Phillips Edison & Company, Inc. (PECO) Scheduled to Post Earnings on Thursday

Phillips Edison & Company, Inc. (NASDAQ:PECO) is scheduled to be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect Phillips Edison & Company, Inc. to post earnings of $0.60 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO opened at $32.02 on Thursday. Phillips Edison & Company, Inc. has a one year low of $27.85 and a one year high of $37.92. The company has a market cap of $3.91 billion, a P/E ratio of 69.61, a P/E/G ratio of 3.67 and a beta of 0.55. The firm’s fifty day moving average price is $34.85 and its two-hundred day moving average price is $35.05.

Phillips Edison & Company, Inc. Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.0975 dividend. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.17 annualized dividend and a dividend yield of 3.65%. Phillips Edison & Company, Inc.’s dividend payout ratio is 254.35%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PECO. Mizuho upgraded shares of Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and upped their price target for the company from $35.00 to $37.00 in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, January 30th. They issued a “buy” rating and a $41.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. has an average rating of “Hold” and a consensus target price of $38.14.

Institutional Trading of Phillips Edison & Company, Inc.

Several hedge funds have recently modified their holdings of PECO. Clearstead Advisors LLC bought a new stake in Phillips Edison & Company, Inc. during the 3rd quarter valued at $25,000. State of Wyoming bought a new stake in Phillips Edison & Company, Inc. during the 2nd quarter valued at $30,000. Rockefeller Capital Management L.P. increased its stake in Phillips Edison & Company, Inc. by 5,000.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,326 shares of the company’s stock valued at $42,000 after purchasing an additional 1,300 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $44,000. Finally, Parkside Financial Bank & Trust bought a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $48,000. Institutional investors own 80.70% of the company’s stock.

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.