Phillips Edison & Company, Inc. (NASDAQ:PECO) Hits New 12-Month High – Here’s Why

Phillips Edison & Company, Inc. (NASDAQ:PECO)’s share price hit a new 52-week high on Friday . The company traded as high as $38.93 and last traded at $38.72, with a volume of 190505 shares changing hands. The stock had previously closed at $38.36.

Wall Street Analyst Weigh In

PECO has been the subject of a number of research analyst reports. Evercore set a $42.00 price objective on shares of Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research report on Friday, February 6th. Wall Street Zen raised Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group raised their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. KeyCorp reissued a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. Finally, Morgan Stanley increased their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Phillips Edison & Company, Inc. Stock Performance

The firm’s 50-day moving average price is $36.22 and its 200 day moving average price is $35.14. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 1.00 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, February 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). The company had revenue of $187.86 million for the quarter, compared to the consensus estimate of $183.18 million. Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.Phillips Edison & Company, Inc.’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, equities 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 company also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 146.07%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its position in shares of Phillips Edison & Company, Inc. by 31.3% during the second quarter. Osaic Holdings Inc. now owns 270,642 shares of the company’s stock worth $9,521,000 after purchasing an additional 64,465 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Phillips Edison & Company, Inc. by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock worth $77,387,000 after purchasing an additional 35,107 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $250,000. Engineers Gate Manager LP acquired a new stake in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $32,695,000. Finally, Allworth Financial LP lifted its stake in Phillips Edison & Company, Inc. by 391.3% in the second quarter. Allworth Financial LP now owns 41,809 shares of the company’s stock valued at $1,465,000 after buying an additional 33,299 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

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.