Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $44.67 Consensus Target Price from Analysts

Phillips Edison & Company, Inc. (NASDAQ:PECO) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.6667.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Wells Fargo & Company increased their price target on Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Morgan Stanley raised their price objective on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Finally, Griffin Securities set a $47.00 target price on Phillips Edison & Company, Inc. in a research report on Monday, July 27th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PECO. State Street Corp increased its position in shares of Phillips Edison & Company, Inc. by 2.3% in the 2nd quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after purchasing an additional 166,108 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Phillips Edison & Company, Inc. by 5.4% during the fourth quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock worth $224,377,000 after purchasing an additional 325,215 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock worth $82,624,000 after purchasing an additional 86,749 shares during the last quarter. Norges Bank acquired a new position in Phillips Edison & Company, Inc. in the fourth quarter worth about $70,850,000. Finally, Dimensional Fund Advisors LP grew its stake in Phillips Edison & Company, Inc. by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company’s stock worth $71,068,000 after purchasing an additional 74,274 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Trading Up 1.2%

Shares of PECO stock opened at $40.14 on Thursday. The firm has a fifty day simple moving average of $41.85 and a 200-day simple moving average of $39.69. The company has a market capitalization of $5.17 billion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 2.06 and a beta of 0.52. Phillips Edison & Company, Inc. has a twelve month low of $32.98 and a twelve month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The firm had revenue of $189.62 million during the quarter, compared to analyst estimates of $187.46 million. Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.1083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, August 17th. Phillips Edison & Company, Inc.’s payout ratio is 113.04%.

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.