Phillips Edison & Company, Inc. (NASDAQ:PECO) Hits New 52-Week High – Still a Buy?

Phillips Edison & Company, Inc. (NASDAQ:PECO) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $39.87 and last traded at $39.7360, with a volume of 105505 shares trading hands. The stock had previously closed at $39.38.

Analyst Ratings Changes

PECO has been the subject of a number of research analyst reports. Evercore set a $42.00 price objective on Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research report on Friday, February 6th. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Barclays reaffirmed a “positive” rating and issued a $41.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, January 13th. Finally, Mizuho set a $39.00 target price on Phillips Edison & Company, Inc. in a research report on Friday, January 9th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Phillips Edison & Company, Inc. Stock Performance

The stock has a market cap of $4.94 billion, a PE ratio of 44.14, a PEG ratio of 1.00 and a beta of 0.53. The stock has a fifty day moving average price of $36.54 and a 200 day moving average price of $35.34.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.28). The company had revenue of $187.86 million for 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%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal 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 $0.1083 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, May 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 146.07%.

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

Several hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in Phillips Edison & Company, Inc. in the second quarter worth about $28,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter worth approximately $31,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Phillips Edison & Company, Inc. by 55.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after acquiring an additional 376 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Phillips Edison & Company, Inc. by 2,590.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after acquiring an additional 1,036 shares during the period. Finally, Hantz Financial Services Inc. boosted 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 valued at $38,000 after acquiring an additional 903 shares during the period. 80.70% of the stock is currently owned by institutional investors.

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.