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

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price target lifted by research analysts at Wells Fargo & Company from $36.00 to $40.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 8.67% from the company’s previous close.

PECO has been the topic of a number of other research reports. KeyCorp restated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. Evercore set a $42.00 price target on shares of Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research report on Friday, February 6th. Morgan Stanley raised their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Mizuho set a $39.00 target price on shares of Phillips Edison & Company, Inc. in a research note on Friday, January 9th. Finally, Barclays dropped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Hold” and a consensus target price of $39.43.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO opened at $36.81 on Thursday. The business’s fifty day moving average is $37.43 and its 200 day moving average is $35.76. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.06. The company has a market capitalization of $4.63 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 0.96 and a beta of 0.51.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The company had revenue of $187.86 million during the quarter, compared to the consensus estimate of $183.18 million. During the same period last year, the business earned $0.62 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. On average, sell-side 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.

Institutional investors and hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $31,000. Jones Financial Companies Lllp boosted its stake in Phillips Edison & Company, Inc. by 2,590.0% during the third quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock worth $37,000 after buying an additional 1,036 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in Phillips Edison & Company, Inc. by 55.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after buying an additional 376 shares during the period. Hantz Financial Services Inc. boosted its stake in Phillips Edison & Company, Inc. by 418.1% during the third quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after buying an additional 903 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Phillips Edison & Company, Inc. by 143.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after acquiring an additional 672 shares during the last quarter. 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.