JPMorgan Chase & Co. Lowers Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target to $40.00

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $41.00 to $40.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 9.29% from the company’s previous close.

A number of other research analysts have also recently commented on PECO. Wolfe Research upgraded Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research note on Wednesday, November 13th. Compass Point increased their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Mizuho lifted their price target on Phillips Edison & Company, Inc. from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Phillips Edison & Company, Inc. Stock Up 0.4 %

NASDAQ:PECO opened at $36.60 on Tuesday. The stock’s 50-day simple moving average is $38.58 and its 200 day simple moving average is $36.73. The firm has a market capitalization of $4.49 billion, a PE ratio of 79.57, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly 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 company had revenue of $165.50 million during the quarter, compared to analyst estimates of $157.20 million. Phillips Edison & Company, Inc. had a net margin of 9.03% and a return on equity of 2.22%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share. On average, analysts anticipate that Phillips Edison & Company, Inc. will post 2.42 EPS for the current fiscal year.

Institutional Trading of Phillips Edison & Company, Inc.

Several institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake in shares of Phillips Edison & Company, Inc. by 1.2% in the 2nd quarter. Rhumbline Advisers now owns 402,078 shares of the company’s stock valued at $13,152,000 after purchasing an additional 4,838 shares during the last quarter. Arizona State Retirement System boosted its position in Phillips Edison & Company, Inc. by 4.1% during the second quarter. Arizona State Retirement System now owns 34,224 shares of the company’s stock valued at $1,119,000 after acquiring an additional 1,355 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in Phillips Edison & Company, Inc. by 2.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 72,611 shares of the company’s stock worth $2,375,000 after acquiring an additional 1,740 shares during the period. Diversify Wealth Management LLC bought a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter worth about $2,944,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Phillips Edison & Company, Inc. by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock valued at $40,911,000 after purchasing an additional 179,775 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

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.