Barclays Lowers Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target to $40.00

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price target lowered by research analysts at Barclays from $41.00 to $40.00 in a report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 0.86% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley raised their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Mizuho set a $39.00 price target on Phillips Edison & Company, Inc. in a research note on Friday, January 9th. Wall Street Zen raised shares of 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. Finally, 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. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Hold” and an average target price of $38.86.

Phillips Edison & Company, Inc. Stock Down 0.3%

NASDAQ:PECO opened at $39.66 on Monday. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.06. The stock has a fifty day simple moving average of $36.71 and a 200-day simple moving average of $35.43. The company has a market capitalization of $4.99 billion, a PE ratio of 44.56, a price-to-earnings-growth ratio of 1.02 and a beta of 0.51.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued 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 analyst estimates 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 was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. 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 year.

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

Hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its stake in Phillips Edison & Company, Inc. by 31.3% in the second quarter. Osaic Holdings Inc. now owns 270,642 shares of the company’s stock valued at $9,521,000 after acquiring an additional 64,465 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Phillips Edison & Company, Inc. by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock valued at $77,387,000 after purchasing an additional 35,107 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Phillips Edison & Company, Inc. during the 2nd quarter worth $250,000. Allworth Financial LP increased its position in Phillips Edison & Company, Inc. by 391.3% in the second 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 during the period. Finally, Engineers Gate Manager LP bought a new stake in Phillips Edison & Company, Inc. in the second quarter valued at $32,695,000. Institutional investors and hedge funds 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.