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

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.83.

Several brokerages recently commented on PECO. Mizuho lifted 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 report on Monday, August 19th. Compass Point cut their price objective on Phillips Edison & Company, Inc. from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Finally, Wells Fargo & Company cut their price target on Phillips Edison & Company, Inc. from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Tuesday, May 28th.

Institutional Trading of Phillips Edison & Company, Inc.

Large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Phillips Edison & Company, Inc. by 0.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,862 shares of the company’s stock valued at $2,074,000 after purchasing an additional 306 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in Phillips Edison & Company, Inc. by 0.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 67,554 shares of the company’s stock worth $2,423,000 after buying an additional 372 shares in the last quarter. Xponance Inc. grew its holdings in Phillips Edison & Company, Inc. by 6.3% during the 2nd quarter. Xponance Inc. now owns 7,789 shares of the company’s stock worth $255,000 after acquiring an additional 465 shares during the last quarter. Maryland State Retirement & Pension System increased its position in Phillips Edison & Company, Inc. by 1.2% in the 1st quarter. Maryland State Retirement & Pension System now owns 43,970 shares of the company’s stock valued at $1,577,000 after acquiring an additional 502 shares in the last quarter. Finally, Demars Financial Group LLC raised its stake in shares of Phillips Edison & Company, Inc. by 4.5% in the fourth quarter. Demars Financial Group LLC now owns 13,572 shares of the company’s stock worth $495,000 after acquiring an additional 579 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock opened at $36.45 on Friday. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $37.92. The stock’s 50-day moving average is $33.85 and its two-hundred day moving average is $33.78. The firm has a market cap of $4.46 billion, a P/E ratio of 79.13, a PEG ratio of 3.32 and a beta of 0.56.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.48). Phillips Edison & Company, Inc. had a net margin of 9.32% and a return on equity of 2.23%. The business had revenue of $161.52 million during the quarter, compared to analyst estimates of $156.29 million. During the same period in the previous year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, research analysts expect that Phillips Edison & Company, Inc. will post 2.41 EPS for the current year.

Phillips Edison & Company, Inc. Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be given a $0.097 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, August 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 254.35%.

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.