Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Price Down 3.9% - What's Next?

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report)'s stock price traded down 3.9% during trading on Thursday . The company traded as low as $35.03 and last traded at $33.70. 432,051 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 730,546 shares. The stock had previously closed at $35.07.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company dropped their price target 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. Barclays started coverage on shares of Phillips Edison & Company, Inc. in a research report on Wednesday. They set an "equal weight" rating and a $37.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of "Hold" and an average target price of $38.67.

Phillips Edison & Company, Inc. Stock Up 0.3%

The stock's 50-day moving average is $35.32 and its 200-day moving average is $35.85. The firm has a market cap of $4.41 billion, a P/E ratio of 61.73, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. Phillips Edison & Company, Inc. had a net margin of 10.51% and a return on equity of 2.73%. The business had revenue of $178.31 million for the quarter, compared to analyst estimates of $170.59 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Phillips Edison & Company, Inc.'s revenue was up 10.2% compared to the same quarter last year. As a group, analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

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

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

A number of institutional investors have recently bought and sold shares of PECO. Fifth Third Bancorp boosted its stake in 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 buying an additional 321 shares in the last quarter. CX Institutional acquired a new stake in Phillips Edison & Company, Inc. during the first quarter worth $30,000. MassMutual Private Wealth & Trust FSB boosted its stake in Phillips Edison & Company, Inc. by 79.4% during the first 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 in the last quarter. State of Wyoming acquired a new stake in Phillips Edison & Company, Inc. during the fourth quarter worth $54,000. Finally, Quarry LP boosted its stake in Phillips Edison & Company, Inc. by 21,362.5% during the first quarter. Quarry LP now owns 1,717 shares of the company's stock worth $63,000 after buying an additional 1,709 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

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.