Phillips Edison & Company, Inc. (NASDAQ:PECO) Hits New 12-Month High - Should You Buy?

Key Points

• Phillips Edison & Company (NASDAQ: PECO) hit a new 52-week high of $42.74, extending recent strength in the stock.
• Analyst sentiment is mixed: the stock has an average Hold rating with an average target price of $43.43, though some firms recently raised targets to as high as $46.
• The company posted mixed fundamentals last quarter, beating revenue estimates but missing EPS expectations, while also declaring a monthly dividend of $0.1083 per share for a 3.1% yield.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.74 and last traded at $42.2890, with a volume of 522 shares traded. The stock had previously closed at $42.15.

Analyst Upgrades and Downgrades

PECO has been the topic of a number of analyst reports. Weiss Ratings cut Phillips Edison & Company, Inc. from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 2nd. LADENBURG THALM/SH SH lifted their price objective on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Tuesday, June 16th. Wells Fargo & Company boosted their target price on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 26th. Morgan Stanley increased their target price on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Evercore restated 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. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $43.43.

Phillips Edison & Company, Inc. Stock Performance

The stock has a fifty day simple moving average of $40.83 and a 200 day simple moving average of $38.63. The firm has a market cap of $5.33 billion, a P/E ratio of 46.08, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The business had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. Phillips Edison & Company, Inc.'s quarterly revenue was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Research analysts predict that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.'s dividend payout ratio is presently 141.30%.

Institutional Inflows and Outflows

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

About Phillips Edison & Company, Inc.

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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