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

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $37.50.

A number of brokerages have recently commented on PECO. Mizuho upped their price target on 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 increased their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, August 28th.

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

A number of hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its stake in Phillips Edison & Company, Inc. by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 131,259 shares of the company’s stock valued at $4,707,000 after acquiring an additional 2,217 shares during the period. Maryland State Retirement & Pension System grew its stake in shares of 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 purchasing an additional 502 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter worth approximately $296,000. Fidelis Capital Partners LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 1st quarter worth approximately $114,000. Finally, Daiwa Securities Group Inc. boosted its stake in Phillips Edison & Company, Inc. by 9.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 39,557 shares of the company’s stock valued at $1,419,000 after buying an additional 3,471 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 1.0 %

NASDAQ:PECO opened at $39.08 on Thursday. The firm has a market capitalization of $4.79 billion, a PE ratio of 84.96, a PEG ratio of 3.50 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $39.58. The firm’s fifty day simple moving average is $37.34 and its 200 day simple moving average is $34.71.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The business had revenue of $165.50 million during the quarter, compared to analyst estimates of $157.20 million. During the same period in the prior year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a yield of 3.15%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 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.