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

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $41.4286.

A number of equities research analysts recently weighed in on PECO shares. UBS Group upped their price target on Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Morgan Stanley increased their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Barclays increased their target price on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Wells Fargo & Company increased their target price on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Weiss Ratings cut Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Large investors have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $29,000. Flagship Harbor Advisors LLC acquired a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $31,000. Jones Financial Companies Lllp lifted its stake in shares of Phillips Edison & Company, Inc. by 2,590.0% during the 3rd 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 lifted its stake in shares of Phillips Edison & Company, Inc. by 55.5% during the 4th 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, Hantz Financial Services Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 418.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after purchasing an additional 903 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

PECO opened at $40.15 on Friday. The stock has a market cap of $5.05 billion, a P/E ratio of 43.64, a P/E/G ratio of 2.17 and a beta of 0.54. The stock’s 50 day simple moving average is $38.93 and its 200 day simple moving average is $37.26. Phillips Edison & Company, Inc. has a 1-year low of $32.84 and a 1-year high of $41.07.

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

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is 141.30%.

Phillips Edison & Company, Inc. Company Profile

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.