Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target Cut to $38.00 by Analysts at Mizuho

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) had its price objective reduced by equities researchers at Mizuho from $41.00 to $38.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Mizuho's price objective would suggest a potential upside of 2.15% from the stock's previous close.

A number of other research firms have also recently weighed in on PECO. Wolfe Research raised shares of 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 research report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price target 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. Finally, Wells Fargo & Company lowered their price objective 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO traded up $0.89 during mid-day trading on Tuesday, hitting $37.20. 1,047,134 shares of the company traded hands, compared to its average volume of 579,842. The firm's 50 day simple moving average is $36.61 and its 200 day simple moving average is $37.35. The firm has a market cap of $4.66 billion, a P/E ratio of 74.40, a PEG ratio of 1.70 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.

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Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Institutional Trading of Phillips Edison & Company, Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of PECO. Vanguard Group Inc. lifted its holdings in Phillips Edison & Company, Inc. by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 19,322,342 shares of the company's stock worth $723,815,000 after buying an additional 82,913 shares during the last quarter. Wellington Management Group LLP lifted its stake in Phillips Edison & Company, Inc. by 2.2% during the fourth quarter. Wellington Management Group LLP now owns 7,537,917 shares of the company's stock worth $282,370,000 after purchasing an additional 161,963 shares during the last quarter. State Street Corp lifted its stake in Phillips Edison & Company, Inc. by 0.3% during the third quarter. State Street Corp now owns 7,068,684 shares of the company's stock worth $267,289,000 after purchasing an additional 18,429 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Phillips Edison & Company, Inc. by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company's stock worth $120,347,000 after purchasing an additional 19,205 shares during the period. Finally, FMR LLC increased its stake in Phillips Edison & Company, Inc. by 14.6% during the fourth quarter. FMR LLC now owns 3,026,358 shares of the company's stock valued at $113,367,000 after purchasing an additional 385,983 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

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.