Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $38.8571.

A number of equities analysts recently weighed in on PECO shares. Mizuho set a $39.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Friday, January 9th. Evercore set a $42.00 target price on Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research note on Friday, February 6th. Barclays decreased their price target on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. Morgan Stanley upped their price target on 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 Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ:PECO opened at $38.71 on Monday. The firm has a market cap of $4.87 billion, a P/E ratio of 43.49, a P/E/G ratio of 0.99 and a beta of 0.51. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.06. The firm has a 50-day simple moving average of $36.90 and a two-hundred day simple moving average of $35.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results 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 firm had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $183.18 million. During the same period last year, the firm posted $0.62 earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared 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. This represents a c) dividend on an annualized basis 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 (DPR) is presently 146.07%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in Phillips Edison & Company, Inc. by 12.8% during the first quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock valued at $2,982,000 after purchasing an additional 9,250 shares during the period. AQR Capital Management LLC grew its position in Phillips Edison & Company, Inc. by 8.2% in the 1st quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock worth $405,000 after purchasing an additional 845 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Phillips Edison & Company, Inc. by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock valued at $2,668,000 after buying an additional 3,199 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Phillips Edison & Company, Inc. by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 78,147 shares of the company’s stock valued at $2,737,000 after buying an additional 1,797 shares during the period. 80.70% of the stock is owned by hedge funds and other 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.