Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $38.86 Consensus PT from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has earned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $38.8571.

Several equities analysts have recently weighed in on PECO shares. UBS Group upped their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Evercore ISI assumed coverage on Phillips Edison & Company, Inc. in a research report on Thursday, January 15th. They issued an “outperform” rating and a $41.00 target price for the company. Morgan Stanley upped their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Barclays restated a “positive” rating and set a $41.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Tuesday, January 13th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PECO. Assetmark Inc. bought a new stake in Phillips Edison & Company, Inc. in the 2nd quarter worth about $28,000. Jones Financial Companies Lllp boosted its stake in shares of Phillips Edison & Company, Inc. by 2,590.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock worth $37,000 after buying an additional 1,036 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 418.1% in the third quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock valued at $38,000 after acquiring an additional 903 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Phillips Edison & Company, Inc. during the third quarter valued at approximately $43,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Phillips Edison & Company, Inc. by 6,850.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,529 shares of the company’s stock valued at $52,000 after acquiring an additional 1,507 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock opened at $35.71 on Friday. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 54.11, a PEG ratio of 1.41 and a beta of 0.53. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $37.76. The stock’s 50 day moving average price is $35.24 and its two-hundred day moving average price is $34.74.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.44). The company had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.14%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, February 17th. Phillips Edison & Company, Inc.’s payout ratio is 196.97%.

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.