Phillips Edison & Company, Inc. (NASDAQ:PECO) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analyst consensus is “Hold”: Six of nine analysts rate Phillips Edison & Company a hold, while three recommend buying it. The average 12-month price target is $44.67, above the reported $41.58 share price.
• Quarterly earnings missed expectations: The REIT reported adjusted earnings of $0.33 per share versus the $0.68 consensus estimate, although revenue rose 6.7% year over year to $189.62 million.
• Institutional ownership remains high: Institutional investors own 80.7% of the stock, with several funds increasing their positions during the second quarter. The company also declared a monthly dividend of $0.1083 per share, implying a 3.1% annualized yield.

Shares of Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine analysts that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $44.6667.

Several analysts have issued reports on PECO shares. LADENBURG THALM/SH SH boosted their price target on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a "buy" rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. raised their price objective on Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday. Morgan Stanley lifted their price objective on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, July 10th. Evercore reiterated an "outperform" rating and set a $44.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th. Finally, Barclays increased their target price on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 12th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB increased its stake in Phillips Edison & Company, Inc. by 9.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 38,200 shares of the company's stock worth $1,590,000 after buying an additional 3,400 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Phillips Edison & Company, Inc. by 5.9% in the second quarter. GAMMA Investing LLC now owns 5,245 shares of the company's stock worth $218,000 after acquiring an additional 292 shares during the period. CX Institutional boosted its stake in shares of Phillips Edison & Company, Inc. by 115.5% in the second quarter. CX Institutional now owns 724 shares of the company's stock worth $30,000 after acquiring an additional 388 shares during the period. Pensionfund PDN grew its position in shares of Phillips Edison & Company, Inc. by 59.4% during the second quarter. Pensionfund PDN now owns 25,500 shares of the company's stock worth $1,061,000 after purchasing an additional 9,500 shares in the last quarter. Finally, Pensionfund Sabic grew its position in shares of Phillips Edison & Company, Inc. by 56.2% during the second quarter. Pensionfund Sabic now owns 12,500 shares of the company's stock worth $520,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $41.58 on Thursday. Phillips Edison & Company, Inc. has a one year low of $32.84 and a one year high of $44.38. The stock has a market capitalization of $5.35 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52. The business's fifty day moving average is $41.80 and its 200 day moving average is $39.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The company had revenue of $189.62 million for the quarter, compared to analysts' expectations of $187.46 million. During the same period in the previous year, the firm earned $0.64 earnings per share. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, August 17th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 113.04%.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company's investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.

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