Phillips Edison & Company, Inc. (NASDAQ:PECO) Now Covered by Analysts at Credit Suisse Group

Equities research analysts at Credit Suisse Group began coverage on shares of Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) in a research report issued on Wednesday, The Fly reports. The brokerage set a “neutral” rating and a $34.00 price target on the stock. Credit Suisse Group’s price target indicates a potential upside of 4.26% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Compass Point decreased their price target on shares of Phillips Edison & Company, Inc. from $36.50 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday. Morgan Stanley downgraded shares of Phillips Edison & Company, Inc. from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a research note on Wednesday, March 9th. Finally, Wells Fargo & Company upped their price target on shares of Phillips Edison & Company, Inc. from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, April 7th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.11.

Shares of PECO opened at $32.61 on Wednesday. The stock has a market cap of $3.70 billion and a price-to-earnings ratio of 141.78. Phillips Edison & Company, Inc. has a 12 month low of $26.51 and a 12 month high of $36.35. The company has a 50-day moving average price of $33.85 and a two-hundred day moving average price of $33.19.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.41). Phillips Edison & Company, Inc. had a return on equity of 1.06% and a net margin of 4.61%. On average, analysts expect that Phillips Edison & Company, Inc. will post 2.18 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group purchased a new position in Phillips Edison & Company, Inc. during the 1st quarter valued at $623,000. J.W. Cole Advisors Inc. bought a new position in Phillips Edison & Company, Inc. during the 1st quarter valued at about $5,941,000. Bank of America Corp DE lifted its stake in Phillips Edison & Company, Inc. by 37.7% during the 1st quarter. Bank of America Corp DE now owns 65,165 shares of the company’s stock valued at $2,242,000 after acquiring an additional 17,853 shares during the period. Rehmann Capital Advisory Group bought a new position in Phillips Edison & Company, Inc. during the 1st quarter valued at about $484,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter worth approximately $429,000. Institutional investors own 36.58% of the company’s stock.

About Phillips Edison & Company, Inc. (Get Rating)

Phillips Edison & Company, Inc (PECO), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States.

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Analyst Recommendations for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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