Phillips Edison & Company, Inc. (NASDAQ:PECO) Reaches New 52-Week High – Here’s Why

Phillips Edison & Company, Inc. (NASDAQ:PECO)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.74 and last traded at $42.2890, with a volume of 522 shares changing hands. The stock had previously closed at $42.15.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group lifted their price objective on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings lowered shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Barclays lifted their price target on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. LADENBURG THALM/SH SH increased their price objective on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Evercore reaffirmed an “outperform” rating and issued a $44.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.43.

Phillips Edison & Company, Inc. Stock Up 0.6%

The company has a market capitalization of $5.33 billion, a P/E ratio of 46.08, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52. The business has a 50 day moving average of $40.83 and a 200 day moving average of $38.63.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data 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 firm had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, research analysts anticipate that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

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

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

Institutional investors and hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB increased its holdings in shares of Phillips Edison & Company, Inc. by 9.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 38,200 shares of the company’s stock worth $1,590,000 after buying an additional 3,400 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Phillips Edison & Company, Inc. by 5.9% in the 2nd quarter. GAMMA Investing LLC now owns 5,245 shares of the company’s stock valued at $218,000 after purchasing an additional 292 shares during the last quarter. CX Institutional lifted its stake in shares of Phillips Edison & Company, Inc. by 115.5% in the 2nd quarter. CX Institutional now owns 724 shares of the company’s stock valued at $30,000 after purchasing an additional 388 shares during the last quarter. Pensionfund PDN boosted its holdings in shares of Phillips Edison & Company, Inc. by 59.4% in the 2nd quarter. Pensionfund PDN now owns 25,500 shares of the company’s stock worth $1,061,000 after purchasing an additional 9,500 shares during the period. Finally, Pensionfund Sabic increased its position in shares of Phillips Edison & Company, Inc. by 56.2% during the 2nd quarter. Pensionfund Sabic now owns 12,500 shares of the company’s stock valued at $520,000 after purchasing an additional 4,500 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Company Profile

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.