Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) has earned an average rating of "Moderate Buy" from the six analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.50.
PECO has been the topic of several research analyst reports. 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 on the stock in a research note on Wednesday, November 13th. Mizuho increased their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Finally, 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 report on Tuesday, January 7th.
Check Out Our Latest Stock Analysis on Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. Trading Up 0.5 %
NASDAQ PECO traded up $0.19 during trading on Tuesday, hitting $35.84. 638,145 shares of the company traded hands, compared to its average volume of 658,593. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12. The company has a market capitalization of $4.39 billion, a P/E ratio of 77.91, a PEG ratio of 3.60 and a beta of 0.59. The business has a fifty day simple moving average of $38.40 and a 200 day simple moving average of $36.86.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The firm had revenue of $165.50 million during the quarter, compared to the consensus estimate of $157.20 million. During the same quarter in the prior year, the business posted $0.58 EPS. Phillips Edison & Company, Inc.'s revenue was up 8.5% compared to the same quarter last year. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.
Phillips Edison & Company, Inc. Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.1025 per share. This is a boost from Phillips Edison & Company, Inc.'s previous dividend of $0.10. This represents a yield of 3.13%. The ex-dividend date of this dividend was Monday, December 16th. Phillips Edison & Company, Inc.'s payout ratio is currently 267.39%.
Institutional Investors Weigh In On Phillips Edison & Company, Inc.
Institutional investors have recently modified their holdings of the business. State Street Corp grew its position in shares of Phillips Edison & Company, Inc. by 0.3% during the 3rd quarter. State Street Corp now owns 7,068,684 shares of the company's stock worth $267,289,000 after buying an additional 18,429 shares during the period. Geode Capital Management LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,190,836 shares of the company's stock valued at $120,347,000 after buying an additional 19,205 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Phillips Edison & Company, Inc. by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company's stock valued at $78,977,000 after buying an additional 102,519 shares in the last quarter. Duff & Phelps Investment Management Co. raised its stake in Phillips Edison & Company, Inc. by 50.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company's stock worth $55,589,000 after buying an additional 492,160 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Phillips Edison & Company, Inc. by 16.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company's stock valued at $40,911,000 after acquiring an additional 179,775 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.
Phillips Edison & Company, Inc. Company Profile
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Get Free ReportPhillips 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.
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