Phillips Edison & Company, Inc. (NASDAQ:PECO) Releases Earnings Results, Beats Estimates By $0.50 EPS

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced its earnings results on Thursday. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.50, Zacks reports. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%.

Phillips Edison & Company, Inc. Stock Performance

PECO traded down $0.25 on Thursday, hitting $36.61. 602,279 shares of the company were exchanged, compared to its average volume of 563,007. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12. The firm has a market capitalization of $4.49 billion, a P/E ratio of 79.59, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. The business’s fifty day moving average is $37.49 and its 200 day moving average is $37.16.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a $0.1025 dividend. This is a boost from Phillips Edison & Company, Inc.’s previous dividend of $0.10. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 3.13%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 267.39%.

Wall Street Analyst Weigh In

PECO has been the subject of a number of research reports. Wolfe Research raised shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 target price for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price target on Phillips Edison & Company, Inc. from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Mizuho raised their target price on shares of Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.