Phillips Edison & Company, Inc. (PECO) Projected to Post Earnings on Thursday

Phillips Edison & Company, Inc. (NASDAQ:PECO) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $168.03 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Phillips Edison & Company, Inc. Trading Down 1.7 %

Shares of PECO opened at $36.29 on Thursday. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 78.89, a PEG ratio of 3.13 and a beta of 0.59. The stock has a 50 day moving average of $37.78 and a 200 day moving average of $37.10. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were paid a $0.1025 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.’s payout ratio is presently 267.39%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PECO shares. Mizuho upped their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Moderate Buy” and a consensus price target of $39.50.

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.