In a report released today, Richard Hightower from Barclays maintained a Hold rating on Phillips Edison & Company, with a price target of $38.00. The company’s shares closed last Friday at $33.75.
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According to TipRanks, Hightower is an analyst with an average return of -1.8% and a 39.84% success rate. Hightower covers the Real Estate sector, focusing on stocks such as Agree Realty, AvalonBay, and Equity Lifestyle.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Phillips Edison & Company with a $38.78 average price target.
PECO market cap is currently $4.67B and has a P/E ratio of 64.05.
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