Mizuho Forecasts Strong Price Appreciation for Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock

Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) had its price target boosted by Mizuho from $39.00 to $41.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also commented on PECO. Wolfe Research raised Phillips Edison & Company, Inc. from a "peer perform" rating to an "outperform" rating and set a $44.00 price target on the stock in a research note on Wednesday, November 13th. Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. Finally, Compass Point upped their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $39.14.

Phillips Edison & Company, Inc. Trading Down 0.5 %

PECO stock traded down $0.18 during trading on Tuesday, reaching $39.02. 753,189 shares of the stock were exchanged, compared to its average volume of 671,972. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The company has a market capitalization of $4.78 billion, a P/E ratio of 84.61, a price-to-earnings-growth ratio of 3.61 and a beta of 0.57. The stock has a 50 day simple moving average of $38.05 and a 200-day simple moving average of $35.81.

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 business had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. Phillips Edison & Company, Inc.'s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 earnings per share. Equities analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.23 annualized dividend and a dividend yield of 3.15%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 267.39%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PECO. Duff & Phelps Investment Management Co. acquired a new position in shares of Phillips Edison & Company, Inc. during the second quarter valued at $32,120,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Phillips Edison & Company, Inc. by 408.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 765,822 shares of the company's stock valued at $28,879,000 after purchasing an additional 615,076 shares during the period. Millennium Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at about $8,397,000. Dimensional Fund Advisors LP grew its position in shares of Phillips Edison & Company, Inc. by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company's stock worth $40,911,000 after buying an additional 179,775 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Phillips Edison & Company, Inc. by 578.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 139,146 shares of the company's stock worth $5,247,000 after buying an additional 118,640 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Company Profile

Phillips 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.