Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Average Rating of “Hold” by Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $42.2857.

Several research analysts have weighed in on PECO shares. Barclays upped their price objective on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Morgan Stanley boosted their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. LADENBURG THALM/SH SH boosted their target price on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Wells Fargo & Company boosted their target price on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Evercore reissued an “outperform” rating and issued a $43.00 target price on shares of Phillips Edison & Company, Inc. in a research report on Monday, April 27th.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $41.79 on Wednesday. The firm has a market cap of $5.26 billion, a PE ratio of 45.42, a P/E/G ratio of 2.19 and a beta of 0.53. The firm’s 50 day moving average price is $40.05 and its two-hundred day moving average price is $37.96. Phillips Edison & Company, Inc. has a twelve month low of $32.84 and a twelve month high of $42.26.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.43). The company had revenue of $190.74 million during the quarter, compared to analyst estimates of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be given a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 141.30%.

Institutional Trading of Phillips Edison & Company, Inc.

Several large investors have recently added to or reduced their stakes in PECO. Western Wealth Management LLC bought a new position in Phillips Edison & Company, Inc. in the 1st quarter worth $29,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at about $31,000. Jones Financial Companies Lllp increased its stake in shares of Phillips Edison & Company, Inc. by 2,590.0% in the third quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock worth $37,000 after purchasing an additional 1,036 shares during the period. Aster Capital Management DIFC Ltd increased its stake in shares of Phillips Edison & Company, Inc. by 55.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after purchasing an additional 376 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Phillips Edison & Company, Inc. by 143.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $41,000 after purchasing an additional 672 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.