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

Phillips Edison & Company, Inc. (NASDAQ:PECO) is set to announce its earnings results 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. Stock Performance

NASDAQ PECO opened at $33.27 on Tuesday. The stock has a market cap of $4.07 billion, a PE ratio of 72.33, a P/E/G ratio of 3.72 and a beta of 0.55. The firm has a 50-day moving average of $34.72 and a 200-day moving average of $35.06. Phillips Edison & Company, Inc. has a 52-week low of $27.85 and a 52-week high of $37.92.

Phillips Edison & Company, Inc. Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a $0.0975 dividend. This is a boost from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10. This represents a $1.17 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Friday, April 12th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 254.35%.

Wall Street Analyst Weigh In

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