Phillips Edison & Company, Inc. (NASDAQ:PECO) PT Lowered to $36.00 at Compass Point

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price target decreased by Compass Point from $39.00 to $36.00 in a research report report published on Monday, Benzinga reports. Compass Point currently has a neutral rating on the stock.

PECO has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a neutral rating for the company in a report on Wednesday, February 14th. Mizuho raised Phillips Edison & Company, Inc. from a neutral rating to a buy rating and raised their target price for the company from $35.00 to $37.00 in a report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Phillips Edison & Company, Inc. in a report on Tuesday, January 30th. They issued a buy rating and a $41.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $38.14.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $32.67 on Monday. Phillips Edison & Company, Inc. has a one year low of $27.85 and a one year high of $37.92. The business has a fifty day moving average of $34.52 and a two-hundred day moving average of $35.02. The company has a market cap of $3.99 billion, a P/E ratio of 71.02, a price-to-earnings-growth ratio of 3.69 and a beta of 0.55.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th were paid a dividend of $0.0975 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Friday, April 12th. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.’s payout ratio is 254.35%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PECO. Handelsbanken Fonder AB raised its stake in shares of Phillips Edison & Company, Inc. by 26.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 31,100 shares of the company’s stock worth $1,043,000 after buying an additional 6,600 shares during the last quarter. Legacy Financial Group LLC acquired a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at about $64,000. Kure Advisory LLC acquired a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at about $289,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Phillips Edison & Company, Inc. by 6.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,662 shares of the company’s stock valued at $1,632,000 after purchasing an additional 2,880 shares during the last quarter. Finally, Castleview Partners LLC raised its stake in Phillips Edison & Company, Inc. by 11.9% in the 3rd quarter. Castleview Partners LLC now owns 16,798 shares of the company’s stock valued at $563,000 after purchasing an additional 1,788 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

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.