Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $38.83.

Several research firms recently commented on PECO. 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 lowered their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th.

Institutional Trading of Phillips Edison & Company, Inc.

Several institutional investors and hedge funds have recently bought and sold shares of PECO. Fifth Third Bancorp lifted its position in shares of 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 bought a new stake in Phillips Edison & Company, Inc. during the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB raised its stake in Phillips Edison & Company, Inc. by 79.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock valued at $50,000 after buying an additional 602 shares during the period. State of Wyoming acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $54,000. Finally, Allworth Financial LP increased its stake in shares of Phillips Edison & Company, Inc. by 94.6% in the 4th quarter. Allworth Financial LP now owns 1,621 shares of the company's stock valued at $58,000 after purchasing an additional 788 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Trading Down 0.5 %

Shares of PECO traded down $0.19 during mid-day trading on Thursday, hitting $34.82. 91,046 shares of the company's stock were exchanged, compared to its average volume of 704,336. The firm has a market capitalization of $4.36 billion, a P/E ratio of 69.65, a P/E/G ratio of 1.70 and a beta of 0.57. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12. The business's 50 day moving average is $35.55 and its two-hundred day moving average is $36.92.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. The firm had revenue of $178.31 million for 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 firm's revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. On average, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.23 annualized dividend and a dividend yield of 3.53%. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) 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.