Barclays Has Lowered Expectations for Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Price

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price objective dropped by stock analysts at Barclays from $41.00 to $40.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 1.93% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. UBS Group lifted their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Evercore set a $42.00 price target on Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a report on Friday, February 6th. Morgan Stanley upped their price objective on 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. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.86.

Phillips Edison & Company, Inc. Trading Down 0.4%

Shares of Phillips Edison & Company, Inc. stock opened at $39.24 on Monday. The stock’s fifty day moving average price is $36.54 and its 200-day moving average price is $35.35. The firm has a market cap of $4.94 billion, a P/E ratio of 44.01, a P/E/G ratio of 1.00 and a beta of 0.51. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.06.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share 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 analysts’ expectations of $183.18 million. Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Analysts forecast 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.

Several hedge funds and other institutional investors have recently modified their holdings of PECO. Assetmark Inc. purchased a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $31,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Phillips Edison & Company, Inc. by 55.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after buying an additional 376 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Phillips Edison & Company, Inc. by 2,590.0% during the third quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after buying an additional 1,036 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Phillips Edison & Company, Inc. by 418.1% in 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 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.