Brokerages Set Phillips Edison & Company, Inc. (NASDAQ:PECO) Target Price at $39.50

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat 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 target price among brokers that have issued a report on the stock in the last year is $39.50.

PECO has been the subject of several research reports. JPMorgan Chase & Co. lowered their price target 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. Mizuho upped their target price on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Wednesday, November 13th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in shares of Phillips Edison & Company, Inc. during the third quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in Phillips Edison & Company, Inc. in the 3rd quarter worth approximately $36,000. Blue Trust Inc. grew its position in Phillips Edison & Company, Inc. by 15.5% during the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after purchasing an additional 325 shares during the last quarter. GAMMA Investing LLC increased its stake in Phillips Edison & Company, Inc. by 31.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock valued at $126,000 after purchasing an additional 803 shares in the last quarter. Finally, Tsfg LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the third quarter worth $127,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Down 0.4 %

Shares of NASDAQ PECO opened at $35.79 on Tuesday. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12. The firm has a market cap of $4.39 billion, a PE ratio of 77.80, a price-to-earnings-growth ratio of 2.94 and a beta of 0.59. The business has a fifty day simple moving average of $38.13 and a two-hundred day simple moving average of $36.95.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.52). Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The firm had revenue of $165.50 million for the quarter, compared to analysts’ expectations of $157.20 million. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.43 earnings per share for the current year.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a dividend of $0.1025 per share. This represents a yield of 3.13%. This is an increase from Phillips Edison & Company, Inc.’s previous dividend of $0.10. The ex-dividend date was Monday, December 16th. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

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.