Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Average Rating of "Moderate Buy" from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $38.83.

Several research firms recently weighed in on PECO. Wells Fargo & Company decreased their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Mizuho decreased their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th.

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

Several hedge funds have recently added to or reduced their stakes in the business. United Services Automobile Association acquired a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $297,000. Millennium Management LLC lifted its holdings in Phillips Edison & Company, Inc. by 129.2% during the 1st quarter. Millennium Management LLC now owns 855,138 shares of the company's stock valued at $31,204,000 after purchasing an additional 482,057 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Phillips Edison & Company, Inc. by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company's stock valued at $2,668,000 after purchasing an additional 3,199 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $333,000. Finally, AQR Capital Management LLC lifted its holdings in Phillips Edison & Company, Inc. by 8.2% during the 1st quarter. AQR Capital Management LLC now owns 11,091 shares of the company's stock valued at $405,000 after purchasing an additional 845 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Up 1.1%

Shares of PECO opened at $36.28 on Monday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 72.56, a P/E/G ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The company has a 50 day moving average of $35.39 and a 200-day moving average of $36.77.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $178.31 million during the quarter, compared to analysts' expectations of $170.59 million. Phillips Edison & Company, Inc. had a net margin of 9.48% and a return on equity of 2.40%. The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. On average, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio is 215.79%.

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.

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