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

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its target price raised by Barclays from $40.00 to $42.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other analysts have also recently issued reports about the stock. Evercore set a $42.00 price target on shares of Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a report on Friday, February 6th. Morgan Stanley raised their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Wells Fargo & Company upped their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Finally, UBS Group increased their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Four equities research 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, the company currently has an average rating of “Hold” and a consensus price target of $39.71.

Phillips Edison & Company, Inc. Stock Down 0.8%

PECO stock opened at $38.22 on Monday. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $40.06. The stock’s 50 day moving average is $38.06 and its two-hundred day moving average is $36.01. The company has a market capitalization of $4.81 billion, a PE ratio of 42.94, a P/E/G ratio of 0.98 and a beta of 0.53.

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

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 146.07%.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC bought a new stake in Phillips Edison & Company, Inc. during the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd lifted its position in shares of Phillips Edison & Company, Inc. by 55.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after buying an additional 376 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Phillips Edison & Company, Inc. by 2,590.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after buying an additional 1,036 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Phillips Edison & Company, Inc. by 418.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock valued at $38,000 after buying an additional 903 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 143.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after buying an additional 672 shares during the period. 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.