Phillips Edison & Company, Inc. (NASDAQ:PECO) Now Covered by Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH started coverage on shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in a research report report published on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $40.00 price target on the stock.

Several other research firms have also weighed in on PECO. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Mizuho decreased their price objective on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Finally, Barclays dropped their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO opened at $35.59 on Tuesday. The company has a market cap of $4.47 billion, a PE ratio of 64.71, a price-to-earnings-growth ratio of 1.22 and a beta of 0.55. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12. The firm has a 50 day simple moving average of $34.55 and a 200 day simple moving average of $35.14.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The firm had revenue of $173.47 million for the quarter, compared to analysts’ expectations of $174.38 million. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. On average, equities analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.1083 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 223.64%.

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

Large investors have recently made changes to their positions in the company. Townsquare Capital LLC raised its position in Phillips Edison & Company, Inc. by 3.6% during the first quarter. Townsquare Capital LLC now owns 8,610 shares of the company’s stock valued at $314,000 after acquiring an additional 303 shares in the last quarter. Lazard Asset Management LLC grew its position in Phillips Edison & Company, Inc. by 1.0% in the second quarter. Lazard Asset Management LLC now owns 30,876 shares of the company’s stock worth $1,081,000 after acquiring an additional 314 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Phillips Edison & Company, Inc. by 78.1% during the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company’s stock worth $27,000 after purchasing an additional 321 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Phillips Edison & Company, Inc. by 1.0% during the 2nd quarter. Maryland State Retirement & Pension System now owns 36,853 shares of the company’s stock valued at $1,291,000 after purchasing an additional 371 shares in the last quarter. Finally, Norinchukin Bank The lifted its stake in shares of Phillips Edison & Company, Inc. by 6.9% in the 1st quarter. Norinchukin Bank The now owns 5,785 shares of the company’s stock valued at $211,000 after purchasing an additional 372 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.