Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) is expected to announce its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $168.03 million for the quarter. Parties interested in listening to the company's earnings conference call can do so using this link.
Phillips Edison & Company, Inc. Stock Performance
Shares of NASDAQ PECO traded up $0.42 during midday trading on Thursday, hitting $36.71. 374,250 shares of the company's stock traded hands, compared to its average volume of 568,634. The firm has a fifty day moving average of $37.78 and a 200 day moving average of $37.10. Phillips Edison & Company, Inc. has a 1 year low of $30.62 and a 1 year high of $40.12. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 79.80, a price-to-earnings-growth ratio of 3.13 and a beta of 0.59.
Phillips Edison & Company, Inc. Increases Dividend
The business also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a $0.1025 dividend. This is a boost from Phillips Edison & Company, Inc.'s previous dividend of $0.10. This represents a yield of 3.13%. The ex-dividend date was Monday, December 16th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is currently 267.39%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on PECO shares. Wells Fargo & Company cut their target price 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. Wolfe Research upgraded 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. JPMorgan Chase & Co. decreased their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Finally, Mizuho lifted their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $39.50.
View Our Latest Research 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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