Phillips Edison & Company, Inc. (PECO) Set to Announce Earnings on Thursday

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

Phillips Edison & Company, Inc. Trading Up 0.7 %

Shares of NASDAQ:PECO opened at $33.49 on Wednesday. The firm has a 50 day moving average of $34.70 and a 200-day moving average of $35.06. The stock has a market capitalization of $4.09 billion, a PE ratio of 72.81, a PEG ratio of 3.72 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 announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.0975 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.49%. This is a boost from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. Phillips Edison & Company, Inc.’s dividend payout ratio is 254.35%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PECO. JPMorgan Chase & Co. lowered their price objective on 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. Deutsche Bank Aktiengesellschaft assumed coverage on 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. Finally, Mizuho upgraded shares of Phillips Edison & Company, Inc. from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $37.00 in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.14.

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.