Phillips Edison & Company, Inc. (NASDAQ:PECO) PT Lowered to $36.00

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its target price trimmed by Compass Point from $39.00 to $36.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Mizuho raised shares of Phillips Edison & Company, Inc. from a neutral rating to a buy rating and raised their price objective for the stock from $35.00 to $37.00 in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft began coverage on Phillips Edison & Company, Inc. in a report on Tuesday, January 30th. They issued a buy rating and a $41.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a neutral rating for the company in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of Hold and an average target price of $38.14.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO opened at $32.68 on Monday. The business’s 50-day moving average is $34.56 and its two-hundred day moving average is $35.03. The firm has a market capitalization of $3.99 billion, a PE ratio of 71.05, a price-to-earnings-growth ratio of 3.69 and a beta of 0.55. Phillips Edison & Company, Inc. has a 12 month low of $27.85 and a 12 month high of $37.92.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a dividend of $0.0975 per share. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.17 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, April 12th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 254.35%.

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

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 18,759,585 shares of the company’s stock valued at $684,350,000 after buying an additional 266,832 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Phillips Edison & Company, Inc. by 1.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,207,617 shares of the company’s stock valued at $174,663,000 after acquiring an additional 99,383 shares in the last quarter. FMR LLC boosted its position in Phillips Edison & Company, Inc. by 4.0% during the 3rd quarter. FMR LLC now owns 4,874,206 shares of the company’s stock worth $163,481,000 after acquiring an additional 186,651 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,872,476 shares of the company’s stock worth $68,308,000 after purchasing an additional 145,078 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Phillips Edison & Company, Inc. by 1.5% during the third quarter. Northern Trust Corp now owns 1,376,392 shares of the company’s stock valued at $46,164,000 after purchasing an additional 20,461 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.