Analysts Set Phillips Edison & Company, Inc. (NASDAQ:PECO) PT at $38.33

Phillips Edison & Company, Inc. (NASDAQ:PECO) has been given an average rating of “Hold” by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $38.3333.

PECO has been the subject of several recent analyst reports. Wall Street Zen upgraded Phillips Edison & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, October 21st. They set an “equal weight” rating and a $36.00 price target on the stock. 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. Barclays increased their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 18th. Finally, UBS Group started coverage on shares of Phillips Edison & Company, Inc. in a research note on Friday, October 17th. They set a “neutral” rating and a $37.00 target price for the company.

Institutional Trading of Phillips Edison & Company, Inc.

Several large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at $55,410,000. Balyasny Asset Management L.P. increased its stake in Phillips Edison & Company, Inc. by 191.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after buying an additional 1,229,186 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Phillips Edison & Company, Inc. in the 2nd quarter worth $32,695,000. Nuveen LLC bought a new stake in Phillips Edison & Company, Inc. during the first quarter valued at about $32,465,000. Finally, Alyeska Investment Group L.P. lifted its position in shares of Phillips Edison & Company, Inc. by 42.1% in the first quarter. Alyeska Investment Group L.P. now owns 2,013,308 shares of the company’s stock valued at $73,466,000 after acquiring an additional 596,123 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $34.87 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $39.70. The firm has a 50-day moving average of $34.41 and a 200 day moving average of $34.72. The stock has a market cap of $4.39 billion, a P/E ratio of 52.83, a price-to-earnings-growth ratio of 1.51 and a beta of 0.53.

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

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.1083 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 196.97%.

About Phillips Edison & Company, Inc.

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.