Phillips Edison & Company, Inc. (NASDAQ:PECO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) from a sell rating to a hold rating in a report published on Saturday morning.

A number of other equities analysts have also recently weighed in on the stock. UBS Group initiated coverage on shares of Phillips Edison & Company, Inc. in a research report on Friday, October 17th. They issued a “neutral” rating and a $37.00 price objective for the company. LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They issued a “buy” rating and a $40.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, October 8th. Mizuho dropped their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Finally, Barclays upped their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.86.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO opened at $34.94 on Friday. The company has a market cap of $4.40 billion, a P/E ratio of 52.94, a P/E/G ratio of 1.51 and a beta of 0.53. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.12. The company has a 50-day moving average of $34.56 and a 200-day moving average of $34.77.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.44). Phillips Edison & Company, Inc. had a net margin of 11.51% and a return on equity of 3.14%. The firm had revenue of $182.67 million during the quarter, compared to analyst estimates of $177.19 million. During the same quarter in the previous year, the business posted $0.62 EPS. Phillips Edison & Company, Inc.’s revenue was up 10.4% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. As a group, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a $0.1083 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 196.97%.

Institutional Trading of Phillips Edison & Company, Inc.

A number of institutional investors and hedge funds have recently made changes to their positions in PECO. Assetmark Inc. bought a new position in Phillips Edison & Company, Inc. during the 2nd quarter worth $28,000. Jones Financial Companies Lllp grew its position in shares of Phillips Edison & Company, Inc. by 2,590.0% during the third quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock worth $37,000 after acquiring an additional 1,036 shares during the last quarter. Hantz Financial Services Inc. increased its holdings 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 worth $38,000 after acquiring an additional 903 shares during the period. Quarry LP lifted its position in Phillips Edison & Company, Inc. by 21,362.5% in the 1st quarter. Quarry LP now owns 1,717 shares of the company’s stock valued at $63,000 after purchasing an additional 1,709 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Phillips Edison & Company, Inc. by 49.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock valued at $91,000 after purchasing an additional 865 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.