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

Phillips Edison & Company, Inc. (NASDAQ:PECO) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $40.76 and last traded at $40.57, with a volume of 60447 shares changing hands. The stock had previously closed at $40.30.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 12th. Barclays raised their target price on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Evercore reissued an “outperform” rating and set a $43.00 target price on shares of Phillips Edison & Company, Inc. in a research note on Monday, April 27th. Morgan Stanley raised their target price on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company raised their target price on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of “Hold” and a consensus price target of $41.43.

Phillips Edison & Company, Inc. Price Performance

The business has a 50 day simple moving average of $38.82 and a 200 day simple moving average of $37.20. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 2.18 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The firm had revenue of $190.74 million during the quarter, compared to analyst estimates of $184.91 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.1083 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.2%. Phillips Edison & Company, Inc.’s payout ratio is currently 141.30%.

Institutional Trading of Phillips Edison & Company, Inc.

Large investors have recently modified their holdings of the business. State Street Corp raised its position in shares of Phillips Edison & Company, Inc. by 2.3% during the 2nd quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after purchasing an additional 166,108 shares during 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. Charles Schwab Investment Management Inc. grew its stake in shares of Phillips Edison & Company, Inc. by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock valued at $82,624,000 after buying an additional 86,749 shares during the period. Norges Bank acquired a new position in Phillips Edison & Company, Inc. during the 4th quarter worth $70,850,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Phillips Edison & Company, Inc. by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company’s stock worth $71,068,000 after buying an additional 74,274 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

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.