Brokerages Set Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target at $38.50

Key Points

• Phillips Edison & Company, Inc. has received a consensus rating of "Hold" from analysts, with an average price target of $38.50 among six ratings firms.
• The company's recent earnings report showed $0.64 EPS, exceeding analyst expectations, while revenue increased by 10.1% year-over-year.
• Phillips Edison also announced a monthly dividend of $0.1025, yielding approximately 3.6%, with a payout ratio of 223.64%.

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) have been given an average rating of "Hold" by the six brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $38.50.

Several research firms recently weighed in on PECO. Barclays began coverage on Phillips Edison & Company, Inc. in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 price objective on the stock. Wall Street Zen downgraded Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Mizuho dropped 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.

Phillips Edison & Company, Inc. Trading Down 0.2%

Shares of Phillips Edison & Company, Inc. stock traded down $0.08 on Thursday, reaching $34.42. 725,693 shares of the company were exchanged, compared to its average volume of 1,022,902. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 62.58, a PEG ratio of 1.17 and a beta of 0.54. The company has a 50-day moving average of $34.51 and a 200 day moving average of $35.21.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings results 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 return on equity of 2.64% and a net margin of 9.91%.The business had revenue of $173.47 million for the quarter, compared to analysts' expectations of $174.38 million. During the same quarter in the prior year, the business earned $0.59 EPS. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th will be given a dividend of $0.1025 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is 223.64%.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Several hedge funds and other institutional investors have recently modified their holdings of PECO. Wells Fargo & Company MN boosted its position in shares of Phillips Edison & Company, Inc. by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 76,673 shares of the company's stock valued at $2,872,000 after buying an additional 17,392 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Phillips Edison & Company, Inc. by 14.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 81,068 shares of the company's stock valued at $3,037,000 after buying an additional 10,183 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $4,141,000. First Trust Advisors LP boosted its position in shares of Phillips Edison & Company, Inc. by 8.8% during the fourth quarter. First Trust Advisors LP now owns 89,668 shares of the company's stock valued at $3,359,000 after buying an additional 7,271 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Phillips Edison & Company, Inc. by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,396,937 shares of the company's stock valued at $52,328,000 after buying an additional 59,059 shares during the last quarter. Institutional investors own 80.70% of the company's stock.

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.