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

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $38.8571.

PECO has been the topic of a number of research analyst reports. Barclays reaffirmed a “positive” rating and issued a $41.00 target price on shares of Phillips Edison & Company, Inc. in a report on Tuesday. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley raised their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Mizuho set a $39.00 target price on Phillips Edison & Company, Inc. in a research note on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $35.80 on Friday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 54.24, a PEG ratio of 1.41 and a beta of 0.53. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $37.76. The firm’s 50-day simple moving average is $35.20 and its 200-day simple moving average is $34.73.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share 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 analyst estimates of $177.19 million. Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.Phillips Edison & Company, Inc.’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. As a group, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS 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 $0.1083 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, February 17th. Phillips Edison & Company, Inc.’s payout ratio is currently 196.97%.

Institutional Trading of Phillips Edison & Company, Inc.

Several hedge funds and other institutional investors have recently modified their holdings of PECO. Assetmark Inc. bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at about $28,000. Jones Financial Companies Lllp increased its stake in shares of 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 worth $37,000 after purchasing an additional 1,036 shares during the period. Hantz Financial Services Inc. lifted its holdings in 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 last quarter. Quantbot Technologies LP acquired a new stake in Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $43,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Phillips Edison & Company, Inc. by 6,850.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,529 shares of the company’s stock valued at $52,000 after purchasing an additional 1,507 shares during the period. Institutional investors own 80.70% of the company’s stock.

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.