Phillips Edison & Company, Inc. (NASDAQ:PECO) Sets New 52-Week High – What’s Next?

Phillips Edison & Company, Inc. (NASDAQ:PECO)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.49 and last traded at $41.6850, with a volume of 57334 shares. The stock had previously closed at $40.48.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PECO. Barclays lifted their price objective on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Evercore reissued an “outperform” rating and issued a $43.00 price target on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. UBS Group increased their price target on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Weiss Ratings downgraded shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Morgan Stanley upped their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Hold” and a consensus price target of $41.43.

Phillips Edison & Company, Inc. Stock Up 3.4%

The business’s 50-day simple moving average is $39.24 and its 200 day simple moving average is $37.48. The firm has a market capitalization of $5.26 billion, a P/E ratio of 45.49, a PEG ratio of 2.15 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released 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). The company had revenue of $190.74 million for the quarter, compared to analysts’ expectations of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is 141.30%.

Institutional Trading of Phillips Edison & Company, Inc.

A number of institutional investors have recently made changes to their positions in PECO. NewEdge Advisors LLC lifted its stake in Phillips Edison & Company, Inc. by 3.2% in the first quarter. NewEdge Advisors LLC now owns 57,636 shares of the company’s stock worth $2,157,000 after acquiring an additional 1,791 shares during the period. Western Wealth Management LLC bought a new position in Phillips Edison & Company, Inc. in the first quarter worth $29,000. Arkadios Wealth Advisors raised its holdings in Phillips Edison & Company, Inc. by 6.4% in the first quarter. Arkadios Wealth Advisors now owns 74,203 shares of the company’s stock worth $2,777,000 after purchasing an additional 4,432 shares in the last quarter. Amundi raised its holdings in Phillips Edison & Company, Inc. by 12.0% in the first quarter. Amundi now owns 93,525 shares of the company’s stock worth $3,500,000 after purchasing an additional 10,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Phillips Edison & Company, Inc. by 53.5% in the first quarter. EverSource Wealth Advisors LLC now owns 3,242 shares of the company’s stock worth $121,000 after purchasing an additional 1,130 shares in the last quarter. Hedge funds and other 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.