Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.50, Zacks reports. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%.
Phillips Edison & Company, Inc. Price Performance
Shares of NASDAQ PECO traded down $0.50 during mid-day trading on Monday, hitting $36.82. 730,708 shares of the company's stock traded hands, compared to its average volume of 575,412. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The company's 50-day moving average is $37.33 and its two-hundred day moving average is $37.23. The company has a market capitalization of $4.51 billion, a P/E ratio of 73.64, a PEG ratio of 1.76 and a beta of 0.58.
Phillips Edison & Company, Inc. Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were issued a $0.1025 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Phillips Edison & Company, Inc.'s previous dividend of $0.10. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.'s payout ratio is 246.00%.
Analyst Upgrades and Downgrades
PECO has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Mizuho boosted their price target on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Wolfe Research raised 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 report on Wednesday, November 13th. Finally, Wells Fargo & Company reduced their target price on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $39.50.
Check Out Our Latest Stock Report on Phillips Edison & Company, Inc.
About Phillips Edison & Company, Inc.
(
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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.
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