Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Price Target Raised at UBS Group

Key Points

• UBS raised its price target for Phillips Edison & Company (PECO) to $45 from $42, maintaining a neutral rating; the new target implies about 9.4% upside from the reported share price.
• Analyst sentiment is broadly cautious: PECO has an average “Hold” rating and a consensus price target of $43.20, despite some firms maintaining Buy or Outperform ratings.
• In its latest quarter, the company’s revenue rose 5.7% year over year to $193.09 million, beating estimates, while earnings per share of $0.49 fell short of the $0.69 consensus.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) had its price objective raised by research analysts at UBS Group from $42.00 to $45.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective would suggest a potential upside of 9.41% from the company's current price.

Several other equities analysts have also weighed in on PECO. Mizuho cut their target price on Phillips Edison & Company, Inc. from $43.00 to $39.00 and set an "outperform" rating on the stock in a research note on Thursday, September 24th. The Goldman Sachs Group set a $44.00 target price on Phillips Edison & Company, Inc. in a research report on Wednesday, October 7th. Barclays lowered their price target on Phillips Edison & Company, Inc. from $46.00 to $43.00 and set an "equal weight" rating for the company in a research note on Monday, September 28th. Evercore reiterated an "outperform" rating on shares of Phillips Edison & Company, Inc. in a research report on Monday, September 21st. Finally, Weiss Ratings lowered shares of Phillips Edison & Company, Inc. from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, October 28th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $43.20.

Phillips Edison & Company, Inc. Trading Down 0.2%

Shares of PECO traded down $0.07 on Wednesday, reaching $41.13. 712,679 shares of the company's stock were exchanged, compared to its average volume of 986,709. The stock has a market capitalization of $5.31 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 2.44 and a beta of 0.54. The business has a 50 day moving average price of $38.30 and a two-hundred day moving average price of $39.33. Phillips Edison & Company, Inc. has a 12 month low of $34.22 and a 12 month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.20). Phillips Edison & Company, Inc. had a net margin of 23.87% and a return on equity of 6.90%. The business had revenue of $193.09 million during the quarter, compared to the consensus estimate of $190.17 million. During the same period in the previous year, the business posted $0.65 earnings per share. Phillips Edison & Company, Inc.'s revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that Phillips Edison & Company, Inc. will post 2.78 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Phillips Edison & Company, Inc. by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company's stock worth $71,068,000 after purchasing an additional 74,274 shares during the period. Principal Financial Group Inc. grew its position in shares of Phillips Edison & Company, Inc. by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 612,129 shares of the company's stock valued at $22,906,000 after purchasing an additional 12,155 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Phillips Edison & Company, Inc. by 34.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 483,308 shares of the company's stock valued at $18,085,000 after purchasing an additional 123,601 shares during the period. Public Sector Pension Investment Board increased its stake in Phillips Edison & Company, Inc. by 1.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 437,782 shares of the company's stock worth $16,526,000 after purchasing an additional 4,926 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Phillips Edison & Company, Inc. by 216.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 339,781 shares of the company's stock worth $12,687,000 after purchasing an additional 232,401 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers. Its properties are designed to serve local communities, with grocery stores alongside retailers and service providers that meet everyday needs. The company's activities include leasing and managing its centers, as well as acquiring and improving properties. Its portfolio spans markets across the United States. Founded in 1991, Phillips Edison is headquartered in Cincinnati, Ohio.

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