Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Average Recommendation of “Hold” from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $38.43.

Several research firms recently issued reports on PECO. Compass Point lifted their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $34.00 to $37.00 in a research note on Wednesday, August 28th. Mizuho boosted their price objective on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. 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 for the company in a research note on Wednesday, November 13th.

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

A number of institutional investors have recently added to or reduced their stakes in PECO. V Square Quantitative Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter worth approximately $28,000. 1620 Investment Advisors Inc. bought a new stake in Phillips Edison & Company, Inc. in the second quarter valued at $26,000. Legacy Investment Solutions LLC acquired a new position in Phillips Edison & Company, Inc. during the third quarter worth $36,000. Hobbs Group Advisors LLC bought a new position in shares of Phillips Edison & Company, Inc. during the second quarter valued at $39,000. Finally, PFG Private Wealth Management LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $62,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Down 0.8 %

Phillips Edison & Company, Inc. stock opened at $39.50 on Monday. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The stock has a market cap of $4.84 billion, a P/E ratio of 85.87, a P/E/G ratio of 3.63 and a beta of 0.57. The company’s fifty day simple moving average is $37.89 and its 200-day simple moving average is $35.49.

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

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a $0.1025 dividend. This represents a $1.23 annualized dividend 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 (DPR) is presently 267.39%.

About Phillips Edison & Company, Inc.

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.