Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $37.50 Consensus PT from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) 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.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

A number of hedge funds and other institutional investors have recently modified their holdings of PECO. Russell Investments Group Ltd. increased its stake in Phillips Edison & Company, Inc. by 56.4% during the 4th quarter. Russell Investments Group Ltd. now owns 25,110 shares of the company’s stock valued at $916,000 after buying an additional 9,057 shares during the period. Victory Capital Management Inc. lifted its position in Phillips Edison & Company, Inc. by 59.0% in the fourth quarter. Victory Capital Management Inc. now owns 101,705 shares of the company’s stock worth $3,710,000 after purchasing an additional 37,723 shares during the period. Natixis Advisors L.P. boosted its stake in Phillips Edison & Company, Inc. by 7.4% during the 4th quarter. Natixis Advisors L.P. now owns 30,194 shares of the company’s stock valued at $1,101,000 after purchasing an additional 2,073 shares in the last quarter. Private Advisor Group LLC bought a new position in Phillips Edison & Company, Inc. during the 4th quarter valued at $264,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Phillips Edison & Company, Inc. by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,872,476 shares of the company’s stock valued at $68,308,000 after purchasing an additional 145,078 shares during the period. 80.70% of the stock is currently owned by institutional investors.

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) 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.