Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $38.43 Average Price Target from Analysts

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $38.43.

PECO has been the topic of several recent analyst reports. Wolfe Research raised 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 report on Wednesday, November 13th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. Compass Point boosted their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Mizuho upped their price target on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, August 19th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sei Investments Co. acquired a new position in Phillips Edison & Company, Inc. in the 1st quarter worth approximately $1,202,000. Russell Investments Group Ltd. boosted its position in shares of Phillips Edison & Company, Inc. by 49.8% in the first quarter. Russell Investments Group Ltd. now owns 37,603 shares of the company’s stock worth $1,349,000 after buying an additional 12,493 shares during the period. American International Group Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 1.1% during the first quarter. American International Group Inc. now owns 65,003 shares of the company’s stock valued at $2,332,000 after buying an additional 699 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Phillips Edison & Company, Inc. by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 62,874 shares of the company’s stock valued at $2,256,000 after buying an additional 4,916 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in Phillips Edison & Company, Inc. by 15,338.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 175,376 shares of the company’s stock worth $6,291,000 after acquiring an additional 174,240 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock opened at $39.50 on Monday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The stock has a fifty day moving average of $37.89 and a two-hundred day moving average of $35.49. The firm has a market capitalization of $4.84 billion, a PE ratio of 85.87, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.52). The company had revenue of $165.50 million during the quarter, compared to analyst estimates of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 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.