Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $43.43 Average PT from Brokerages

Phillips Edison & Company, Inc. (NASDAQ:PECO) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $43.4286.

PECO has been the topic of several research reports. UBS Group increased their target price on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Evercore reiterated an “outperform” rating and set a $44.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th. Barclays increased their price target on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Morgan Stanley raised 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, July 10th. Finally, LADENBURG THALM/SH SH lifted their price objective on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, June 16th.

Phillips Edison & Company, Inc. Stock Up 0.6%

Shares of NASDAQ PECO opened at $44.01 on Friday. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 2.34 and a beta of 0.52. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $44.38. The business’s 50 day moving average is $41.08 and its two-hundred day moving average is $38.81.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The firm had revenue of $190.74 million for the quarter, compared to analyst estimates of $184.91 million. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be given a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 141.30%.

Institutional Trading of Phillips Edison & Company, Inc.

Several hedge funds have recently modified their holdings of the stock. Waverly Advisors LLC lifted its position in Phillips Edison & Company, Inc. by 0.8% in the first quarter. Waverly Advisors LLC now owns 35,466 shares of the company’s stock worth $1,327,000 after purchasing an additional 269 shares during the period. Blair William & Co. IL increased its position in shares of Phillips Edison & Company, Inc. by 2.6% during the 4th quarter. Blair William & Co. IL now owns 11,011 shares of the company’s stock valued at $392,000 after purchasing an additional 276 shares during the period. GAMMA Investing LLC increased its position in shares of Phillips Edison & Company, Inc. by 5.9% during the 2nd quarter. GAMMA Investing LLC now owns 5,245 shares of the company’s stock valued at $218,000 after purchasing an additional 292 shares during the period. Allworth Financial LP raised its stake in shares of Phillips Edison & Company, Inc. by 4.1% in the 4th quarter. Allworth Financial LP now owns 7,846 shares of the company’s stock worth $279,000 after buying an additional 306 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Phillips Edison & Company, Inc. by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 30,876 shares of the company’s stock worth $1,081,000 after buying an additional 314 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

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.