Phillips Edison & Company, Inc. (NASDAQ:PECO) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI began coverage on shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in a report published on Thursday morning, Marketbeat.com reports. The firm issued an outperform rating and a $41.00 target price on the stock.

A number of other equities research analysts also recently commented on the stock. Wall Street Zen raised shares of Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Wells Fargo & Company started coverage on Phillips Edison & Company, Inc. in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 price target on the stock. UBS Group upped their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.86.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO opened at $35.80 on Thursday. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $37.76. The stock has a 50-day moving average of $35.20 and a 200 day moving average of $34.73. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 54.24, a PEG ratio of 1.41 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.44). Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.14%. The company had revenue of $182.67 million for the quarter, compared to the consensus estimate of $177.19 million. During the same quarter in the prior year, the company posted $0.62 EPS. Phillips Edison & Company, Inc.’s revenue was up 10.4% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, equities analysts predict that Phillips Edison & Company, Inc. will post 2.55 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, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.1083 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 3.6%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 196.97%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in Phillips Edison & Company, Inc. by 2.3% during the 2nd quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after acquiring an additional 166,108 shares during the period. Geode Capital Management LLC increased its stake in shares of Phillips Edison & Company, Inc. by 2.0% in the second quarter. Geode Capital Management LLC now owns 3,395,070 shares of the company’s stock worth $118,942,000 after purchasing an additional 65,782 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Phillips Edison & Company, Inc. by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock valued at $77,387,000 after purchasing an additional 35,107 shares during the period. 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 valued at $64,184,000 after buying an additional 1,229,186 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Phillips Edison & Company, Inc. by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,759,226 shares of the company’s stock worth $60,394,000 after buying an additional 42,819 shares during the period. 80.70% of the stock is currently owned by 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.