2 weeks Ago By Defense World Staff
Phillips Edison & Company, Inc. ( NASDAQ:PECO – Get Free Report ) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 4,290,000 shares, a growth of 32.
0% from the August 31st total of 3,250,000 shares. Based on an average daily volume of 727,800 shares, the short-interest ratio is currently 5.9 days.
Approximately 3.5% of the company’s stock are sold short. Analyst Ratings Changes Several equities research analysts recently weighed in on the stock.
Compass Point raised their price target on shares of 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. Wells Fargo & Company raised Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $34.
00 to $37.00 in a report on Wednesday, August 28th. Finally, Mizuho upped their price target on Phillips Edison & Company, Inc.
from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, August 19th.
Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.50.
Get Our Latest Analysis on PECO Phillips Edison & Company, Inc. Price Performance Phillips Edison & Company, Inc. ( NASDAQ:PECO – Get Free Report ) last posted its quarterly earnings results on Thursday, July 25th.
The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.
48). The firm had revenue of $161.52 million during the quarter, compared to the consensus estimate of $156.
29 million. Phillips Edison & Company, Inc. had a return on equity of 2.
23% and a net margin of 9.32%. The business’s revenue for the quarter was up 6.
2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share.
Sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.42 EPS for the current year.
Phillips Edison & Company, Inc. Increases Dividend The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.
1025 per share. The ex-dividend date is Tuesday, October 15th. This is a boost from Phillips Edison & Company, Inc.
’s previous monthly dividend of $0.10. This represents a $1.
23 dividend on an annualized basis and a yield of 3.30%. Phillips Edison & Company, Inc.
’s dividend payout ratio (DPR) is currently 267.39%. Hedge Funds Weigh In On Phillips Edison & Company, Inc.
Large investors have recently made changes to their positions in the business. Centaurus Financial Inc. grew its position in shares of Phillips Edison & Company, Inc.
by 3.5% during the second quarter. Centaurus Financial Inc.
now owns 131,408 shares of the company’s stock worth $4,298,000 after purchasing an additional 4,498 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $2,695,000.
Sanctuary Advisors LLC bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $231,000. Teachers Retirement System of The State of Kentucky grew its holdings in Phillips Edison & Company, Inc.
by 7.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 105,734 shares of the company’s stock valued at $3,458,000 after buying an additional 7,365 shares in the last quarter.
Finally, Kimelman & Baird LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter valued at approximately $220,000. 80.
70% of the stock is currently owned by hedge funds and other institutional investors. About Phillips Edison & Company, Inc. ( Get Free Report ) 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. See Also Five stocks we like better than Phillips Edison & Company, Inc. Why Are These Companies Considered Blue Chips? Simon Property REIT: A Safe Bet for Growth and Steady Dividends Most Volatile Stocks, What Investors Need to Know CarMax’s Impressive Rally: What Investors Should Watch Next What Are Dividend Achievers? An Introduction MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for Phillips Edison & Company Inc.
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