Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Consensus Rating of “Moderate Buy” by Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $38.83.

Several equities research analysts have recently commented on PECO shares. Mizuho dropped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

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

Large investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in Phillips Edison & Company, Inc. during the 3rd quarter valued at approximately $468,000. Citigroup Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 44.6% in the third quarter. Citigroup Inc. now owns 177,569 shares of the company’s stock worth $6,696,000 after acquiring an additional 54,800 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Phillips Edison & Company, Inc. by 609.1% during the third quarter. Bank of Montreal Can now owns 89,300 shares of the company’s stock valued at $3,327,000 after acquiring an additional 76,706 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Phillips Edison & Company, Inc. by 1.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,608 shares of the company’s stock worth $2,097,000 after purchasing an additional 885 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Phillips Edison & Company, Inc. by 408.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company’s stock worth $28,879,000 after purchasing an additional 615,076 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO opened at $35.96 on Friday. The stock’s 50-day moving average is $36.10 and its 200 day moving average is $37.26. The company has a market cap of $4.50 billion, a PE ratio of 71.92, a P/E/G ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, February 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. Analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, April 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 246.00%.

Phillips Edison & Company, Inc. Company Profile

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.