Phillips Edison & Company, Inc. (NASDAQ:PECO) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS
by Doug Wharley · The Cerbat GemPhillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) released its earnings results on Thursday. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.17 by $0.07, Zacks reports. Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. Phillips Edison & Company, Inc. updated its FY 2026 guidance to 0.790-0.810 EPS.
Phillips Edison & Company, Inc. Price Performance
Shares of PECO traded up $0.80 during midday trading on Thursday, hitting $39.04. The stock had a trading volume of 1,290,736 shares, compared to its average volume of 881,973. Phillips Edison & Company, Inc. has a 1 year low of $32.84 and a 1 year high of $40.06. The firm has a market cap of $4.91 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 0.99 and a beta of 0.53. The stock’s 50 day moving average is $38.26 and its 200 day moving average is $36.23.
Phillips Edison & Company, Inc. Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.1083 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 3.3%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 146.07%.
Wall Street Analysts Forecast Growth
PECO has been the topic of several research analyst reports. Evercore set a $42.00 target price on shares of Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a report on Friday, February 6th. Barclays boosted their target price on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, April 13th. Morgan Stanley boosted their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group boosted their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.86.
View Our Latest Research Report on PECO
Institutional Investors Weigh In On Phillips Edison & Company, Inc.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Diversify Advisory Services LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the second quarter valued at $200,000. State of Wyoming purchased a new stake in shares of Phillips Edison & Company, Inc. in the second quarter valued at $110,000. Triumph Capital Management purchased a new stake in shares of Phillips Edison & Company, Inc. in the third quarter valued at $108,000. Strive Financial Group LLC purchased a new stake in shares of Phillips Edison & Company, Inc. in the fourth quarter valued at $100,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Phillips Edison & Company, Inc. by 49.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock valued at $91,000 after acquiring an additional 865 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.
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.