Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $41.14 Average PT from Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $41.4286.

Several research firms have recently issued reports on PECO. UBS Group upped their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Barclays upped 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 report on Tuesday, May 12th. Evercore restated an “outperform” rating and set a $43.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. Morgan Stanley upped their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company upped their price objective on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday.

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

Several hedge funds have recently modified their holdings of PECO. Western Wealth Management LLC acquired a new position in Phillips Edison & Company, Inc. in the 1st quarter worth approximately $29,000. Flagship Harbor Advisors LLC acquired a new position in Phillips Edison & Company, Inc. in the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd increased its holdings in Phillips Edison & Company, Inc. by 55.5% in the 4th 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 increased its holdings in Phillips Edison & Company, Inc. by 2,590.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock worth $37,000 after buying an additional 1,036 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in 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 worth $38,000 after buying an additional 903 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of Phillips Edison & Company, Inc. stock opened at $40.85 on Friday. The company has a market capitalization of $5.14 billion, a PE ratio of 44.40, a P/E/G ratio of 2.18 and a beta of 0.54. The company has a 50-day simple moving average of $38.82 and a two-hundred day simple moving average of $37.20. Phillips Edison & Company, Inc. has a one year low of $32.84 and a one year high of $40.94.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced 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). The firm had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 predict 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. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.1083 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.2%. Phillips Edison & Company, Inc.’s dividend payout ratio is 141.30%.

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.