Analysts Set Phillips Edison & Company, Inc. (NASDAQ:PECO) PT at $38.83

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $38.83.

A number of brokerages have commented on PECO. Wells Fargo & Company reduced their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Finally, Mizuho decreased their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO traded down $0.92 on Friday, reaching $36.41. The company's stock had a trading volume of 162,156 shares, compared to its average volume of 669,509. The stock's 50 day simple moving average is $36.15 and its two-hundred day simple moving average is $37.23. The stock has a market capitalization of $4.56 billion, a P/E ratio of 72.82, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12.

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Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings results 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%. Analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.1025 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a yield of 3.38%. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 246.00%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in Phillips Edison & Company, Inc. in the 3rd quarter valued at $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Phillips Edison & Company, Inc. by 79.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock worth $50,000 after purchasing an additional 602 shares during the last quarter. State of Wyoming purchased a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter worth about $54,000. Allworth Financial LP boosted its stake in Phillips Edison & Company, Inc. by 94.6% during 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. Finally, Kapitalo Investimentos Ltda purchased a new position in Phillips Edison & Company, Inc. during the 4th quarter valued at approximately $68,000. Institutional investors own 80.70% of the company's stock.

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.