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

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 research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Several other brokerages also recently weighed in on PECO. Mizuho decreased their target price on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th. LADENBURG THALM/SH SH began coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They issued a "buy" rating and a $40.00 price target for the company. Finally, Barclays reduced 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. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $38.83.

Phillips Edison & Company, Inc. Stock Up 0.7%

Shares of NASDAQ PECO traded up $0.24 on Friday, hitting $35.64. The company had a trading volume of 179,368 shares, compared to its average volume of 791,932. Phillips Edison & Company, Inc. has a 12-month low of $32.40 and a 12-month high of $40.12. The business has a 50 day moving average of $34.62 and a two-hundred day moving average of $35.12. The firm has a market capitalization of $4.48 billion, a P/E ratio of 65.19, a PEG ratio of 1.21 and a beta of 0.55.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, topping 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 company had revenue of $173.47 million during the quarter, compared to the consensus estimate of $174.38 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company'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, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in 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 buying an additional 321 shares during the last quarter. Assetmark Inc. bought a new position in Phillips Edison & Company, Inc. during the 2nd quarter worth approximately $28,000. CX Institutional bought a new position in Phillips Edison & Company, Inc. during the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 buying an additional 602 shares during the last quarter. Finally, State of Wyoming bought a new position in Phillips Edison & Company, Inc. during the 4th quarter worth approximately $54,000. Institutional investors own 80.70% of the company's stock.

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.