Till Android 4.3, an Android device with Bluetooth Low Energy support could only act as a central device. As is given in the Android 4.3 Bluetooth LE docs:
http://developer.android.com/sdk/api_diff/19/changes.html
By looking at the full api difference, the answer in short : NO
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To add peripheral role support now you have to get your hands dirty to customize the Bluedroid stack in the OS level, or try your luck on XDA developers to see if anyone has done this before. I am not sure the current Android phone support peripheral role at hardware level,though .