Morgan Stanley Increases Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target to $42.00

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price objective lifted by research analysts at Morgan Stanley from $38.00 to $42.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential downside of 0.32% from the company’s current price.

PECO has been the topic of a number of other reports. LADENBURG THALM/SH SH raised 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. Weiss Ratings downgraded shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Barclays boosted 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. UBS Group boosted their price target on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Evercore reiterated an “outperform” rating and issued a $44.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.43.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $42.13 on Friday. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $42.70. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52. The stock’s 50-day simple moving average is $40.75 and its 200 day simple moving average is $38.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.43). The firm 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%. Phillips Edison & Company, Inc.’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current fiscal year.

Institutional Trading of Phillips Edison & Company, Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its stake in shares of Phillips Edison & Company, Inc. by 2.3% in the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after acquiring an additional 166,108 shares during the last quarter. Wellington Management Group LLP boosted its stake in Phillips Edison & Company, Inc. by 5.4% during the 4th quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock valued at $224,377,000 after purchasing an additional 325,215 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock worth $82,624,000 after purchasing an additional 86,749 shares in the last quarter. Norges Bank purchased a new position in shares of Phillips Edison & Company, Inc. in the fourth quarter worth $70,850,000. Finally, Dimensional Fund Advisors LP lifted its stake in Phillips Edison & Company, Inc. by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company’s stock valued at $71,068,000 after acquiring an additional 74,274 shares during the period. 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.