Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Average Rating of “Hold” by Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $38.8571.

Several equities research analysts have recently commented on the company. Evercore ISI initiated coverage on Phillips Edison & Company, Inc. in a research note on Thursday, January 15th. They set an “outperform” rating and a $41.00 price target on the stock. Mizuho set a $39.00 target price on Phillips Edison & Company, Inc. in a research report on Friday, January 9th. Morgan Stanley upped their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Wells Fargo & Company began coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th.

Phillips Edison & Company, Inc. Stock Down 0.8%

Shares of PECO opened at $35.44 on Friday. The company has a 50-day simple moving average of $35.28 and a 200-day simple moving average of $34.75. The company has a market capitalization of $4.46 billion, a PE ratio of 53.70, a P/E/G ratio of 1.41 and a beta of 0.53. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $37.76.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.44). Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The company had revenue of $182.67 million for the quarter, compared to analysts’ expectations of $177.19 million. During the same period in the prior year, the firm posted $0.62 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. On average, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a $0.1083 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 196.97%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanderbilt University purchased a new position in Phillips Edison & Company, Inc. during the fourth quarter worth $306,000. Flagship Harbor Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter worth about $31,000. Accel Wealth Management increased its position in Phillips Edison & Company, Inc. by 8.6% during the 4th quarter. Accel Wealth Management now owns 36,990 shares of the company’s stock worth $1,316,000 after purchasing an additional 2,920 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Phillips Edison & Company, Inc. by 3.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 83,771 shares of the company’s stock valued at $2,980,000 after purchasing an additional 2,484 shares during the last quarter. Finally, Aberdeen Group plc lifted its holdings in Phillips Edison & Company, Inc. by 2.6% in the 4th quarter. Aberdeen Group plc now owns 122,150 shares of the company’s stock valued at $4,345,000 after purchasing an additional 3,058 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.