional 325 shares during the period. 80.70% of the stock is currently owned by institutional investors.

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.