Phillips Edison & Company, Inc. (NASDAQ:PECO) Downgraded to Sell Rating by Wall Street Zen

Key Points

• Phillips Edison & Company, Inc. has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, with a consensus rating of "Moderate Buy" from analysts.
• Barclays lowered its price target for the stock from $37 to $36, while Mizuho set an updated target at $37, reflecting varying sentiments among analysts.
• The company reported earnings of $0.64 per share, surpassing expectations, although revenue of $173.47 million fell short of the projected $174.38 million.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also weighed in on PECO. Mizuho reduced their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. Barclays reduced their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They set a "buy" rating and a $40.00 price target for the company. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of "Moderate Buy" and an average price target of $38.83.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock traded up $0.38 during mid-day trading on Friday, reaching $35.49. The company's stock had a trading volume of 548,749 shares, compared to its average volume of 727,877. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $40.12. The company has a market capitalization of $4.46 billion, a P/E ratio of 64.53, a PEG ratio of 1.20 and a beta of 0.55. The firm's fifty day moving average price is $34.65 and its two-hundred day moving average price is $35.10.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The business had revenue of $173.47 million during the quarter, compared to analyst estimates of $174.38 million. During the same period in the previous year, the business earned $0.59 EPS. Phillips Edison & Company, Inc.'s 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, research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Institutional Trading of Phillips Edison & Company, Inc.

Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp lifted 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. bought a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter worth $28,000. CX Institutional bought a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth $30,000. MassMutual Private Wealth & Trust FSB lifted 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 bought a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth $54,000. 80.70% of the stock is owned by institutional investors.

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.