Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Rating Upgraded by Wells Fargo & Company

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Free Report) was upgraded by investment analysts at Wells Fargo & Company to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. UBS Group upped their price target 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. Barclays lifted their price objective on 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. Morgan Stanley increased their target price on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Finally, LADENBURG THALM/SH SH raised their target price on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $44.14.

Check Out Our Latest Stock Report on PECO

Phillips Edison & Company, Inc. Trading Up 2.0%

Shares of NASDAQ:PECO opened at $43.53 on Thursday. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.27 and a beta of 0.52. Phillips Edison & Company, Inc. has a 12-month low of $32.84 and a 12-month high of $44.38. The business has a 50-day moving average price of $41.46 and a 200 day moving average price of $39.08.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Free Report) last posted its earnings results 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 during the quarter, compared to analyst estimates of $187.46 million. Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.56%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its stake 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 purchasing an additional 3,400 shares in the last quarter. GAMMA Investing LLC raised its position in Phillips Edison & Company, Inc. by 5.9% in the 2nd quarter. GAMMA Investing LLC now owns 5,245 shares of the company’s stock valued at $218,000 after purchasing an additional 292 shares in the last quarter. CX Institutional raised its position in Phillips Edison & Company, Inc. by 115.5% in the 2nd quarter. CX Institutional now owns 724 shares of the company’s stock valued at $30,000 after purchasing an additional 388 shares in the last quarter. Pensionfund PDN boosted its stake in shares of Phillips Edison & Company, Inc. by 59.4% in the 2nd quarter. Pensionfund PDN now owns 25,500 shares of the company’s stock valued at $1,061,000 after buying an additional 9,500 shares during the period. Finally, Pensionfund Sabic boosted its stake in shares of Phillips Edison & Company, Inc. by 56.2% in the 2nd quarter. Pensionfund Sabic now owns 12,500 shares of the company’s stock valued at $520,000 after buying an additional 4,500 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

More Phillips Edison & Company, Inc. News

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About Phillips Edison & Company, Inc.

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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