Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $37.50 Consensus Target Price from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $37.50.

A number of analysts recently issued reports on PECO shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Wells Fargo & Company upgraded Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $34.00 to $37.00 in a report on Wednesday, August 28th. Compass Point increased their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Mizuho boosted their target price on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, August 19th.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO opened at $38.93 on Wednesday. Phillips Edison & Company, Inc. has a one year low of $30.62 and a one year high of $39.00. The stock has a market cap of $4.77 billion, a PE ratio of 84.63, a price-to-earnings-growth ratio of 3.55 and a beta of 0.57. The business’s fifty day moving average price is $35.39 and its two-hundred day moving average price is $34.05.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). Phillips Edison & Company, Inc. had a return on equity of 2.23% and a net margin of 9.32%. The company had revenue of $161.52 million for the quarter, compared to analysts’ expectations of $156.29 million. During the same quarter in the prior year, the business posted $0.59 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.41 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Monday, September 16th. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 267.39%.

Institutional Trading of Phillips Edison & Company, Inc.

Several large investors have recently added to or reduced their stakes in PECO. 1620 Investment Advisors Inc. purchased a new stake in shares of Phillips Edison & Company, Inc. in the second quarter worth about $26,000. Creekmur Asset Management LLC acquired a new stake in Phillips Edison & Company, Inc. in the fourth quarter valued at approximately $32,000. Quadrant Capital Group LLC grew its position in Phillips Edison & Company, Inc. by 197.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,190 shares of the company’s stock valued at $43,000 after acquiring an additional 790 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the second quarter valued at approximately $39,000. Finally, PFG Private Wealth Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the second quarter worth $62,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.