Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $38.83 Consensus PT from Analysts

Key Points

• Phillips Edison & Company, Inc. has received an average recommendation of "Moderate Buy" from analysts, with three ratings for hold and three for buy. The average 1-year target price is approximately $38.83.
• Recent changes in analyst ratings include Mizuho lowering its target price from $38.00 to $37.00, while LADENBURG THALM/SH SH initiated coverage with a buy rating and a target of $40.00.
• The company declared a monthly dividend of $0.1083 per share, with an annualized yield of 3.7%, reflecting a high dividend payout ratio of 223.64%.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $38.8333.

Several equities analysts have commented on PECO shares. LADENBURG THALM/SH SH started coverage on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, September 9th. They issued a "buy" rating and a $40.00 price target on the stock. Barclays dropped their price target on shares of 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. Wall Street Zen lowered shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Finally, Mizuho dropped their price target on shares of 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.

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

A number of hedge funds have recently modified their holdings of PECO. Fifth Third Bancorp grew its position in Phillips Edison & Company, Inc. by 78.1% in the 1st quarter. Fifth Third Bancorp now owns 732 shares of the company's stock valued at $27,000 after buying an additional 321 shares during the last quarter. Assetmark Inc. purchased a new position in Phillips Edison & Company, Inc. in the 2nd quarter valued at $28,000. CX Institutional purchased a new position in Phillips Edison & Company, Inc. in the 1st quarter valued at $30,000. MassMutual Private Wealth & Trust FSB grew its position in Phillips Edison & Company, Inc. by 79.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the company's stock valued at $50,000 after buying an additional 602 shares during the last quarter. Finally, State of Wyoming purchased a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at $54,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Trading Down 0.9%

NASDAQ:PECO traded down $0.31 during mid-day trading on Monday, hitting $35.18. The stock had a trading volume of 238,262 shares, compared to its average volume of 789,800. The stock has a 50-day simple moving average of $34.65 and a two-hundred day simple moving average of $35.10. The company has a market capitalization of $4.42 billion, a PE ratio of 64.10, a PEG ratio of 1.20 and a beta of 0.55. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12.

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, 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 net margin of 9.91% and a return on equity of 2.64%. The firm's revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Sell-side analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be paid a $0.1083 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.'s dividend payout ratio is currently 236.36%.

About Phillips Edison & Company, Inc.

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.