Phillips Edison & Company, Inc. (NASDAQ:PECO) Reaches New 52-Week High – Still a Buy?

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) hit a new 52-week high during trading on Tuesday . The company traded as high as $40.76 and last traded at $40.57, with a volume of 60447 shares trading hands. The stock had previously closed at $40.30.

Analyst Ratings Changes

A number of brokerages recently commented on PECO. Evercore restated an “outperform” rating and set a $43.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Monday, April 27th. UBS Group upped their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Wells Fargo & Company upped their price target on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, May 12th. Finally, Barclays upped their price target on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of “Hold” and an average price target of $41.43.

Phillips Edison & Company, Inc. Stock Performance

The company’s 50 day simple moving average is $38.71 and its 200-day simple moving average is $37.11. The firm has a market capitalization of $5.13 billion, a PE ratio of 44.36, a PEG ratio of 2.15 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). The company had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.Phillips Edison & Company, Inc.’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Wednesday, July 15th will be issued a $0.1083 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 141.30%.

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

A number of institutional investors have recently made changes to their positions in the stock. Waverly Advisors LLC increased its holdings 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 worth $1,327,000 after buying an additional 269 shares during the last quarter. Blair William & Co. IL grew its holdings 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 valued at $392,000 after purchasing an additional 276 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Phillips Edison & Company, Inc. by 4.1% during the 4th quarter. Allworth Financial LP now owns 7,846 shares of the company’s stock valued at $279,000 after purchasing an additional 306 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 30,876 shares of the company’s stock valued at $1,081,000 after purchasing an additional 314 shares during the last quarter. Finally, Kovack Advisors Inc. grew its holdings in shares of Phillips Edison & Company, Inc. by 2.9% during the 4th quarter. Kovack Advisors Inc. now owns 11,474 shares of the company’s stock valued at $408,000 after purchasing an additional 327 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

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.