Phillips Edison & Company, Inc. (NASDAQ:PECO) Coverage Initiated at Evercore ISI

Equities research analysts at Evercore ISI initiated coverage on shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $41.00 price target on the stock. Evercore ISI’s price objective indicates a potential upside of 17.04% from the stock’s previous close.

A number of other brokerages have also commented on PECO. Morgan Stanley lifted their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. KeyCorp restated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. UBS Group upped their price target on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a report on Wednesday, October 8th. Finally, Barclays restated a “positive” rating and set a $41.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and an average price target of $38.86.

Phillips Edison & Company, Inc. Stock Up 0.4%

NASDAQ:PECO opened at $35.03 on Thursday. The company’s 50 day moving average is $35.17 and its 200-day moving average is $34.73. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $37.76. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 53.08, a P/E/G ratio of 1.37 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.44). Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The business had revenue of $182.67 million for the quarter, compared to analyst estimates of $177.19 million. During the same quarter last year, the firm earned $0.62 earnings per share. The firm’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.

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

Several large investors have recently bought and sold shares of the company. Lazard Asset Management LLC increased its holdings in Phillips Edison & Company, Inc. by 1.0% in the second quarter. Lazard Asset Management LLC now owns 30,876 shares of the company’s stock worth $1,081,000 after purchasing an additional 314 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Phillips Edison & Company, Inc. by 1.0% during the second quarter. Maryland State Retirement & Pension System now owns 36,853 shares of the company’s stock worth $1,291,000 after acquiring an additional 371 shares in the last quarter. CWM LLC increased its stake in Phillips Edison & Company, Inc. by 2.0% in the second quarter. CWM LLC now owns 19,777 shares of the company’s stock valued at $693,000 after purchasing an additional 385 shares in the last quarter. A&I Financial Services LLC increased its stake in Phillips Edison & Company, Inc. by 3.9% in the 2nd quarter. A&I Financial Services LLC now owns 11,419 shares of the company’s stock valued at $400,000 after buying an additional 433 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in Phillips Edison & Company, Inc. by 7.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 6,787 shares of the company’s stock valued at $233,000 after buying an additional 460 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

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.