Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Consensus Recommendation of "Hold" from Brokerages

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) has received an average recommendation of "Hold" from the seven brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $38.14.

A number of equities research analysts recently weighed in on PECO shares. JPMorgan Chase & Co. lowered their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, January 30th. They issued a "buy" rating and a $41.00 target price on the stock. Finally, Mizuho raised shares of Phillips Edison & Company, Inc. from a "neutral" rating to a "buy" rating and raised their target price for the company from $35.00 to $37.00 in a research note on Friday, February 23rd.

Phillips Edison & Company, Inc. Stock Performance

PECO traded down $0.17 on Friday, reaching $32.93. The company had a trading volume of 528,885 shares, compared to its average volume of 667,813. The business has a 50 day simple moving average of $34.99 and a 200 day simple moving average of $35.08. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 71.59, a P/E/G ratio of 3.71 and a beta of 0.55. Phillips Edison & Company, Inc. has a 52-week low of $27.85 and a 52-week high of $37.92.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.0975 per share. The ex-dividend date is Friday, April 12th. This is an increase from Phillips Edison & Company, Inc.'s previous monthly dividend of $0.10. This represents a $1.17 annualized dividend and a dividend yield of 3.55%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 254.35%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Cooper Financial Group increased its stake in shares of Phillips Edison & Company, Inc. by 6.3% in the first quarter. Cooper Financial Group now owns 40,968 shares of the company's stock worth $1,470,000 after buying an additional 2,430 shares during the period. RFG Advisory LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the first quarter worth $263,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Phillips Edison & Company, Inc. in the first quarter worth $76,000. Kapitalo Investimentos Ltda increased its stake in shares of Phillips Edison & Company, Inc. by 127.2% in the fourth quarter. Kapitalo Investimentos Ltda now owns 6,982 shares of the company's stock worth $255,000 after buying an additional 3,909 shares during the period. Finally, BlueChip Wealth Advisors LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth $405,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Company Profile

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.