Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Average Rating of “Moderate Buy” from Brokerages

Phillips Edison & Company, Inc. (NASDAQ:PECO) has earned an average rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $39.00.

A number of research firms have issued reports on PECO. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Wednesday, November 13th. Compass Point boosted their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Mizuho raised their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $38.22 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 market capitalization of $4.69 billion, a P/E ratio of 83.09, a P/E/G ratio of 3.60 and a beta of 0.57. The company’s 50-day moving average is $38.48 and its 200 day moving average is $36.31.

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

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.1025 per share. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. The ex-dividend date of this dividend is Monday, December 16th. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 267.39%.

Institutional Trading of Phillips Edison & Company, Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in Phillips Edison & Company, Inc. during the third quarter valued at approximately $28,000. 1620 Investment Advisors Inc. purchased a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth $26,000. Legacy Investment Solutions LLC bought a new stake in shares of Phillips Edison & Company, Inc. in the third quarter worth $36,000. Blue Trust Inc. increased its position in Phillips Edison & Company, Inc. by 160.2% during the second quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after acquiring an additional 1,290 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Phillips Edison & Company, Inc. in the second quarter valued at about $107,000. Institutional investors own 80.70% of the company’s stock.

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.