Mizuho Cuts Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target to $39.00

Phillips Edison & Company, Inc. (NASDAQ:PECO) had its price target reduced by Mizuho from $43.00 to $39.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. UBS Group set a $39.00 target price on shares of Phillips Edison & Company, Inc. in a research report on Thursday. Evercore reiterated an “outperform” rating on shares of Phillips Edison & Company, Inc. in a research note on Monday, September 21st. Griffin Securities set a $44.00 price objective on Phillips Edison & Company, Inc. in a report on Monday, September 21st. Wells Fargo & Company decreased their target price on Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Finally, Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.44.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ:PECO opened at $37.39 on Thursday. The company has a market capitalization of $4.81 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 1.94 and a beta of 0.50. The company’s 50-day moving average is $39.94 and its 200 day moving average is $39.87. Phillips Edison & Company, Inc. has a fifty-two week low of $32.98 and a fifty-two week high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The company had revenue of $189.62 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, research analysts predict that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be issued a $0.1150 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.38 annualized dividend and a yield of 3.7%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 120.00%.

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

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Phillips Edison & Company, Inc. during the 4th quarter valued at about $70,850,000. Verition Fund Management LLC boosted its position in shares of Phillips Edison & Company, Inc. by 2,343.2% in the fourth quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock valued at $18,250,000 after acquiring an additional 492,076 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Phillips Edison & Company, Inc. in the second quarter valued at approximately $6,032,000. Arrowstreet Capital Limited Partnership grew its stake in Phillips Edison & Company, Inc. by 34.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 483,308 shares of the company’s stock valued at $18,085,000 after acquiring an additional 123,601 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Phillips Edison & Company, Inc. by 12.2% during the fourth quarter. Legal & General Group Plc now owns 878,521 shares of the company’s stock valued at $31,249,000 after acquiring an additional 95,547 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc is a self-managed real estate investment trust that owns, operates and develops grocery-anchored shopping centers in the United States. Its properties are generally located in established communities and are designed to provide essential goods and services to local consumers.

The company’s portfolio includes neighborhood and community shopping centers anchored by supermarkets, along with complementary tenants such as restaurants, health and wellness providers, personal services and other retailers.