Phillips Edison & Company, Inc. (NASDAQ:PECO) Reaches New 52-Week High – Still a Buy?

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $40.76 and last traded at $40.57, with a volume of 60447 shares changing hands. The stock had previously closed at $40.30.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PECO. Morgan Stanley increased their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Evercore reaffirmed an “outperform” rating and set a $43.00 target price on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. Wells Fargo & Company increased their target price on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group increased their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.43.

Phillips Edison & Company, Inc. Stock Performance

The firm has a market cap of $5.13 billion, a PE ratio of 44.36, a PEG ratio of 2.15 and a beta of 0.54. The company’s 50-day simple moving average is $38.71 and its two-hundred day simple moving average is $37.11.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.43). The firm had revenue of $190.74 million for the quarter, compared to analysts’ expectations of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, analysts expect that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.1083 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.2%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 141.30%.

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

Several institutional investors have recently added to or reduced their stakes in PECO. Western Wealth Management LLC purchased a new stake in Phillips Edison & Company, Inc. during the 1st quarter valued at $29,000. Flagship Harbor Advisors LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $31,000. Jones Financial Companies Lllp boosted its position in Phillips Edison & Company, Inc. by 2,590.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after buying an additional 1,036 shares during the period. Aster Capital Management DIFC Ltd boosted its position in Phillips Edison & Company, Inc. by 55.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock valued at $37,000 after buying an additional 376 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in Phillips Edison & Company, Inc. by 418.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock valued at $38,000 after buying an additional 903 shares during the period. Hedge funds and other 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.