Phillips Edison & Company, Inc. (NASDAQ:PECO) Hits New 52-Week High – Here’s What Happened

Phillips Edison & Company, Inc. (NASDAQ:PECO) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.29 and last traded at $42.2040, with a volume of 261572 shares trading hands. The stock had previously closed at $41.79.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PECO. UBS Group raised their price target on Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Barclays boosted 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 research report on Tuesday, May 12th. 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. LADENBURG THALM/SH SH lifted their target price on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, Morgan Stanley boosted their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. 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, the company currently has an average rating of “Hold” and an average price target of $42.29.

Phillips Edison & Company, Inc. Stock Performance

The stock’s 50-day moving average price is $40.20 and its two-hundred day moving average price is $38.07. The stock has a market capitalization of $5.31 billion, a PE ratio of 45.88, a P/E/G ratio of 2.24 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). The business had revenue of $190.74 million for the quarter, compared to analysts’ expectations of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last 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. On average, analysts predict that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced 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. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 141.30%.

Institutional Trading of Phillips Edison & Company, Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC purchased a new position in Phillips Edison & Company, Inc. during the first quarter valued at $241,000. NewEdge Advisors LLC grew its stake in shares of Phillips Edison & Company, Inc. by 3.2% in the first quarter. NewEdge Advisors LLC now owns 57,636 shares of the company’s stock worth $2,157,000 after acquiring an additional 1,791 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the first quarter worth $29,000. Arkadios Wealth Advisors grew its stake in shares of Phillips Edison & Company, Inc. by 6.4% in the first quarter. Arkadios Wealth Advisors now owns 74,203 shares of the company’s stock worth $2,777,000 after acquiring an additional 4,432 shares during the last quarter. Finally, Amundi increased its holdings in shares of Phillips Edison & Company, Inc. by 12.0% during the first quarter. Amundi now owns 93,525 shares of the company’s stock valued at $3,500,000 after acquiring an additional 10,010 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

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.