Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Rating) announced a monthly dividend on Thursday, December 8th, Wall Street Journal reports. Stockholders of record on Tuesday, January 17th will be paid a dividend of 0.0933 per share on Wednesday, February 1st. This represents a $1.12 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Friday, January 13th.

Phillips Edison & Company, Inc. Stock Performance

PECO stock opened at $32.89 on Thursday. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 131.56, a PEG ratio of 2.10 and a beta of 0.59. Phillips Edison & Company, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $36.35. The stock has a fifty day moving average of $31.69 and a 200-day moving average of $31.90.

Insider Activity at Phillips Edison & Company, Inc.

In related news, Director Paul Massey sold 9,600 shares of the firm's stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $31.42, for a total transaction of $301,632.00. Following the transaction, the director now directly owns 10,439 shares of the company's stock, valued at approximately $327,993.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 7.90% of the stock is currently owned by insiders.

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

Wall Street Analysts Forecast Growth

PECO has been the subject of several analyst reports. Mizuho cut their target price on Phillips Edison & Company, Inc. from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Friday, November 11th. Credit Suisse Group raised Phillips Edison & Company, Inc. from a "neutral" rating to an "outperform" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.20.

About Phillips Edison & Company, Inc.

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Phillips Edison & Company, Inc (PECO), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States.

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