Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target Raised to $42.00 at Morgan Stanley

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price target upped by Morgan Stanley from $38.00 to $42.00 in a research note released on Friday morning, MarketBeat reports. The brokerage currently has an equal weight rating on the stock.

A number of other research analysts have also commented on PECO. Barclays raised their price objective 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. Wells Fargo & Company upped their target price on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Evercore reaffirmed an “outperform” rating and set a $44.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Tuesday. UBS Group lifted their price target on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings downgraded Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of “Hold” and an average price target of $43.43.

Phillips Edison & Company, Inc. Stock Down 0.3%

Shares of NASDAQ PECO opened at $41.87 on Friday. The stock has a market cap of $5.27 billion, a P/E ratio of 45.51, a P/E/G ratio of 2.24 and a beta of 0.52. The firm’s 50-day simple moving average is $40.79 and its 200 day simple moving average is $38.56. Phillips Edison & Company, Inc. has a fifty-two week low of $32.84 and a fifty-two week high of $42.70.

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

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 141.30%.

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

A number of institutional investors have recently bought and sold shares of PECO. Handelsbanken Fonder AB raised its holdings in Phillips Edison & Company, Inc. by 9.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 38,200 shares of the company’s stock worth $1,590,000 after buying an additional 3,400 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 5.9% in the second quarter. GAMMA Investing LLC now owns 5,245 shares of the company’s stock worth $218,000 after buying an additional 292 shares during the period. CX Institutional boosted its holdings in shares of Phillips Edison & Company, Inc. by 115.5% in the second quarter. CX Institutional now owns 724 shares of the company’s stock worth $30,000 after buying an additional 388 shares during the period. Pensionfund PDN increased its position in shares of Phillips Edison & Company, Inc. by 59.4% in the second quarter. Pensionfund PDN now owns 25,500 shares of the company’s stock worth $1,061,000 after acquiring an additional 9,500 shares in the last quarter. Finally, Pensionfund Sabic raised its holdings in shares of Phillips Edison & Company, Inc. by 56.2% during the second quarter. Pensionfund Sabic now owns 12,500 shares of the company’s stock valued at $520,000 after acquiring an additional 4,500 shares during the period. Hedge funds and other 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.