Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts rate PECO “Hold” overall: Six of nine analysts recommend holding the stock, while three recommend buying it. The average 12-month price target is $44.78, above the reported $39.07 share price.
• Recent earnings were mixed: Phillips Edison reported quarterly EPS of $0.33, missing the $0.68 consensus estimate, though revenue reached $189.62 million and increased 6.7% year over year.
• Institutional ownership remains high at 80.7%, and the company declared a monthly dividend of $0.1083 per share, representing an annualized yield of about 3.3%.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) has received a consensus rating of "Hold" from the nine analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $44.7778.

A number of analysts have weighed in on PECO shares. Wells Fargo & Company raised their price objective on shares of Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. UBS Group upped their target price on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Finally, Evercore restated an "outperform" rating and set a $44.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC raised its position in 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 purchasing an additional 492,076 shares during the period. Hsbc Holdings PLC grew 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 valued at $8,856,000 after purchasing an additional 62,523 shares in the last quarter. Fifth Third Bancorp lifted its holdings in 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 buying an additional 33,521 shares in the last quarter. Kennedy Capital Management LLC grew its stake in shares of 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 valued at $12,435,000 after acquiring an additional 58,868 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Phillips Edison & Company, Inc. by 12.2% in the fourth quarter. Legal & General Group Plc now owns 878,521 shares of the company's stock worth $31,249,000 after acquiring an additional 95,547 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Stock Performance

Shares of PECO opened at $39.07 on Monday. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.02 and a beta of 0.52. The firm's fifty day simple moving average is $41.55 and its 200-day simple moving average is $39.97. Phillips Edison & Company, Inc. has a twelve month low of $32.98 and a twelve month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.35). The business had revenue of $189.62 million during the quarter, compared to analysts' expectations of $187.46 million. Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. On average, analysts predict that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, August 17th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 113.04%.

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.

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