Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $38.67 Average PT from Analysts

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) have received an average rating of "Hold" from the six research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $38.67.

PECO has been the subject of a number of analyst reports. Barclays assumed coverage on Phillips Edison & Company, Inc. in a report on Wednesday. They issued an "equal weight" rating and a $37.00 price target for the company. Wells Fargo & Company reduced their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO traded up $0.12 during midday trading on Wednesday, hitting $35.19. 441,201 shares of the company's stock traded hands, compared to its average volume of 733,851. The company has a market cap of $4.41 billion, a PE ratio of 61.73, a P/E/G ratio of 1.24 and a beta of 0.55. The firm's fifty day moving average price is $35.32 and its two-hundred day moving average price is $35.85. Phillips Edison & Company, Inc. has a twelve month low of $31.98 and a twelve month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, beating the consensus estimate 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 company had revenue of $178.31 million for the quarter, compared to analyst estimates of $170.59 million. During the same period last year, the company posted $0.60 earnings per share. The firm's revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

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

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

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

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.