Phillips Edison & Company, Inc. (NASDAQ:PECO) Hits New 1-Year High – What’s Next?

Phillips Edison & Company, Inc. (NASDAQ:PECO)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $42.29 and last traded at $42.2040, with a volume of 261572 shares changing hands. The stock had previously closed at $41.79.

Analysts Set New Price Targets

PECO has been the topic of several research analyst reports. LADENBURG THALM/SH SH boosted their price objective on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Wells Fargo & Company increased 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 Tuesday, May 26th. Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 16th. Evercore restated an “outperform” rating and issued a $43.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Monday, April 27th. Finally, UBS Group upped their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.29.

Phillips Edison & Company, Inc. Stock Performance

The stock has a market cap of $5.30 billion, a PE ratio of 45.78, a P/E/G ratio of 2.19 and a beta of 0.53. The firm’s 50-day moving average is $40.05 and its 200 day moving average is $37.96.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). The company had revenue of $190.74 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Wednesday, July 15th will be issued a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 141.30%.

Institutional Trading of Phillips Edison & Company, Inc.

A number of institutional investors have recently bought and sold shares of PECO. Norges Bank acquired a new stake in Phillips Edison & Company, Inc. in the 4th quarter valued at about $70,850,000. Balyasny Asset Management L.P. grew its position in shares of Phillips Edison & Company, Inc. by 191.9% in the third quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock valued at $64,184,000 after purchasing an additional 1,229,186 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $27,133,000. Alyeska Investment Group L.P. purchased a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $19,400,000. Finally, Verition Fund Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 2,343.2% during the 4th quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock worth $18,250,000 after purchasing an additional 492,076 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other 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.