Phillips Edison & Company, Inc. (NASDAQ:PECO) Given New $41.00 Price Target at Mizuho

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its target price lifted by research analysts at Mizuho from $39.00 to $41.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 4.59% from the stock’s current price.

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

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO stock opened at $39.20 on Tuesday. The company has a market capitalization of $4.81 billion, a P/E ratio of 85.22, a PEG ratio of 3.61 and a beta of 0.57. Phillips Edison & Company, Inc. has a fifty-two week low of $30.62 and a fifty-two week high of $40.12. The stock has a 50 day moving average price of $38.05 and a two-hundred day moving average price of $35.81.

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

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

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