Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Average Rating of “Hold” by Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECOGet Free Report) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.1429.

Several research firms have issued reports on PECO. Evercore reiterated an “outperform” rating and set a $43.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Monday, April 27th. Morgan Stanley increased their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. UBS Group increased their price objective on Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company increased their price objective on Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 19th. Finally, Barclays increased their price objective on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th.

Get Our Latest Stock Analysis on Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. Trading Down 0.6%

Shares of NASDAQ PECO opened at $40.30 on Friday. The business has a fifty day simple moving average of $38.67 and a 200 day simple moving average of $37.04. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 2.16 and a beta of 0.54. Phillips Edison & Company, Inc. has a one year low of $32.84 and a one year high of $40.71.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The firm had revenue of $190.74 million during the quarter, compared to analyst estimates of $184.91 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’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. On average, research analysts anticipate 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 disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 141.30%.

Institutional Trading of Phillips Edison & Company, Inc.

Several large investors have recently made changes to their positions in PECO. Western Wealth Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the first quarter worth $29,000. Flagship Harbor Advisors LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $31,000. 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 worth $37,000 after purchasing an additional 1,036 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings 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 purchasing an additional 376 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 418.1% during the third quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after purchasing an additional 903 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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