Phillips Edison & Company, Inc. (NASDAQ:PECO) Downgraded to “Sell” Rating by Wall Street Zen

Phillips Edison & Company, Inc. (NASDAQ:PECO) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently issued reports on PECO. Barclays dropped their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. LADENBURG THALM/SH SH initiated coverage on Phillips Edison & Company, Inc. in a research report on Tuesday. They set a “buy” rating and a $40.00 price target on the stock. Finally, Mizuho lowered their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has a consensus rating of “Moderate Buy” and an average price target of $38.83.

Phillips Edison & Company, Inc. Trading Down 1.0%

Shares of PECO opened at $35.60 on Friday. The company has a market cap of $4.47 billion, a PE ratio of 64.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.55. The stock has a 50-day moving average price of $34.59 and a 200-day moving average price of $35.14. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $40.12.

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

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

A number of large investors have recently bought and sold shares of PECO. Fifth Third Bancorp increased its stake in Phillips Edison & Company, Inc. by 78.1% in 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 period. Assetmark Inc. bought a new stake in shares of Phillips Edison & Company, Inc. in the second quarter worth about $28,000. CX Institutional bought a new stake in shares of Phillips Edison & Company, Inc. in the first quarter worth about $30,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Phillips Edison & Company, Inc. by 79.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company’s stock worth $50,000 after purchasing an additional 602 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter worth about $54,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

About Phillips Edison & Company, Inc.

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.