Phillips Edison & Company, Inc. (NASDAQ:PECO) Updates FY 2025 Earnings Guidance

Phillips Edison & Company, Inc. (NASDAQ:PECO) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.620-0.650 for the period, compared to the consensus earnings per share estimate of 1.340. The company issued revenue guidance of -.

Phillips Edison & Company, Inc. Stock Up 0.7%

NASDAQ:PECO opened at $34.66 on Friday. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.12. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 52.52, a P/E/G ratio of 1.59 and a beta of 0.54. The company’s 50 day moving average is $34.61 and its 200-day moving average is $34.85.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.13%. The company had revenue of $178.29 million for the quarter, compared to analyst estimates of $177.19 million. During the same quarter last year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. 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 business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 4th. Stockholders of record on Wednesday, October 15th will be paid a $0.1083 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 236.36%.

Analyst Ratings Changes

PECO has been the topic of several research analyst reports. UBS Group initiated coverage on shares of Phillips Edison & Company, Inc. in a research note on Friday, October 17th. They issued a “neutral” rating and a $37.00 price objective on the stock. Mizuho lowered their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, July 17th. Wells Fargo & Company initiated coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday. They issued an “equal weight” rating and a $36.00 price objective on the stock. LADENBURG THALM/SH SH initiated coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.86.

Institutional Trading of Phillips Edison & Company, Inc.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of Phillips Edison & Company, Inc. by 49.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock worth $91,000 after buying an additional 865 shares during the period. State of Wyoming acquired a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth about $110,000. Diversify Advisory Services LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth about $200,000. Integrated Wealth Concepts LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 1st quarter worth about $333,000. Finally, AQR Capital Management LLC grew its position in shares of Phillips Edison & Company, Inc. by 8.2% during the 1st quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock worth $405,000 after buying an additional 845 shares during the period. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.