Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) has been given an average rating of "Moderate Buy" by the six ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $39.00.
PECO has been the topic of several recent analyst reports. Compass Point lifted their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Mizuho upped their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Wolfe Research upgraded 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 report on Wednesday, November 13th. Finally, Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th.
Read Our Latest Research Report on PECO
Phillips Edison & Company, Inc. Stock Performance
NASDAQ:PECO traded up $0.55 during trading hours on Friday, hitting $38.10. The stock had a trading volume of 2,221,944 shares, compared to its average volume of 678,189. The business's 50 day moving average is $38.46 and its 200-day moving average is $36.20. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 82.83, a P/E/G ratio of 3.60 and a beta of 0.57. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $40.12.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released 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). The firm had revenue of $165.50 million during the quarter, compared to the consensus estimate of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. Phillips Edison & Company, Inc.'s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. On average, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.
Phillips Edison & Company, Inc. Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be issued a dividend of $0.1025 per share. This is a boost from Phillips Edison & Company, Inc.'s previous dividend of $0.10. The ex-dividend date of this dividend is Monday, December 16th. This represents a yield of 3.13%. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 267.39%.
Hedge Funds Weigh In On Phillips Edison & Company, Inc.
Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in Phillips Edison & Company, Inc. by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company's stock worth $78,977,000 after purchasing an additional 102,519 shares during the period. Barclays PLC increased its stake in shares of Phillips Edison & Company, Inc. by 49.2% during the third quarter. Barclays PLC now owns 279,432 shares of the company's stock worth $10,538,000 after purchasing an additional 92,129 shares during the period. Diversify Wealth Management LLC acquired a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $2,944,000. Cubist Systematic Strategies LLC bought a new stake in Phillips Edison & Company, Inc. in the 2nd quarter valued at $2,695,000. Finally, Duff & Phelps Investment Management Co. grew its holdings in Phillips Edison & Company, Inc. by 50.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company's stock valued at $55,589,000 after buying an additional 492,160 shares in the last quarter. Institutional investors own 80.70% of the company's stock.
About Phillips Edison & Company, Inc.
(
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.
Featured Articles
Before you consider Phillips Edison & Company, Inc., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Phillips Edison & Company, Inc. wasn't on the list.
While Phillips Edison & Company, Inc. currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
