Brokerages Set Phillips Edison & Company, Inc. (NASDAQ:PECO) PT at $38.86

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $38.8571.

PECO has been the subject of a number of recent analyst reports. Barclays lifted their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, October 8th. UBS Group assumed coverage on Phillips Edison & Company, Inc. in a report on Friday, October 17th. They issued a “neutral” rating and a $37.00 price target for the company. Wells Fargo & Company started coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 price target on the stock. Finally, Wall Street Zen cut Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th.

Institutional Trading of Phillips Edison & Company, Inc.

A number of institutional investors and hedge funds have recently modified their holdings of PECO. Norges Bank purchased a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at about $55,410,000. Engineers Gate Manager LP acquired a new position in shares of Phillips Edison & Company, Inc. during the second quarter valued at approximately $32,695,000. Nuveen LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at approximately $32,465,000. Balyasny Asset Management L.P. acquired a new stake in shares of Phillips Edison & Company, Inc. in the second quarter worth approximately $22,434,000. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Phillips Edison & Company, Inc. by 42.1% in the first quarter. Alyeska Investment Group L.P. now owns 2,013,308 shares of the company’s stock worth $73,466,000 after acquiring an additional 596,123 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 1.1%

Shares of PECO stock opened at $34.51 on Tuesday. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The stock has a market cap of $4.34 billion, a P/E ratio of 52.29, a P/E/G ratio of 1.47 and a beta of 0.53. The stock has a 50 day moving average of $34.57 and a 200 day moving average of $34.79.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.44). The company had revenue of $182.67 million during the quarter, compared to analysts’ expectations of $177.19 million. Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, research analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, February 17th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 196.97%.

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.