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

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $41.00 to $46.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.91% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Evercore reissued an “outperform” rating and issued a $44.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, July 7th. UBS Group lifted their target price on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. LADENBURG THALM/SH SH boosted their price target on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, Griffin Securities set a $47.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $44.67.

Phillips Edison & Company, Inc. Trading Down 0.8%

Shares of PECO traded down $0.35 during trading hours on Tuesday, reaching $41.85. The stock had a trading volume of 259,707 shares, compared to its average volume of 949,086. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $44.38. The firm has a 50-day simple moving average of $41.76 and a 200 day simple moving average of $39.43. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 36.41, a P/E/G ratio of 2.21 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The company had revenue of $189.62 million for the quarter, compared to the consensus estimate of $187.46 million. Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Institutional Trading of Phillips Edison & Company, Inc.

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Phillips Edison & Company, Inc. by 2.3% in the 2nd 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 raised its stake in shares of Phillips Edison & Company, Inc. by 5.4% during the fourth quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock valued at $224,377,000 after acquiring an additional 325,215 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Phillips Edison & Company, Inc. by 3.9% during the fourth 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 during the period. Norges Bank bought a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter worth about $70,850,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Phillips Edison & Company, Inc. by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company’s stock worth $71,068,000 after purchasing an additional 74,274 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

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.