Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $38.83 Average Price Target from Analysts

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $38.83.

Several brokerages have issued reports on PECO. Mizuho dropped their target price on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Rossby Financial LCC acquired a new position in Phillips Edison & Company, Inc. in the 1st quarter worth about $105,000. Ameritas Advisory Services LLC increased its position in shares of Phillips Edison & Company, Inc. by 4.1% in the first quarter. Ameritas Advisory Services LLC now owns 87,529 shares of the company's stock valued at $3,238,000 after buying an additional 3,422 shares in the last quarter. KBC Group NV raised its stake in shares of Phillips Edison & Company, Inc. by 27.2% during the 1st quarter. KBC Group NV now owns 5,629 shares of the company's stock worth $205,000 after buying an additional 1,205 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 135,729 shares of the company's stock valued at $4,953,000 after buying an additional 2,785 shares in the last quarter. Finally, Aurora Private Wealth Inc. purchased a new position in shares of Phillips Edison & Company, Inc. during the 1st quarter valued at approximately $5,377,000. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO traded down $0.24 during trading on Thursday, reaching $34.84. 394,815 shares of the company were exchanged, compared to its average volume of 720,652. The business's fifty day simple moving average is $35.57 and its 200-day simple moving average is $36.92. Phillips Edison & Company, Inc. has a 12-month low of $30.62 and a 12-month high of $40.12. The firm has a market capitalization of $4.36 billion, a PE ratio of 69.67, a P/E/G ratio of 1.70 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. The business had revenue of $178.31 million during the quarter, compared to analyst estimates of $170.59 million. During the same period in the previous year, the company posted $0.60 EPS. Phillips Edison & Company, Inc.'s revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.1025 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 annualized dividend and a yield of 3.53%. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 215.79%.

Phillips Edison & Company, Inc. Company Profile

Phillips 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.