Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $39.00.
Several equities research analysts have issued reports on PECO shares. JPMorgan Chase & Co. decreased their price objective on shares of 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. 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 for the company in a research note on Wednesday, November 13th. Wells Fargo & Company decreased their price objective on shares of 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. Finally, Mizuho decreased their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th.
Get Our Latest Report on PECO
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in PECO. Legacy Investment Solutions LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the third quarter valued at $36,000. State of Wyoming purchased a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at $54,000. Allworth Financial LP boosted its stake in shares of Phillips Edison & Company, Inc. by 94.6% in the fourth quarter. Allworth Financial LP now owns 1,621 shares of the company's stock valued at $58,000 after purchasing an additional 788 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at $68,000. Finally, FIL Ltd boosted its stake in shares of Phillips Edison & Company, Inc. by 17.8% in the fourth quarter. FIL Ltd now owns 2,155 shares of the company's stock valued at $81,000 after purchasing an additional 325 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.
Phillips Edison & Company, Inc. Price Performance
PECO stock traded down $0.20 on Wednesday, hitting $35.95. 839,712 shares of the company were exchanged, compared to its average volume of 589,098. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The business's fifty day moving average is $36.49 and its two-hundred day moving average is $37.40. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 71.90, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57.
Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.62 EPS 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%. Equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.
Phillips Edison & Company, Inc. Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $0.1025 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.23 annualized dividend and a dividend yield of 3.42%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 246.00%.
Phillips Edison & Company, Inc. Company Profile
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Get Free ReportPhillips 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.
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