Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Consensus Rating of “Hold” by Analysts

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $37.50.

A number of equities analysts have weighed in on the stock. Mizuho increased their target price on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th. Finally, Compass Point boosted their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th.

Phillips Edison & Company, Inc. Trading Up 0.7 %

Phillips Edison & Company, Inc. stock opened at $38.08 on Thursday. The business’s 50 day simple moving average is $37.30 and its 200 day simple moving average is $34.67. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $39.08. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 82.78, a PEG ratio of 3.47 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly 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). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The firm had revenue of $165.50 million for the quarter, compared to analysts’ expectations of $157.20 million. During the same period in the prior year, the company earned $0.58 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.23 annualized dividend and a yield of 3.23%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 267.39%.

Institutional Trading of Phillips Edison & Company, Inc.

Several institutional investors and hedge funds have recently bought and sold shares of PECO. V Square Quantitative Management LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at about $28,000. 1620 Investment Advisors Inc. purchased a new stake in Phillips Edison & Company, Inc. in the second quarter valued at approximately $26,000. Hobbs Group Advisors LLC bought a new stake in Phillips Edison & Company, Inc. during the second quarter valued at approximately $39,000. PFG Private Wealth Management LLC purchased a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $62,000. Finally, Blue Trust Inc. grew its stake in Phillips Edison & Company, Inc. by 160.2% in the 2nd quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock worth $75,000 after buying an additional 1,290 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

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.