Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $43.43 Average PT from Analysts

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been given an average rating of “Hold” by the eight analysts that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $43.4286.

PECO has been the topic of several recent analyst reports. Barclays increased their target price on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. LADENBURG THALM/SH SH upped their price objective on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. UBS Group increased their price objective on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Evercore reissued an “outperform” rating and issued a $44.00 target price on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, July 7th. Finally, Morgan Stanley upped their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th.

Institutional Trading of Phillips Edison & Company, Inc.

Institutional investors and hedge funds have recently made changes to their positions in the company. CX Institutional boosted its holdings in Phillips Edison & Company, Inc. by 115.5% in the second quarter. CX Institutional now owns 724 shares of the company’s stock valued at $30,000 after acquiring an additional 388 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Phillips Edison & Company, Inc. during the first quarter worth about $29,000. Flagship Harbor Advisors LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd raised its holdings in shares of Phillips Edison & Company, Inc. by 55.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after purchasing an additional 376 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 143.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after purchasing an additional 672 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Stock Performance

PECO stock opened at $43.73 on Friday. The company has a 50 day moving average price of $40.99 and a two-hundred day moving average price of $38.78. The stock has a market capitalization of $5.50 billion, a P/E ratio of 47.53, a PEG ratio of 2.25 and a beta of 0.52. Phillips Edison & Company, Inc. has a one year low of $32.84 and a one year high of $43.79.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The business had revenue of $190.74 million for the quarter, compared to analysts’ expectations of $184.91 million. During the same period in the prior year, the company earned $0.65 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be issued a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 141.30%.

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.