By otakuyassine3@gmail.com 
Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com 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 price target among analysts that have issued a report on the stock in the last year is $39.00.
A number of brokerages recently issued reports on PECO. JPMorgan Chase & Co. reduced their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. 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 report on Tuesday, February 25th. 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. Finally, Wells Fargo & Company reduced their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th.
Read Our Latest Analysis on Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. Trading Down 0.6 %
PECO opened at $35.95 on Wednesday. The company has a market cap of $4.50 billion, a P/E ratio of 71.90, a P/E/G ratio of 1.70 and a beta of 0.57. The business’s 50-day moving average price is $36.45 and its 200-day moving average price is $37.43. Phillips Edison & Company, Inc. has a 12 month low of $30.62 and a 12 month high of $40.12.
Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.12 by $0.50. Phillips Edison & Company, Inc. had a return on equity of 2.40% and a net margin of 9.48%. Equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.
Phillips Edison & Company, Inc. Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $0.1025 per share. The ex-dividend date is Monday, March 17th. This represents a $1.23 annualized dividend and a yield of 3.42%. Phillips Edison & Company, Inc.’s payout ratio is 246.00%.
Institutional Trading of Phillips Edison & Company, Inc.
Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at approximately $488,000. Barclays PLC boosted its position in Phillips Edison & Company, Inc. by 49.2% during the 3rd quarter. Barclays PLC now owns 279,432 shares of the company’s stock valued at $10,538,000 after acquiring an additional 92,129 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Phillips Edison & Company, Inc. by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,094,331 shares of the company’s stock valued at $78,977,000 after acquiring an additional 102,519 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its position in Phillips Edison & Company, Inc. by 50.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,474,130 shares of the company’s stock valued at $55,589,000 after acquiring an additional 492,160 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Phillips Edison & Company, Inc. by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 595,165 shares of the company’s stock valued at $22,295,000 after acquiring an additional 17,235 shares in the last quarter. 80.70% of the stock is owned by institutional investors.
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.
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