Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $41.49 and last traded at $41.6850, with a volume of 57334 shares traded. The stock had previously closed at $40.48.
Analyst Ratings Changes
A number of research firms recently issued reports on PECO. UBS Group boosted their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Morgan Stanley increased their price target on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Wells Fargo & Company raised their price objective on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Barclays raised their price objective on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Evercore restated an “outperform” rating and issued a $43.00 target price on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.43.
Check Out Our Latest Stock Report on Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. Stock Performance
Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $190.74 million for the quarter, compared to analysts’ expectations of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current fiscal year.
Phillips Edison & Company, Inc. Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be given a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 141.30%.
Institutional Investors Weigh In On Phillips Edison & Company, Inc.
A number of hedge funds and other institutional investors have recently modified their holdings of PECO. NewEdge Advisors LLC increased its stake in Phillips Edison & Company, Inc. by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 57,636 shares of the company’s stock worth $2,157,000 after purchasing an additional 1,791 shares during the period. Western Wealth Management LLC bought a new position in Phillips Edison & Company, Inc. during the 1st quarter valued at approximately $29,000. Arkadios Wealth Advisors increased its stake in shares of Phillips Edison & Company, Inc. by 6.4% during the first quarter. Arkadios Wealth Advisors now owns 74,203 shares of the company’s stock valued at $2,777,000 after buying an additional 4,432 shares during the period. Amundi lifted its stake in Phillips Edison & Company, Inc. by 12.0% in the first quarter. Amundi now owns 93,525 shares of the company’s stock worth $3,500,000 after acquiring an additional 10,010 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Phillips Edison & Company, Inc. by 53.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,242 shares of the company’s stock valued at $121,000 after purchasing an additional 1,130 shares during the period. Institutional investors own 80.70% of the company’s stock.
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.
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