Wells Fargo & Company Issues Positive Forecast for Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Price

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its target price upped by Wells Fargo & Company from $36.00 to $40.00 in a research report report published on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts have also recently commented on the company. Mizuho set a $39.00 price target on Phillips Edison & Company, Inc. in a report on Friday, January 9th. Evercore set a $42.00 price objective on shares of Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a report on Friday, February 6th. KeyCorp restated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. Morgan Stanley lifted their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Finally, Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Hold” and a consensus target price of $39.43.

Phillips Edison & Company, Inc. Stock Down 0.1%

Shares of Phillips Edison & Company, Inc. stock opened at $37.49 on Thursday. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.06. The business’s fifty day moving average is $37.39 and its two-hundred day moving average is $35.75. The firm has a market cap of $4.72 billion, a PE ratio of 42.12, a P/E/G ratio of 0.96 and a beta of 0.51.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). The business had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $183.18 million. Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be issued a dividend of $0.1083 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. Phillips Edison & Company, Inc.’s payout ratio is presently 146.07%.

Institutional Trading of Phillips Edison & Company, Inc.

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $70,850,000. Balyasny Asset Management L.P. raised its stake in shares of Phillips Edison & Company, Inc. by 191.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock valued at $64,184,000 after acquiring an additional 1,229,186 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $32,695,000. M&T Bank Corp acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at $27,133,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter valued at $19,400,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

About Phillips Edison & Company, Inc.

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.