Phillips Edison & Company, Inc. (NASDAQ:PECO) Sets New 52-Week High – What’s Next?

Phillips Edison & Company, Inc. (NASDAQ:PECO)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $41.49 and last traded at $41.6850, with a volume of 57334 shares changing hands. The stock had previously closed at $40.48.

Analyst Upgrades and Downgrades

PECO has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. UBS Group upped their target price on Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Wells Fargo & Company increased their price target on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Barclays increased their price target on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Evercore reaffirmed an “outperform” rating and issued a $43.00 target price on shares of Phillips Edison & Company, Inc. in a research report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.43.

Phillips Edison & Company, Inc. Stock Up 3.4%

The firm has a 50 day moving average price of $39.24 and a two-hundred day moving average price of $37.48. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 45.49, a P/E/G ratio of 2.15 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share 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 analyst estimates of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Analysts predict that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

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

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

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its position in Phillips Edison & Company, Inc. by 2.3% in the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after purchasing an additional 166,108 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Phillips Edison & Company, Inc. by 5.4% during the fourth quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock worth $224,377,000 after buying an additional 325,215 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock worth $82,624,000 after buying an additional 86,749 shares in the last quarter. Norges Bank acquired a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth approximately $70,850,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Phillips Edison & Company, Inc. by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company’s stock worth $71,068,000 after buying an additional 74,274 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

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.