LADENBURG THALM/SH SH Issues Positive Forecast for Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Price

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price target boosted by investment analysts at LADENBURG THALM/SH SH from $44.00 to $46.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. LADENBURG THALM/SH SH’s price objective indicates a potential upside of 11.04% from the company’s current price.

PECO has been the subject of a number of other research reports. Weiss Ratings cut Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their target price on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Evercore reiterated an “outperform” rating and set a $43.00 target price on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. Morgan Stanley boosted their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Finally, UBS Group boosted their target price on Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.29.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO traded down $0.05 during trading on Tuesday, reaching $41.43. 778,017 shares of the stock were exchanged, compared to its average volume of 909,839. Phillips Edison & Company, Inc. has a 12-month low of $32.84 and a 12-month high of $42.26. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 45.01, a price-to-earnings-growth ratio of 2.24 and a beta of 0.53. The firm’s 50-day moving average price is $39.68 and its 200 day moving average price is $37.72.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The firm had revenue of $190.74 million for the quarter, compared to analysts’ expectations of $184.91 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. As a group, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter valued at approximately $241,000. NewEdge Advisors LLC raised its position in shares of Phillips Edison & Company, Inc. by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 57,636 shares of the company’s stock valued at $2,157,000 after purchasing an additional 1,791 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter valued at approximately $29,000. Arkadios Wealth Advisors raised its position in shares of Phillips Edison & Company, Inc. by 6.4% in the 1st quarter. Arkadios Wealth Advisors now owns 74,203 shares of the company’s stock valued at $2,777,000 after purchasing an additional 4,432 shares in the last quarter. Finally, Amundi raised its position in shares of Phillips Edison & Company, Inc. by 12.0% in the 1st quarter. Amundi now owns 93,525 shares of the company’s stock valued at $3,500,000 after purchasing an additional 10,010 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

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.