Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Consensus Rating of “Hold” by Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $42.2857.

A number of equities research analysts have issued reports on PECO shares. UBS Group raised their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Wells Fargo & Company raised their price target on shares of 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. Morgan Stanley raised their price target on shares of 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. Weiss Ratings lowered shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Barclays raised their target price on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position 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 worth $258,169,000 after purchasing an additional 166,108 shares during the period. Wellington Management Group LLP lifted its position in shares of Phillips Edison & Company, Inc. by 5.4% in the 4th quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock worth $224,377,000 after purchasing an additional 325,215 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Phillips Edison & Company, Inc. by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock valued at $82,624,000 after acquiring an additional 86,749 shares during the period. Norges Bank purchased a new position in Phillips Edison & Company, Inc. during the 4th quarter valued at about $70,850,000. Finally, Dimensional Fund Advisors LP lifted its position in Phillips Edison & Company, Inc. by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company’s stock valued at $71,068,000 after acquiring an additional 74,274 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Stock Performance

PECO stock opened at $41.59 on Wednesday. The firm has a market cap of $5.23 billion, a P/E ratio of 45.21, a P/E/G ratio of 2.21 and a beta of 0.53. Phillips Edison & Company, Inc. has a 52 week low of $32.84 and a 52 week high of $42.26. The firm’s fifty day moving average is $39.76 and its 200 day moving average is $37.76.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly 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). The firm had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.Phillips Edison & Company, Inc.’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. As a group, analysts forecast that Phillips Edison & Company, Inc. will post 2.76 EPS for the current 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 given a $0.1083 dividend. 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 (DPR) is currently 141.30%.

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.