Brokerages Set Phillips Edison & Company, Inc. (NASDAQ:PECO) PT at $38.43

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven analysts that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $38.43.

A number of research firms recently weighed in on PECO. Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $34.00 to $37.00 in a research note on Wednesday, August 28th. Mizuho raised their price target on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Wolfe Research upgraded 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. Finally, Compass Point raised their target price on 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.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO traded up $0.01 during mid-day trading on Monday, hitting $39.34. The stock had a trading volume of 1,361,306 shares, compared to its average volume of 668,234. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $39.98. The business has a fifty day moving average price of $37.80 and a 200-day moving average price of $35.31. The firm has a market cap of $4.82 billion, a P/E ratio of 85.52, a PEG ratio of 3.61 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share (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%. The company's revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, research analysts expect that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.1025 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 dividend on an annualized basis and a yield of 3.13%. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 267.39%.

Institutional Trading of Phillips Edison & Company, Inc.

A number of large investors have recently modified their holdings of PECO. 1620 Investment Advisors Inc. bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth $26,000. V Square Quantitative Management LLC purchased a new stake in Phillips Edison & Company, Inc. during the third quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new stake in Phillips Edison & Company, Inc. during the third quarter worth about $36,000. Hobbs Group Advisors LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth about $39,000. Finally, PFG Private Wealth Management LLC bought a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at about $62,000. Institutional investors own 80.70% of the company's stock.

About Phillips Edison & Company, Inc.

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.