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

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been given an average rating of “Hold” by the nine analysts that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $44.3333.

Several analysts have recently commented on PECO shares. Griffin Securities set a $47.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Monday, July 27th. Wells Fargo & Company cut their price objective on Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Evercore reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Finally, Barclays raised their price target on Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO opened at $38.96 on Monday. Phillips Edison & Company, Inc. has a 52-week low of $32.98 and a 52-week high of $44.38. The stock has a fifty day simple moving average of $41.26 and a 200-day simple moving average of $40.00. The company has a market capitalization of $5.01 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.02 and a beta of 0.50.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The business had revenue of $189.62 million during the quarter, compared to analyst estimates of $187.46 million. During the same period in the previous year, the company posted $0.64 earnings per share. Phillips Edison & Company, Inc.’s revenue was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 113.04%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PECO. State Street Corp grew its holdings in shares of Phillips Edison & Company, Inc. by 2.3% during the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after buying an additional 166,108 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Phillips Edison & Company, Inc. by 5.4% during the fourth quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock valued at $224,377,000 after buying an additional 325,215 shares during the period. California State Teachers Retirement System lifted its stake in shares of Phillips Edison & Company, Inc. by 3,945.0% during the second quarter. California State Teachers Retirement System now owns 5,987,370 shares of the company’s stock valued at $249,194,000 after buying an additional 5,839,350 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Phillips Edison & Company, Inc. by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock worth $82,624,000 after acquiring an additional 86,749 shares during the last quarter. Finally, Norges Bank acquired a new stake in Phillips Edison & Company, Inc. during the fourth quarter worth approximately $70,850,000. 80.70% of the stock is currently owned by hedge funds and other 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.