Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Has Average Target Price of $43.44 According to Analysts

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $43.11.

Several research firms have commented on PECO. Wells Fargo & Company cut their target price on Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. Griffin Securities set a $44.00 price objective on Phillips Edison & Company, Inc. in a report on Monday, September 21st. Evercore reaffirmed an “outperform” rating on shares of Phillips Edison & Company, Inc. in a research report on Monday, September 21st. JPMorgan Chase & Co. upped their target price on Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Mizuho reduced their price target on Phillips Edison & Company, Inc. from $43.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th.

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

Several hedge funds and other institutional investors have recently made changes to their positions in PECO. Sequoia Financial Advisors LLC raised its position in Phillips Edison & Company, Inc. by 40.1% during the second quarter. Sequoia Financial Advisors LLC now owns 21,728 shares of the company’s stock worth $904,000 after acquiring an additional 6,216 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Phillips Edison & Company, Inc. by 2.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,205 shares of the company’s stock valued at $466,000 after acquiring an additional 281 shares during the period. RFG Advisory LLC grew its position in shares of Phillips Edison & Company, Inc. by 89.3% in the 2nd quarter. RFG Advisory LLC now owns 11,922 shares of the company’s stock valued at $496,000 after acquiring an additional 5,623 shares during the period. Nykredit A S acquired a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth about $107,000. Finally, Corient Private Wealth LP raised its holdings in shares of Phillips Edison & Company, Inc. by 4.5% in the 2nd quarter. Corient Private Wealth LP now owns 84,230 shares of the company’s stock valued at $3,506,000 after purchasing an additional 3,605 shares during the period. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $37.49 on Friday. The company’s 50 day simple moving average is $39.47 and its 200 day simple moving average is $39.86. Phillips Edison & Company, Inc. has a fifty-two week low of $32.98 and a fifty-two week high of $44.38. The firm has a market capitalization of $4.82 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.96 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The company had revenue of $189.62 million for the quarter, compared to analyst estimates of $187.46 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Phillips Edison & Company, Inc.’s quarterly revenue was up 6.7% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a dividend of $0.1150 per share. The ex-dividend date is Monday, November 16th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 120.00%.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc is a real estate investment trust (REIT) that owns, operates and develops grocery-anchored shopping centers in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores alongside restaurants, service businesses, retailers and other neighborhood-oriented tenants.

The company focuses on acquiring and managing shopping centers located in communities with favorable demographic and economic characteristics.