Phillips Edison & Company, Inc. (NASDAQ:PECO) Sets New 1-Year High – Time to Buy?

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECOGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $37.69 and last traded at $37.5090, with a volume of 92387 shares traded. The stock had previously closed at $37.22.

Phillips Edison & Company, Inc. News Roundup

Here are the key news stories impacting Phillips Edison & Company, Inc. this week:

Wall Street Analyst Weigh In

A number of brokerages recently commented on PECO. Mizuho set a $39.00 price target on Phillips Edison & Company, Inc. in a research note on Friday, January 9th. Morgan Stanley upped their price objective 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. Wells Fargo & Company assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 target price for the company. Barclays restated a “positive” rating and issued a $41.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, January 13th. Finally, Evercore set a $42.00 price target on shares of Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.38.

Read Our Latest Research Report on Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. Stock Performance

The company has a fifty day moving average of $35.55 and a two-hundred day moving average of $34.87. The company has a market cap of $4.72 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 0.96 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a return on equity of 4.28% and a net margin of 15.32%.The firm had revenue of $187.86 million for the quarter, compared to analysts’ expectations of $183.18 million. During the same period in the previous year, the firm earned $0.62 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. On average, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Institutional Trading of Phillips Edison & Company, Inc.

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

About Phillips Edison & Company, Inc.

(Get Free Report)

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.

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