Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Average Rating of “Moderate Buy” by Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $38.83.

A number of brokerages have recently issued reports on PECO. Wells Fargo & Company reduced their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday. Mizuho lowered their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in Phillips Edison & Company, Inc. in the third quarter valued at approximately $36,000. State of Wyoming purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at about $54,000. Allworth Financial LP grew its position in Phillips Edison & Company, Inc. by 94.6% during the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock worth $58,000 after acquiring an additional 788 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in Phillips Edison & Company, Inc. during the 4th quarter worth approximately $68,000. Finally, FIL Ltd increased its stake in Phillips Edison & Company, Inc. by 17.8% in the 4th quarter. FIL Ltd now owns 2,155 shares of the company’s stock worth $81,000 after purchasing an additional 325 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 0.8 %

PECO stock opened at $35.96 on Friday. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12. The stock has a 50-day moving average price of $36.10 and a 200-day moving average price of $37.26. The firm has a market cap of $4.50 billion, a PE ratio of 71.92, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. On average, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.00%.

About Phillips Edison & Company, Inc.

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.