Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have received a consensus rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $44.6667.

Several research analysts have commented on PECO shares. LADENBURG THALM/SH SH lifted their price objective on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Morgan Stanley upped their target price on 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. Barclays lifted their target price on 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. JPMorgan Chase & Co. raised their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their price objective on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at about $70,850,000. Balyasny Asset Management L.P. boosted its stake in Phillips Edison & Company, Inc. by 191.9% during the third quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after buying an additional 1,229,186 shares during the period. M&T Bank Corp acquired a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at about $27,133,000. Alyeska Investment Group L.P. acquired a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at about $19,400,000. Finally, Verition Fund Management LLC raised its stake in shares of Phillips Edison & Company, Inc. by 2,343.2% in the 4th quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock valued at $18,250,000 after acquiring an additional 492,076 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

PECO stock opened at $41.58 on Thursday. Phillips Edison & Company, Inc. has a one year low of $32.84 and a one year high of $44.38. The company’s fifty day moving average price is $41.80 and its 200-day moving average price is $39.52. The company has a market capitalization of $5.35 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.35). The firm had revenue of $189.62 million for the quarter, compared to analysts’ expectations of $187.46 million. Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, research analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 17th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 113.04%.

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.