Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Average Recommendation of “Hold” by Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $38.8571.

A number of equities analysts have commented on the company. Wall Street Zen upgraded Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company began coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 target price for the company. Morgan Stanley lifted their price target on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. Finally, Barclays reiterated a “positive” rating and issued a $41.00 target price on shares of Phillips Edison & Company, Inc. in a research report on Tuesday.

Institutional Trading of Phillips Edison & Company, Inc.

Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth $28,000. Jones Financial Companies Lllp boosted its holdings in shares of Phillips Edison & Company, Inc. by 2,590.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after acquiring an additional 1,036 shares in the last quarter. Hantz Financial Services Inc. grew its position in Phillips Edison & Company, Inc. by 418.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after acquiring an additional 903 shares during the last quarter. Quantbot Technologies LP acquired a new position in Phillips Edison & Company, Inc. in the 3rd quarter worth about $43,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Phillips Edison & Company, Inc. by 6,850.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,529 shares of the company’s stock worth $52,000 after purchasing an additional 1,507 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ:PECO opened at $35.80 on Friday. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $37.76. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 54.24, a P/E/G ratio of 1.41 and a beta of 0.53. The firm’s 50-day simple moving average is $35.20 and its 200 day simple moving average is $34.73.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.20 earnings per share (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 the consensus estimate of $177.19 million. During the same period in the prior year, the firm earned $0.62 EPS. The business’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. Sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.1083 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 3.6%. Phillips Edison & Company, Inc.’s payout ratio is 196.97%.

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.