Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price objective upped by investment analysts at Morgan Stanley from $37.00 to $38.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential downside of 2.61% from the stock’s current price.

Other analysts also recently issued reports about the stock. 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. Evercore set a $42.00 price objective on shares of Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research report on Friday, February 6th. UBS Group lifted their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Wells Fargo & Company boosted their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Finally, Barclays boosted their price target on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, April 13th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $39.86.

Phillips Edison & Company, Inc. Trading Down 0.8%

NASDAQ:PECO traded down $0.31 during mid-day trading on Tuesday, hitting $39.02. The stock had a trading volume of 141,961 shares, compared to its average volume of 873,881. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 43.85, a P/E/G ratio of 1.01 and a beta of 0.53. The company has a 50 day simple moving average of $38.23 and a 200-day simple moving average of $36.18. Phillips Edison & Company, Inc. has a 52 week low of $32.84 and a 52 week high of $40.06.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.28). The firm 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%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter 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, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.74 earnings per share for the current year.

Institutional Trading of Phillips Edison & Company, Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System bought a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth about $2,088,000. Hsbc Holdings PLC grew its stake in shares of Phillips Edison & Company, Inc. by 33.5% in the 4th quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock worth $8,856,000 after purchasing an additional 62,523 shares during the last quarter. DGS Capital Management LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth approximately $364,000. Invesco Ltd. grew its stake in shares of Phillips Edison & Company, Inc. by 3.9% in the 4th quarter. Invesco Ltd. now owns 455,798 shares of the company’s stock worth $16,213,000 after purchasing an additional 17,097 shares during the last quarter. Finally, Strive Financial Group LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter worth approximately $100,000. 80.70% of the stock is currently owned by institutional investors.

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.