Phillips Edison & Company, Inc. (NASDAQ:PECO) Hits New 1-Year High – What’s Next?

Phillips Edison & Company, Inc. (NASDAQ:PECO) hit 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 changing hands. The stock had previously closed at $41.79.

Analysts Set New Price Targets

PECO has been the topic of a number of recent research reports. Barclays raised their price objective on 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 restated an “outperform” rating and issued a $43.00 price target on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 16th. UBS Group boosted their price objective on shares of 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. Finally, LADENBURG THALM/SH SH boosted their price target on 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. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Hold” and an average price target of $42.29.

Phillips Edison & Company, Inc. Trading Up 0.8%

The firm has a market cap of $5.30 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 2.19 and a beta of 0.53. The company has a 50-day simple moving average of $40.05 and a 200 day simple moving average of $37.96.

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 return on equity of 4.46% and a net margin of 15.61%.The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, equities analysts expect that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business 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 payout ratio is currently 141.30%.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of PECO. Waverly Advisors LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 0.8% in the 1st quarter. Waverly Advisors LLC now owns 35,466 shares of the company’s stock valued at $1,327,000 after purchasing an additional 269 shares during the last quarter. 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 worth $392,000 after purchasing an additional 276 shares during the last quarter. Allworth Financial LP raised its holdings in Phillips Edison & Company, Inc. by 4.1% in the 4th quarter. Allworth Financial LP now owns 7,846 shares of the company’s stock valued at $279,000 after buying an additional 306 shares during the period. Lazard Asset Management LLC lifted its position in Phillips Edison & Company, Inc. by 1.0% in the second quarter. Lazard Asset Management LLC now owns 30,876 shares of the company’s stock valued at $1,081,000 after buying an additional 314 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its position in Phillips Edison & Company, Inc. by 2.9% in the fourth quarter. Kovack Advisors Inc. now owns 11,474 shares of the company’s stock valued at $408,000 after buying an additional 327 shares during 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.