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

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $37.50.

Several brokerages have recently commented on PECO. Compass Point raised their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $34.00 to $37.00 in a research report on Wednesday, August 28th. Finally, Mizuho upped their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, August 19th.

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

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Phillips Edison & Company, Inc. by 3.1% in the first quarter. Vanguard Group Inc. now owns 19,337,030 shares of the company’s stock valued at $693,619,000 after acquiring an additional 577,445 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Phillips Edison & Company, Inc. by 16.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock valued at $40,911,000 after purchasing an additional 179,775 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Phillips Edison & Company, Inc. by 240.9% in the first quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company’s stock worth $41,971,000 after purchasing an additional 826,891 shares in the last quarter. Bank of New York Mellon Corp increased its position in Phillips Edison & Company, Inc. by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 1,106,277 shares of the company’s stock worth $36,186,000 after buying an additional 27,611 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth about $32,120,000. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 1.0 %

NASDAQ PECO opened at $39.08 on Thursday. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $39.58. The company has a market cap of $4.79 billion, a PE ratio of 84.96, a PEG ratio of 3.50 and a beta of 0.57. The stock’s 50-day moving average price is $37.34 and its two-hundred day moving average price is $34.71.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $165.50 million for the quarter, compared to analyst estimates of $157.20 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

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