Phillips Edison & Company, Inc. (NASDAQ:PECO) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

Key Points

• LADENBURG THALM/SH SH has initiated coverage on Phillips Edison & Company, setting a "buy" rating with a price target of $40.00, indicating a potential upside of 11.89% from its current price.
• Phillips Edison reported a Q2 EPS of $0.64, exceeding analysts' expectations, with a revenue of $173.47 million, slightly below the anticipated $174.38 million.
• Institutional investors hold a significant stake in Phillips Edison, with 80.70% of the company's stock owned by hedge funds and other institutional investors.

LADENBURG THALM/SH SH assumed coverage on shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Free Report) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $40.00 price objective on the stock.

Several other brokerages also recently issued reports on PECO. Barclays lowered their price target on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Mizuho lowered their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, July 17th. Finally, Wall Street Zen upgraded Phillips Edison & Company, Inc. from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO traded down $0.36 during trading hours on Tuesday, hitting $35.60. The company had a trading volume of 1,144,142 shares, compared to its average volume of 714,943. Phillips Edison & Company, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $40.12. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 64.73, a P/E/G ratio of 1.22 and a beta of 0.55. The firm's 50 day moving average is $34.59 and its 200 day moving average is $35.14.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The firm had revenue of $173.47 million during the quarter, compared to the consensus estimate of $174.38 million. During the same period in the prior year, the firm earned $0.59 EPS. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. On average, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be paid a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 223.64%.

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

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in Phillips Edison & Company, Inc. by 78.1% in the first quarter. Fifth Third Bancorp now owns 732 shares of the company's stock worth $27,000 after purchasing an additional 321 shares in the last quarter. Assetmark Inc. acquired a new position in Phillips Edison & Company, Inc. in the second quarter worth about $28,000. CX Institutional acquired a new position in Phillips Edison & Company, Inc. in the first quarter worth about $30,000. MassMutual Private Wealth & Trust FSB grew its stake in Phillips Edison & Company, Inc. by 79.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock worth $50,000 after purchasing an additional 602 shares in the last quarter. Finally, State of Wyoming acquired a new position in Phillips Edison & Company, Inc. in the fourth quarter worth about $54,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.