Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) has earned an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $37.50.
Several equities research analysts have recently weighed in on PECO shares. Mizuho boosted 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Finally, Compass Point increased 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.
Read Our Latest Stock Analysis on Phillips Edison & Company, Inc.
Institutional Investors Weigh In On Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. Stock Performance
Shares of PECO opened at $38.93 on Wednesday. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $39.00. The stock has a 50-day moving average price of $35.39 and a 200 day moving average price of $34.05. The company has a market capitalization of $4.77 billion, a P/E ratio of 84.63, a P/E/G ratio of 3.55 and a beta of 0.57.
Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.48). The business had revenue of $161.52 million for the quarter, compared to analysts’ expectations of $156.29 million. Phillips Edison & Company, Inc. had a net margin of 9.32% and a return on equity of 2.23%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share. As a group, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.41 earnings per share for the current fiscal year.
Phillips Edison & Company, Inc. Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a $0.1025 dividend. This is a boost from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.23 annualized dividend and a dividend yield of 3.16%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 267.39%.
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.
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