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

Key Points

• Mizuho lowered its price target for Phillips Edison & Company from $43 to $39 while maintaining an “outperform” rating, implying approximately 5.18% upside from the current price.
• Analyst sentiment is mixed: PECO has a consensus “Hold” rating from 10 analysts, with an average price target of $43.44.
• Shares rose 1.0% to $37.08, while the company’s latest earnings missed estimates despite revenue growing 6.7% year over year; institutional investors own approximately 80.7% of the stock.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) had its target price cut by equities research analysts at Mizuho from $43.00 to $39.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Mizuho's price target would suggest a potential upside of 5.18% from the stock's current price.

Several other equities analysts also recently weighed in on the company. UBS Group set a $39.00 target price on Phillips Edison & Company, Inc. in a research report on Thursday. JPMorgan Chase & Co. lifted their price target 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 lowered their price target on shares of Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 1st. Barclays boosted their target price on shares of Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Monday, August 17th. Finally, Griffin Securities set a $44.00 price target on Phillips Edison & Company, Inc. in a research report on Monday. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $43.44.

Phillips Edison & Company, Inc. Stock Up 1.0%

PECO traded up $0.36 during mid-day trading on Thursday, reaching $37.08. 503,276 shares of the company traded hands, compared to its average volume of 934,698. The company's fifty day moving average price is $40.20 and its 200-day moving average price is $39.90. The stock has a market capitalization of $4.77 billion, a P/E ratio of 32.22, a P/E/G ratio of 1.92 and a beta of 0.50. Phillips Edison & Company, Inc. has a 52-week low of $32.98 and a 52-week high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results 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 net margin of 19.14% and a return on equity of 5.52%. The company had revenue of $189.62 million for the quarter, compared to analysts' expectations of $187.46 million. During the same quarter last year, the firm posted $0.64 earnings per share. Phillips Edison & Company, Inc.'s revenue for the quarter 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. As a group, sell-side analysts forecast that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in PECO. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Phillips Edison & Company, Inc. in the second quarter valued at about $3,768,000. Verition Fund Management LLC raised its holdings in Phillips Edison & Company, Inc. by 2,343.2% in 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 during the last quarter. Hsbc Holdings PLC grew its holdings in Phillips Edison & Company, Inc. by 33.5% in the 4th quarter. Hsbc Holdings PLC now owns 248,985 shares of the company's stock valued at $8,856,000 after buying an additional 62,523 shares during the period. Kennedy Capital Management LLC increased its stake in Phillips Edison & Company, Inc. by 20.2% during the fourth 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 lifted its position in Phillips Edison & Company, Inc. by 4,823.2% during the first quarter. Fifth Third Bancorp now owns 34,216 shares of the company's stock valued at $1,280,000 after buying an additional 33,521 shares in the last quarter. 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 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.

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