Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Average Rating of “Hold” from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been assigned a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $39.4286.

A number of equities analysts have commented on PECO shares. Barclays dropped their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. KeyCorp reissued a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. Morgan Stanley raised their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Finally, UBS Group upped their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th.

Phillips Edison & Company, Inc. Trading Up 0.8%

NASDAQ:PECO opened at $37.53 on Friday. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.06. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 0.95 and a beta of 0.53. The stock has a fifty day simple moving average of $37.74 and a 200-day simple moving average of $35.84.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). The company had revenue of $187.86 million during the quarter, compared to the consensus estimate of $183.18 million. Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be issued a $0.1083 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, May 15th. Phillips Edison & Company, Inc.’s payout ratio is presently 146.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PECO. State Street Corp raised its holdings in shares of 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 valued at $258,169,000 after purchasing an additional 166,108 shares in the last quarter. Wellington Management Group LLP increased its holdings in 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 buying an additional 325,215 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Phillips Edison & Company, Inc. by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock worth $82,624,000 after buying an additional 86,749 shares in the last quarter. Norges Bank bought a new position in Phillips Edison & Company, Inc. in the fourth quarter worth approximately $70,850,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Phillips Edison & Company, Inc. by 191.9% during the third quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after buying an additional 1,229,186 shares during the period. 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.