Brokerages Set Phillips Edison & Company, Inc. (NASDAQ:PECO) PT at $39.38

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $39.3750.

Several equities analysts recently commented on PECO shares. Evercore set a $42.00 price target on Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research report on Friday, February 6th. Wells Fargo & Company began coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 price target on the stock. KeyCorp restated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. Evercore ISI set a $42.00 price target on shares of Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Mizuho set a $39.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Friday, January 9th.

Phillips Edison & Company, Inc. Price Performance

Shares of Phillips Edison & Company, Inc. stock opened at $38.20 on Thursday. The firm’s fifty day simple moving average is $35.84 and its 200-day simple moving average is $34.98. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 0.97 and a beta of 0.53. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $38.67.

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

Phillips Edison & Company, Inc. Announces Dividend

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 given a $0.1083 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 3.4%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 146.07%.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in Phillips Edison & Company, Inc. by 31.3% during the 2nd quarter. Osaic Holdings Inc. now owns 270,642 shares of the company’s stock valued at $9,521,000 after purchasing an additional 64,465 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 1.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock valued at $77,387,000 after buying an additional 35,107 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Phillips Edison & Company, Inc. during the second quarter worth approximately $250,000. Engineers Gate Manager LP bought a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $32,695,000. Finally, Allworth Financial LP grew its holdings in Phillips Edison & Company, Inc. by 391.3% in the 2nd quarter. Allworth Financial LP now owns 41,809 shares of the company’s stock worth $1,465,000 after buying an additional 33,299 shares in the last quarter. 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.