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

by · The Markets Daily

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $43.44.

A number of research firms recently commented on PECO. Wells Fargo & Company dropped their price target on Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. LADENBURG THALM/SH SH raised their target price on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Griffin Securities set a $44.00 target price on shares of Phillips Edison & Company, Inc. in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th.

Check Out Our Latest Stock Report on PECO

Phillips Edison & Company, Inc. Price Performance

PECO stock opened at $37.12 on Friday. Phillips Edison & Company, Inc. has a one year low of $32.98 and a one year high of $44.38. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. The company has a fifty day moving average price of $40.07 and a two-hundred day moving average price of $39.89.

Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share 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 firm had revenue of $189.62 million for the quarter, compared to the consensus estimate of $187.46 million. During the same quarter in the previous year, the business earned $0.64 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Research analysts anticipate that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared 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. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, November 16th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 120.00%.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Phillips Edison & Company, Inc. during the second quarter worth $3,768,000. Verition Fund Management LLC lifted its stake in Phillips Edison & Company, Inc. by 2,343.2% during the 4th 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 in the last quarter. Hsbc Holdings PLC boosted its holdings in Phillips Edison & Company, Inc. by 33.5% during the 4th quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock worth $8,856,000 after acquiring an additional 62,523 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Phillips Edison & Company, Inc. by 20.2% during the 4th quarter. Kennedy Capital Management LLC now owns 349,583 shares of the company’s stock worth $12,435,000 after acquiring an additional 58,868 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Phillips Edison & Company, Inc. by 4,823.2% in the 1st quarter. Fifth Third Bancorp now owns 34,216 shares of the company’s stock worth $1,280,000 after acquiring an additional 33,521 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

About Phillips Edison & Company, Inc.

(Get Free Report)

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.

See Also