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

Defense World · Feb 2, 2023 01:31

Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Rating) will release its earnings data after the market closes on Thursday, February 9th. Analysts expect Phillips Edison & Company, Inc. to post earnings of $0.54 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Phillips Edison & Company, Inc. Stock Up 0.8 %

Phillips Edison & Company, Inc. stock opened at $33.78 on Thursday. Phillips Edison & Company, Inc. has a 52 week low of $27.07 and a 52 week high of $36.31. The business has a 50-day simple moving average of $32.40 and a 200 day simple moving average of $31.80. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 135.12, a PEG ratio of 2.16 and a beta of 0.59.

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Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th were issued a $0.0933 dividend. This represents a dividend yield of 3.44%. The ex-dividend date was Wednesday, December 14th. Phillips Edison & Company, Inc.'s payout ratio is currently 448.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PECO shares. Mizuho cut their price objective on Phillips Edison & Company, Inc. from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Friday, November 11th. Credit Suisse Group upgraded Phillips Edison & Company, Inc. from a "neutral" rating to an "outperform" rating in a report on Monday, January 9th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $33.20.

Insiders Place Their Bets

In other news, Director Paul Massey sold 9,600 shares of the firm's stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $31.42, for a total value of $301,632.00. Following the transaction, the director now owns 10,439 shares in the company, valued at $327,993.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Clearstead Advisors LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the third quarter worth $25,000. Parkside Financial Bank & Trust purchased a new position in Phillips Edison & Company, Inc. during the 1st quarter valued at $48,000. PNC Financial Services Group Inc. purchased a new position in Phillips Edison & Company, Inc. during the 1st quarter valued at $99,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Phillips Edison & Company, Inc. during the 1st quarter valued at $122,000. Finally, Captrust Financial Advisors purchased a new position in Phillips Edison & Company, Inc. during the 2nd quarter valued at $181,000. 70.90% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Company Profile

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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.