Phillips Edison & Company Inc (NASDAQ:PECO) Issues FY 2021 Earnings Guidance

Phillips Edison & Company Inc (NASDAQ:PECO) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $0.210-$0.260 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.110. The company issued revenue guidance of -.

Shares of PECO traded down $0.16 during trading hours on Thursday, reaching $33.57. 118,052 shares of the company traded hands, compared to its average volume of 290,644. Phillips Edison & Company Inc has a fifty-two week low of $26.51 and a fifty-two week high of $34.97. The company’s fifty day moving average price is $31.66.

Phillips Edison & Company Inc (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, November 4th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.34). On average, research analysts forecast that Phillips Edison & Company Inc will post 2.16 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 1st. Investors of record on Wednesday, January 19th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, January 18th. This represents a $1.08 annualized dividend and a yield of 3.22%.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Phillips Edison & Company Inc from a buy rating to a hold rating in a research report on Saturday, November 20th. Bank of America assumed coverage on Phillips Edison & Company Inc in a research report on Monday, August 9th. They set a buy rating and a $32.00 target price on the stock. Morgan Stanley increased their target price on Phillips Edison & Company Inc from $32.00 to $33.00 and gave the stock an overweight rating in a research report on Thursday, August 19th. Mizuho assumed coverage on Phillips Edison & Company Inc in a research report on Monday, August 9th. They set a buy rating and a $33.00 target price on the stock. Finally, BMO Capital Markets assumed coverage on Phillips Edison & Company Inc in a research report on Monday, August 9th. They set a market perform rating and a $32.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $33.50.

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada purchased a new position in shares of Phillips Edison & Company Inc in the 3rd quarter worth about $74,000. Jane Street Group LLC purchased a new position in shares of Phillips Edison & Company Inc in the 3rd quarter worth about $243,000. Two Sigma Advisers LP purchased a new position in shares of Phillips Edison & Company Inc in the 3rd quarter worth about $298,000. American International Group Inc. purchased a new position in shares of Phillips Edison & Company Inc in the 3rd quarter worth about $315,000. Finally, Morgan Stanley purchased a new stake in shares of Phillips Edison & Company Inc during the 3rd quarter valued at about $319,000. Institutional investors own 12.54% of the company’s stock.

About Phillips Edison & Company Inc

Phillips Edison & Company Inc is an owners and operators of omni-channel grocery-anchored neighborhood shopping centers. It owned equity interests in real estate properties, including wholly-owned real estate properties and shopping center properties. Phillips Edison & Company Inc is based in CINCINNATI.

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Earnings History and Estimates for Phillips Edison & Company Inc (NASDAQ:PECO)

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