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

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have earned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $42.2857.

PECO has been the subject of a number of recent analyst reports. Evercore reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Monday, April 27th. UBS Group increased 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. Barclays increased their target price on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Wells Fargo & Company increased their target price on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings downgraded shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th.

Institutional Trading of Phillips Edison & Company, Inc.

Several institutional investors and hedge funds have recently bought and sold shares of PECO. Norges Bank bought a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth $70,850,000. Balyasny Asset Management L.P. increased its holdings in shares of Phillips Edison & Company, Inc. by 191.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after buying an additional 1,229,186 shares during the last quarter. M&T Bank Corp bought a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth $27,133,000. Alyeska Investment Group L.P. bought a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth $19,400,000. Finally, Verition Fund Management LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 2,343.2% in the 4th quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock worth $18,250,000 after buying an additional 492,076 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Up 0.3%

Shares of NASDAQ PECO opened at $41.59 on Wednesday. The firm’s 50-day moving average price is $39.76 and its 200-day moving average price is $37.76. Phillips Edison & Company, Inc. has a 1-year low of $32.84 and a 1-year high of $42.26. The firm has a market capitalization of $5.23 billion, a P/E ratio of 45.21, a P/E/G ratio of 2.21 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.43). The business had revenue of $190.74 million for 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 company’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 141.30%.

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.