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

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price objective cut by Mizuho from $41.00 to $38.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently weighed in on PECO. JPMorgan Chase & Co. decreased their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. 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 note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO opened at $36.31 on Tuesday. The business’s 50 day moving average price is $36.63 and its 200-day moving average price is $37.33. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 72.62, a price-to-earnings-growth ratio of 1.70 and a beta of 0.58.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) 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, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Monday, March 17th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 246.00%.

Institutional Trading of Phillips Edison & Company, Inc.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriflex Group Inc. acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at about $719,000. GF Fund Management CO. LTD. purchased a new position in Phillips Edison & Company, Inc. during the fourth quarter worth about $83,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Phillips Edison & Company, Inc. by 2.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 785,928 shares of the company’s stock valued at $29,441,000 after purchasing an additional 20,106 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Phillips Edison & Company, Inc. by 29.8% in the 4th quarter. Voloridge Investment Management LLC now owns 55,613 shares of the company’s stock valued at $2,083,000 after buying an additional 12,777 shares during the period. Finally, Sophron Capital Management L.P. acquired a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $4,582,000. 80.70% of the stock is owned by institutional investors and hedge funds.

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.