Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.4286.

A number of research analysts recently weighed in on PECO shares. Barclays reduced their price objective on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Wells Fargo & Company lifted their target price on Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. Weiss Ratings raised Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Morgan Stanley lifted their target price on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Finally, KeyCorp reissued a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th.

Phillips Edison & Company, Inc. Stock Up 1.7%

PECO stock opened at $37.89 on Friday. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.06. The firm has a market cap of $4.77 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 0.96 and a beta of 0.53. The business has a 50 day moving average of $37.86 and a 200 day moving average of $35.90.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. The company had revenue of $187.86 million for the quarter, compared to the consensus estimate of $183.18 million. During the same period last year, the business earned $0.62 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a $0.1083 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 146.07%.

Institutional Trading of Phillips Edison & Company, Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blair William & Co. IL increased its holdings in shares of Phillips Edison & Company, Inc. by 2.6% in the 4th quarter. Blair William & Co. IL now owns 11,011 shares of the company’s stock worth $392,000 after purchasing an additional 276 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Phillips Edison & Company, Inc. by 4.1% in the 4th quarter. Allworth Financial LP now owns 7,846 shares of the company’s stock worth $279,000 after purchasing an additional 306 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 1.0% in the 2nd 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. Kovack Advisors Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 2.9% in the 4th quarter. Kovack Advisors Inc. now owns 11,474 shares of the company’s stock worth $408,000 after purchasing an additional 327 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of Phillips Edison & Company, Inc. by 55.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after purchasing an additional 376 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

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.