Phillips Edison & Company, Inc. (NASDAQ:PECO) Raised to “Hold” at Wall Street Zen

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

PECO has been the subject of several other reports. Wells Fargo & Company assumed coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 target price for the company. Barclays increased their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Mizuho lowered their price target 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, LADENBURG THALM/SH SH initiated coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of “Hold” and an average target price of $38.86.

Phillips Edison & Company, Inc. Trading Up 1.1%

NASDAQ:PECO opened at $34.90 on Friday. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 52.88, a PEG ratio of 1.51 and a beta of 0.53. The stock has a 50-day moving average price of $34.57 and a two-hundred day moving average price of $34.77. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. purchased a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at about $28,000. Jones Financial Companies Lllp raised its stake in Phillips Edison & Company, Inc. by 2,590.0% during the third quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after purchasing an additional 1,036 shares in the last quarter. Hantz Financial Services Inc. grew its position in Phillips Edison & Company, Inc. by 418.1% in the third quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after acquiring an additional 903 shares in the last quarter. Quarry LP increased its position in shares of Phillips Edison & Company, Inc. by 21,362.5% during the 1st quarter. Quarry LP now owns 1,717 shares of the company’s stock valued at $63,000 after purchasing an additional 1,709 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Phillips Edison & Company, Inc. by 49.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock valued at $91,000 after acquiring an additional 865 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.