Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $38.86 Average Price Target from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $38.8571.

A number of brokerages have recently commented on PECO. KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday, December 18th. Morgan Stanley boosted their price target on 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 upped their price target on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Barclays reduced their price objective on 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. Finally, Weiss Ratings raised Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th.

Phillips Edison & Company, Inc. Trading Down 0.4%

Shares of PECO stock opened at $38.40 on Monday. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.06. The firm’s fifty day simple moving average is $37.07 and its 200 day simple moving average is $35.62. The firm has a market capitalization of $4.83 billion, a P/E ratio of 43.15, a price-to-earnings-growth ratio of 0.98 and a beta of 0.51.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued 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 company had revenue of $187.86 million during the quarter, compared to the consensus estimate of $183.18 million. Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 146.07%.

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

Several institutional investors and hedge funds have recently bought and sold shares of PECO. Royal Bank of Canada lifted its holdings in shares of Phillips Edison & Company, Inc. by 12.8% during the 1st quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock worth $2,982,000 after acquiring an additional 9,250 shares during the period. AQR Capital Management LLC increased its stake in Phillips Edison & Company, Inc. by 8.2% in the first quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock valued at $405,000 after acquiring an additional 845 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Phillips Edison & Company, Inc. in the first quarter worth about $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Phillips Edison & Company, Inc. by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock worth $2,668,000 after purchasing an additional 3,199 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Phillips Edison & Company, Inc. by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 78,147 shares of the company’s stock worth $2,737,000 after purchasing an additional 1,797 shares during the period. Institutional investors 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.