Mizuho Increases Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target to $41.00

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price target hoisted by Mizuho from $39.00 to $41.00 in a research note published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Compass Point boosted their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $34.00 to $37.00 in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.14.

Phillips Edison & Company, Inc. Stock Down 0.5 %

PECO opened at $39.02 on Tuesday. The business’s fifty day simple moving average is $38.08 and its 200 day simple moving average is $35.86. Phillips Edison & Company, Inc. has a 52 week low of $30.62 and a 52 week high of $40.12. The stock has a market cap of $4.78 billion, a PE ratio of 84.83, a P/E/G ratio of 3.61 and a beta of 0.57.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.52). The firm had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 earnings per share. As a group, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, February 18th. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Institutional Trading of Phillips Edison & Company, Inc.

A number of institutional investors have recently modified their holdings of PECO. V Square Quantitative Management LLC purchased a new position in Phillips Edison & Company, Inc. during the 3rd quarter valued at about $28,000. 1620 Investment Advisors Inc. purchased a new position in shares of Phillips Edison & Company, Inc. during the second quarter valued at approximately $26,000. Legacy Investment Solutions LLC bought a new position in shares of Phillips Edison & Company, Inc. during the third quarter valued at approximately $36,000. Hobbs Group Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. in the second quarter worth $39,000. Finally, Blue Trust Inc. boosted its holdings in Phillips Edison & Company, Inc. by 160.2% in the second quarter. Blue Trust Inc. now owns 2,095 shares of the company’s stock valued at $75,000 after acquiring an additional 1,290 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

About Phillips Edison & Company, Inc.

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.