Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $39.50.

A number of analysts recently commented on PECO shares. Mizuho raised their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Wednesday, November 13th. Finally, Wells Fargo & Company cut their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th.

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

A number of hedge funds have recently made changes to their positions in PECO. V Square Quantitative Management LLC purchased a new stake in Phillips Edison & Company, Inc. in the third quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new stake in Phillips Edison & Company, Inc. in the third quarter valued at about $36,000. Allworth Financial LP raised its stake in Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company’s stock valued at $58,000 after buying an additional 788 shares during the last quarter. Blue Trust Inc. raised its stake in Phillips Edison & Company, Inc. by 15.5% in the third quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock valued at $91,000 after buying an additional 325 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Phillips Edison & Company, Inc. by 31.8% in the third quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock valued at $126,000 after buying an additional 803 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 0.3 %

NASDAQ PECO opened at $37.02 on Friday. The company has a market cap of $4.54 billion, a PE ratio of 74.04, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The firm’s 50-day simple moving average is $37.25 and its two-hundred day simple moving average is $37.25.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. As a group, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a dividend of $0.1025 per share. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. This represents a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, December 16th. Phillips Edison & Company, Inc.’s dividend payout ratio is 246.00%.

About Phillips Edison & Company, Inc.

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.