Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $38.43 Average PT from Brokerages

Phillips Edison & Company, Inc. (NASDAQ:PECO) has received an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $38.43.

Several equities research analysts recently weighed in on PECO shares. Wolfe Research raised 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 report on Wednesday, November 13th. 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 report on Wednesday, August 28th. Compass Point raised their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Mizuho raised their price objective on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, August 19th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. 1620 Investment Advisors Inc. bought a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth about $26,000. V Square Quantitative Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter worth about $36,000. Hobbs Group Advisors LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth about $39,000. Finally, PFG Private Wealth Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth about $62,000. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $39.80 on Monday. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $40.12. The business’s fifty day moving average is $37.81 and its 200-day moving average is $35.36. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 86.67, a PEG ratio of 3.61 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $157.20 million. During the same period last year, the business earned $0.58 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. As a group, research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.09%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.’s payout ratio 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.