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

Phillips Edison & Company, Inc. (NASDAQ:PECO) is set to release 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 that are interested in registering for the company’s earnings conference call can do so using this link.

Phillips Edison & Company, Inc. Stock Up 0.7 %

Shares of PECO stock opened at $33.49 on Wednesday. Phillips Edison & Company, Inc. has a 52-week low of $27.85 and a 52-week high of $37.92. The stock has a market cap of $4.09 billion, a PE ratio of 72.81, a price-to-earnings-growth ratio of 3.72 and a beta of 0.55. The business has a 50-day simple moving average of $34.70 and a 200-day simple moving average of $35.06.

Phillips Edison & Company, Inc. Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.0975 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.49%. This is a positive change from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Friday, April 12th. Phillips Edison & Company, Inc.’s payout ratio is 254.35%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Mizuho upgraded Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $37.00 in a report on Friday, February 23rd. JPMorgan Chase & Co. cut their price objective on shares of Phillips Edison & Company, Inc. from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, January 30th. They issued a “buy” rating and a $41.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.14.

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.