Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Price Expected to Rise, Barclays Analyst Says

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price objective hoisted by equities research analysts at Barclays from $38.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 14.94% from the stock’s current price.

A number of other research firms also recently issued reports on PECO. Wells Fargo & Company assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 target price for the company. LADENBURG THALM/SH SH assumed coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They set a “buy” rating and a $40.00 price objective for the company. Wall Street Zen upgraded Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Finally, UBS Group began coverage on shares of Phillips Edison & Company, Inc. in a report on Friday, October 17th. They issued a “neutral” rating and a $37.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.33.

Phillips Edison & Company, Inc. Stock Up 1.5%

Shares of PECO traded up $0.53 on Tuesday, hitting $34.80. 261,717 shares of the stock traded hands, compared to its average volume of 826,651. The firm has a market capitalization of $4.38 billion, a P/E ratio of 52.75, a P/E/G ratio of 1.49 and a beta of 0.53. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12. The stock’s 50 day moving average is $34.45 and its two-hundred day moving average is $34.76.

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

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,051 shares of the company’s stock valued at $79,331,000 after acquiring an additional 28,534 shares during the period. Voya Investment Management LLC raised its position in Phillips Edison & Company, Inc. by 58.8% in the first quarter. Voya Investment Management LLC now owns 104,439 shares of the company’s stock valued at $3,811,000 after purchasing an additional 38,675 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Phillips Edison & Company, Inc. by 30.0% during the first quarter. Public Sector Pension Investment Board now owns 396,982 shares of the company’s stock worth $14,486,000 after purchasing an additional 91,523 shares during the last quarter. Vanguard Group Inc. boosted its position in Phillips Edison & Company, Inc. by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company’s stock worth $719,590,000 after buying an additional 397,862 shares during the period. Finally, LPL Financial LLC increased its position in Phillips Edison & Company, Inc. by 4.7% in the 1st quarter. LPL Financial LLC now owns 388,084 shares of the company’s stock valued at $14,161,000 after acquiring an additional 17,448 shares during the period. 80.70% of the stock is owned by institutional investors.

About Phillips Edison & Company, Inc.

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.