Phillips Edison & Company, Inc. (NASDAQ:PECO) Now Covered by 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 reports. The firm issued a buy rating and a $40.00 target price on the stock.

Several other equities research analysts have also recently commented on PECO. Mizuho cut their target price on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, July 17th. Barclays cut their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of "Moderate Buy" and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Stock Performance

NASDAQ PECO traded down $0.36 during trading on Tuesday, hitting $35.60. The stock had a trading volume of 1,144,142 shares, compared to its average volume of 714,943. The company has a market capitalization of $4.47 billion, a PE ratio of 64.73, a P/E/G ratio of 1.22 and a beta of 0.55. The company's 50-day moving average price is $34.59 and its two-hundred day moving average price is $35.13. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.12.

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

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be issued a dividend of $0.1083 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. Phillips Edison & Company, Inc.'s payout ratio is presently 236.36%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PECO. Fifth Third Bancorp increased its holdings in shares of Phillips Edison & Company, Inc. by 78.1% during the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company's stock worth $27,000 after acquiring an additional 321 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $28,000. CX Institutional acquired a new position in shares of Phillips Edison & Company, Inc. during the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Phillips Edison & Company, Inc. by 79.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock worth $50,000 after acquiring an additional 602 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth approximately $54,000. 80.70% of the stock is 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.