Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Average Rating of "Hold" by Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) have received an average recommendation of "Hold" from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $38.50.

PECO has been the subject of a number of recent analyst reports. Mizuho decreased their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th. Barclays initiated coverage on Phillips Edison & Company, Inc. in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 price target for the company. Finally, Wall Street Zen lowered Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in Phillips Edison & Company, Inc. by 78.1% in the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company's stock worth $27,000 after purchasing an additional 321 shares during the last quarter. CX Institutional acquired a new stake in Phillips Edison & Company, Inc. in the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Phillips Edison & Company, Inc. by 79.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock worth $50,000 after purchasing an additional 602 shares during the last quarter. State of Wyoming acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $54,000. Finally, Quarry LP lifted its holdings in Phillips Edison & Company, Inc. by 21,362.5% in the 1st quarter. Quarry LP now owns 1,717 shares of the company's stock worth $63,000 after purchasing an additional 1,709 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $34.56 on Friday. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 62.84, a price-to-earnings-growth ratio of 1.21 and a beta of 0.55. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12. The stock's fifty day moving average is $35.09 and its 200-day moving average is $35.56.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%. The business had revenue of $173.47 million during the quarter, compared to analysts' expectations of $174.38 million. During the same quarter last year, the business posted $0.59 earnings per share. The company's quarterly revenue was up 10.1% on a year-over-year basis. Analysts forecast 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 dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.1025 per share. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 3.5%. Phillips Edison & Company, Inc.'s dividend payout ratio is 223.64%.

About Phillips Edison & Company, Inc.

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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