Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Has Consensus Target Price of $43.44

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) have earned a consensus rating of “Hold” from the ten analysts that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.44.

Several analysts have recently commented on PECO shares. Griffin Securities set a $44.00 target price on Phillips Edison & Company, Inc. in a report on Monday. LADENBURG THALM/SH SH lifted their price target on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Barclays upped their price target on shares of Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. JPMorgan Chase & Co. increased their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Evercore restated an “outperform” rating on shares of Phillips Edison & Company, Inc. in a research report on Monday.

Read Our Latest Stock Analysis on PECO

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PECO. Waverly Advisors LLC lifted its stake in Phillips Edison & Company, Inc. by 0.8% in the first quarter. Waverly Advisors LLC now owns 35,466 shares of the company’s stock valued at $1,327,000 after acquiring an additional 269 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Phillips Edison & Company, Inc. by 2.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,205 shares of the company’s stock worth $466,000 after purchasing an additional 281 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Phillips Edison & Company, Inc. by 5.9% during the 2nd quarter. GAMMA Investing LLC now owns 5,245 shares of the company’s stock worth $218,000 after purchasing an additional 292 shares during the last quarter. CX Institutional raised its holdings in shares of Phillips Edison & Company, Inc. by 115.5% in the 2nd quarter. CX Institutional now owns 724 shares of the company’s stock valued at $30,000 after purchasing an additional 388 shares during the period. Finally, Earned Wealth Advisors LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 1.0% in the 1st quarter. Earned Wealth Advisors LLC now owns 43,172 shares of the company’s stock valued at $1,615,000 after purchasing an additional 420 shares during the period. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock opened at $37.12 on Friday. The stock has a market cap of $4.78 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. Phillips Edison & Company, Inc. has a one year low of $32.98 and a one year high of $44.38. The stock has a fifty day moving average price of $40.07 and a 200 day moving average price of $39.89.

Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The company had revenue of $189.62 million for the quarter, compared to the consensus estimate of $187.46 million. During the same quarter last year, the business earned $0.64 EPS. Phillips Edison & Company, Inc.’s quarterly revenue was up 6.7% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.77 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a $0.1150 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, November 16th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 120.00%.

Phillips Edison & Company, Inc. Company Profile

(Get Free Report)

Phillips Edison & Company, Inc is a self-managed real estate investment trust that owns, operates and develops grocery-anchored shopping centers in the United States. Its properties are generally located in established communities and are designed to provide essential goods and services to local consumers.

The company’s portfolio includes neighborhood and community shopping centers anchored by supermarkets, along with complementary tenants such as restaurants, health and wellness providers, personal services and other retailers.

See Also

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

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