Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $39.43 Average Price Target from Brokerages

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been given an average rating of “Hold” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $39.4286.

A number of brokerages recently weighed in on PECO. Barclays cut their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Morgan Stanley increased their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Wells Fargo & Company lifted their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. UBS Group boosted their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th.

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

Several hedge funds and other institutional investors have recently made changes to their positions in PECO. Royal Bank of Canada boosted its stake in Phillips Edison & Company, Inc. by 12.8% during the 1st quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock valued at $2,982,000 after purchasing an additional 9,250 shares during the period. AQR Capital Management LLC increased its position in Phillips Edison & Company, Inc. by 8.2% in the 1st quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock worth $405,000 after buying an additional 845 shares during the period. Integrated Wealth Concepts LLC bought a new position in Phillips Edison & Company, Inc. in the 1st quarter worth approximately $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Phillips Edison & Company, Inc. by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock worth $2,668,000 after buying an additional 3,199 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 6.2% during the second quarter. Hsbc Holdings PLC now owns 122,489 shares of the company’s stock worth $4,286,000 after buying an additional 7,119 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $37.53 on Friday. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 42.17, a PEG ratio of 0.96 and a beta of 0.53. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.06. The company’s fifty day moving average price is $37.78 and its two-hundred day moving average price is $35.87.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.28). The company had revenue of $187.86 million for the quarter, compared to the consensus estimate of $183.18 million. Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. Phillips Edison & Company, Inc.’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be given a dividend of $0.1083 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. Phillips Edison & Company, Inc.’s payout ratio is currently 146.07%.

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.