Phillips Edison & Company Inc (NASDAQ:PECO) price on Friday, July 12, rose 1.53% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $33.87.
A look at the stock’s price movement, the close in the last trading session was $33.36. The PE ratio in trailing twelve months stood at 71.97. Turning to its 52-week performance, $37.92 and $30.62 were the 52-week high and 52-week low respectively. Overall, PECO moved 7.87% over the past month.
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Phillips Edison & Company Inc’s market cap currently stands at around $4.15 billion. The company has a Forward Dividend ratio of 1.16, with its dividend yield at 3.43%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 162.02M for the company’s revenue for the quarter, with a low and high estimate of 159.03M and 164.17M respectively. The average forecast suggests up to a 6.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 651.59M, representing a 6.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PECO is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 18.45, with PECO’s current price about 4.49% and 4.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.44, while 7-day volatility ratio is 1.67% and 1.51% in the 30-day chart. Further, Phillips Edison & Company Inc (PECO) has a beta value of 0.56, and an average true range (ATR) of 0.56.
If we refocus on Phillips Edison & Company Inc (NASDAQ:PECO), historical trading data shows that trading volumes averaged 665.36K over the past 3 months. The company’s latest data on shares outstanding shows there are 122.02 million shares.
The 0.56% of Phillips Edison & Company Inc’s shares are in the hands of company insiders while institutional holders own 80.90% of the company’s shares. Current price change has pushed the stock -7.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PECO stock continues to rise going into the next quarter.
