Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Average Recommendation of “Hold” from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $44.7778.

PECO has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. boosted their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. LADENBURG THALM/SH SH increased their price objective on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their target price on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd.

Phillips Edison & Company, Inc. Stock Performance

PECO stock opened at $39.07 on Monday. The firm has a market cap of $5.03 billion, a P/E ratio of 33.97, a P/E/G ratio of 2.02 and a beta of 0.52. The stock’s 50 day simple moving average is $41.55 and its 200 day simple moving average is $39.97. Phillips Edison & Company, Inc. has a 12-month low of $32.98 and a 12-month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The business had revenue of $189.62 million during the quarter, compared to the consensus estimate of $187.46 million. Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.1083 dividend. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 3.3%. Phillips Edison & Company, Inc.’s dividend payout ratio is 113.04%.

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

Large investors have recently made changes to their positions in the business. Corient Private Wealth LP raised its holdings in shares of Phillips Edison & Company, Inc. by 4.5% in the 2nd quarter. Corient Private Wealth LP now owns 84,230 shares of the company’s stock worth $3,506,000 after purchasing an additional 3,605 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Phillips Edison & Company, Inc. in the second quarter worth approximately $3,768,000. California State Teachers Retirement System grew its position in Phillips Edison & Company, Inc. by 3,945.0% in the second quarter. California State Teachers Retirement System now owns 5,987,370 shares of the company’s stock worth $249,194,000 after buying an additional 5,839,350 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in shares of Phillips Edison & Company, Inc. by 79.0% during the 2nd quarter. Ameritas Advisory Services LLC now owns 73,001 shares of the company’s stock valued at $3,038,000 after acquiring an additional 32,217 shares during the last quarter. Finally, Odyssean LLC lifted its position in shares of Phillips Edison & Company, Inc. by 84.5% during the 2nd quarter. Odyssean LLC now owns 70,815 shares of the company’s stock valued at $2,947,000 after acquiring an additional 32,443 shares during the last quarter. 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.