Phillips Edison & Company, Inc. (NASDAQ:PECO) Now Covered by Analysts at Barclays

Barclays assumed coverage on shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in a research note published on Wednesday morning, MarketBeat.com reports. The brokerage issued an equal weight rating and a $37.00 target price on the stock.

Separately, Wells Fargo & Company reduced their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.67.

Phillips Edison & Company, Inc. Trading Up 0.3%

Shares of NASDAQ:PECO traded up $0.12 on Wednesday, reaching $35.19. 441,201 shares of the company traded hands, compared to its average volume of 732,298. The business's 50-day simple moving average is $35.32 and its 200 day simple moving average is $35.87. Phillips Edison & Company, Inc. has a 52 week low of $31.98 and a 52 week high of $40.12. The stock has a market capitalization of $4.41 billion, a P/E ratio of 61.73, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. Phillips Edison & Company, Inc. had a return on equity of 2.73% and a net margin of 10.51%. The firm had revenue of $178.31 million for the quarter, compared to analysts' expectations of $170.59 million. During the same period last year, the firm earned $0.60 earnings per share. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. Sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th were paid a $0.1025 dividend. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 3.5%. Phillips Edison & Company, Inc.'s payout ratio is presently 215.79%.

Institutional Trading of Phillips Edison & Company, Inc.

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,517 shares of the company's stock worth $80,371,000 after purchasing an additional 51,186 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at approximately $1,002,000. Vert Asset Management LLC bought a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at approximately $1,972,000. Fifth Third Bancorp boosted its position in Phillips Edison & Company, Inc. by 78.1% during the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company's stock valued at $27,000 after acquiring an additional 321 shares in the last quarter. Finally, Aurora Private Wealth Inc. bought a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at approximately $5,377,000. 80.70% of the stock is owned by institutional investors.

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.