Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received a consensus rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.4286.

Several equities research analysts have recently weighed in on PECO shares. Evercore reiterated an “outperform” rating and set a $44.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, July 7th. Barclays boosted 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 report on Tuesday, May 12th. UBS Group increased their price target on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday. Wells Fargo & Company lifted their target price on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley lifted their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday.

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

Several institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new position in shares of Phillips Edison & Company, Inc. during the first quarter valued at approximately $29,000. CX Institutional lifted its stake in Phillips Edison & Company, Inc. by 115.5% during the 2nd quarter. CX Institutional now owns 724 shares of the company’s stock valued at $30,000 after acquiring an additional 388 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Phillips Edison & Company, Inc. during the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd boosted its holdings in Phillips Edison & Company, Inc. by 55.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after acquiring an additional 376 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Phillips Edison & Company, Inc. by 143.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $41,000 after acquiring an additional 672 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Down 0.3%

PECO stock traded down $0.13 during trading on Friday, hitting $41.87. The company had a trading volume of 560,230 shares, compared to its average volume of 1,178,774. The stock has a market cap of $5.27 billion, a PE ratio of 45.51, a PEG ratio of 2.23 and a beta of 0.52. The business has a 50-day moving average of $40.79 and a 200-day moving average of $38.56. Phillips Edison & Company, Inc. has a one year low of $32.84 and a one year high of $42.70.

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

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be paid a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s 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.