Wells Fargo & Company Forecasts Strong Price Appreciation for Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price target upped by equities researchers at Wells Fargo & Company from $36.00 to $40.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 6.62% from the stock’s current price.

Several other analysts also recently commented on the stock. KeyCorp restated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. Barclays lowered their price objective on shares of 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. Evercore set a $42.00 price objective on shares of Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a report on Friday, February 6th. Morgan Stanley upped their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Finally, Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.43.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ:PECO traded down $0.01 on Thursday, reaching $37.52. The company’s stock had a trading volume of 117,469 shares, compared to its average volume of 885,360. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $40.06. The business’s 50-day moving average price is $37.35 and its two-hundred day moving average price is $35.73. The firm has a market cap of $4.72 billion, a PE ratio of 42.17, a PEG ratio of 0.97 and a beta of 0.51.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The business had revenue of $187.86 million for the quarter, compared to analyst estimates of $183.18 million. During the same period in the prior year, the business earned $0.62 EPS. The company’s revenue for the quarter 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. As a group, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Phillips Edison & Company, Inc. in the fourth quarter valued at $70,850,000. Balyasny Asset Management L.P. lifted its position in Phillips Edison & Company, Inc. by 191.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after buying an additional 1,229,186 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth about $32,695,000. M&T Bank Corp acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth about $27,133,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at about $19,400,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

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.