Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $39.50.

A number of equities analysts have commented on PECO shares. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Mizuho raised their price objective on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $35.79 on Tuesday. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 77.80, a PEG ratio of 2.94 and a beta of 0.59. The company has a fifty day moving average of $38.13 and a 200 day moving average of $36.95. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 previous year, the business earned $0.58 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts forecast 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. Shareholders of record on Tuesday, December 17th were given a dividend of $0.1025 per share. This represents a dividend yield of 3.13%. The ex-dividend date was Monday, December 16th. This is a positive change from Phillips Edison & Company, Inc.’s previous dividend of $0.10. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

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

Several hedge funds and other institutional investors have recently modified their holdings of PECO. V Square Quantitative Management LLC bought a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in shares of Phillips Edison & Company, Inc. in the third quarter worth about $36,000. Blue Trust Inc. increased its stake in Phillips Edison & Company, Inc. by 15.5% in the 3rd quarter. Blue Trust Inc. now owns 2,420 shares of the company’s stock worth $91,000 after buying an additional 325 shares during the period. GAMMA Investing LLC increased its stake in Phillips Edison & Company, Inc. by 31.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,330 shares of the company’s stock worth $126,000 after buying an additional 803 shares during the period. Finally, Tsfg LLC bought a new stake in Phillips Edison & Company, Inc. during the 3rd quarter valued at about $127,000. 80.70% of the stock is currently owned by hedge funds and other 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.