Phillips Edison & Company, Inc. (PECO) – What Are Researchers Thinking About This Stock?

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $43.20.

PECO has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday. UBS Group dropped their price objective on shares of Phillips Edison & Company, Inc. from $46.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Mizuho dropped their price objective on shares of Phillips Edison & Company, Inc. from $43.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. The Goldman Sachs Group set a $44.00 target price on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $3,768,000. Hsbc Holdings PLC grew its position in Phillips Edison & Company, Inc. by 33.5% during the fourth quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock worth $8,856,000 after buying an additional 62,523 shares in the last quarter. Fifth Third Bancorp grew its position in Phillips Edison & Company, Inc. by 4,823.2% during the first quarter. Fifth Third Bancorp now owns 34,216 shares of the company’s stock worth $1,280,000 after buying an additional 33,521 shares in the last quarter. First Trust Advisors LP increased its stake in Phillips Edison & Company, Inc. by 210.6% during the 1st quarter. First Trust Advisors LP now owns 119,885 shares of the company’s stock worth $4,486,000 after acquiring an additional 81,293 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth $6,032,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Up 0.6%

Shares of NASDAQ PECO opened at $38.60 on Tuesday. The business’s 50 day moving average price is $38.24 and its two-hundred day moving average price is $39.09. The company has a market cap of $4.97 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.52. Phillips Edison & Company, Inc. has a twelve month low of $33.10 and a twelve month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Monday, October 26th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%. The company had revenue of $193.09 million during the quarter, compared to analysts’ expectations of $190.17 million. During the same period last year, the firm posted $0.65 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be given a dividend of $0.1150 per share. The ex-dividend date is Monday, November 16th. This represents a $1.38 annualized dividend and a yield of 3.6%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 120.00%.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc is a real estate investment trust focused on owning, operating and developing grocery-anchored shopping centers in the United States. Its properties are typically located in established communities and are designed to provide consumers with convenient access to essential goods and services.

The company’s portfolio includes neighborhood and community shopping centers anchored by grocery stores, alongside complementary tenants such as restaurants, personal care providers, medical offices and other service-oriented businesses.