Brokerages Set Phillips Edison & Company, Inc. (NASDAQ:PECO) PT at $38.83

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) has received an average recommendation of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat.com 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 1-year price objective among analysts that have issued a report on the stock in the last year is $38.83.

PECO has been the topic of several recent research reports. Mizuho reduced their price target on Phillips Edison & Company, Inc. from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company reduced their price target on 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.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in Phillips Edison & Company, Inc. by 78.1% during 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 purchased a new stake in Phillips Edison & Company, Inc. during the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB increased 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 purchasing an additional 602 shares during the last quarter. State of Wyoming purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth approximately $54,000. Finally, Allworth Financial LP increased its holdings in Phillips Edison & Company, Inc. by 94.6% during the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock worth $58,000 after purchasing an additional 788 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 0.6%

Shares of NASDAQ PECO traded down $0.20 during midday trading on Monday, hitting $33.94. The stock had a trading volume of 1,700,013 shares, compared to its average volume of 716,430. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 67.88, a PEG ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a 1-year low of $30.62 and a 1-year high of $40.12. The company has a fifty day moving average price of $35.38 and a 200 day moving average price of $36.65.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $178.31 million for the quarter, compared to analyst estimates of $170.59 million. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. The company's revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.23 annualized dividend and a yield of 3.62%. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 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.