Barclays Cuts Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target to $40.00

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its target price trimmed by Barclays from $41.00 to $40.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages also recently issued reports on PECO. Mizuho set a $39.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Friday, January 9th. KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. Morgan Stanley increased their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. UBS Group raised their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.86.

Phillips Edison & Company, Inc. Trading Down 0.7%

NASDAQ:PECO opened at $39.40 on Monday. The stock has a market capitalization of $4.96 billion, a P/E ratio of 44.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.51. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.06. The firm has a 50 day moving average of $36.78 and a 200-day moving average of $35.46.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). The business had revenue of $187.86 million for the quarter, compared to analyst estimates of $183.18 million. Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 146.07%.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

A number of institutional investors have recently made changes to their positions in PECO. Assetmark Inc. bought a new stake in Phillips Edison & Company, Inc. in the second quarter valued at about $28,000. Flagship Harbor Advisors LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd increased its stake in shares of Phillips Edison & Company, Inc. by 55.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock valued at $37,000 after acquiring an additional 376 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Phillips Edison & Company, Inc. by 2,590.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after acquiring an additional 1,036 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Phillips Edison & Company, Inc. by 418.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock valued at $38,000 after acquiring an additional 903 shares during the period. 80.70% of the stock is 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.