Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Consensus Rating of “Hold” from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $39.4286.

Several research firms recently commented on PECO. UBS Group lifted their price target on 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. Evercore set a $42.00 price objective on Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research note on Friday, February 6th. Morgan Stanley lifted their target price on 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. KeyCorp restated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. Finally, Mizuho set a $39.00 price target on Phillips Edison & Company, Inc. in a research report on Friday, January 9th.

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

Several hedge funds have recently added to or reduced their stakes in PECO. State Street Corp lifted its stake in Phillips Edison & Company, Inc. by 2.3% in the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after purchasing an additional 166,108 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Phillips Edison & Company, Inc. by 5.4% during the fourth quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock valued at $224,377,000 after buying an additional 325,215 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Phillips Edison & Company, Inc. by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock worth $82,624,000 after buying an additional 86,749 shares during the period. Norges Bank purchased a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter worth approximately $70,850,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Phillips Edison & Company, Inc. by 191.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after acquiring an additional 1,229,186 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Stock Up 0.8%

Phillips Edison & Company, Inc. stock opened at $37.53 on Friday. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 42.17, a PEG ratio of 0.95 and a beta of 0.53. The firm’s fifty day moving average is $37.74 and its 200 day moving average is $35.84. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.06.

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). 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 during the quarter, compared to analysts’ expectations of $183.18 million. During the same period in the previous year, the business earned $0.62 earnings per share. The business’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 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 paid a $0.1083 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 3.5%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 146.07%.

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.