Phillips Edison & Company, Inc. (NASDAQ:PECO) Releases Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Phillips Edison & Company, Inc. reported quarterly earnings of $0.64 per share, surpassing estimates by $0.01, while revenues totaled $173.47 million, slightly below expectations.
• The firm announced a dividend of $0.1025 per share, resulting in a dividend yield of 3.5%, though its payout ratio stands at a high 223.64%.
• Several analysts have revised their ratings, with one lowering shares to a "sell" and others setting a price target of $37.00, reflecting mixed outlooks for the stock.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) announced its earnings results on Thursday. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.01, Zacks reports. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The business had revenue of $173.47 million for the quarter, compared to analyst estimates of $174.38 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Phillips Edison & Company, Inc.'s revenue was up 10.1% compared to the same quarter last year. Phillips Edison & Company, Inc. updated its FY 2025 guidance to 0.610-0.640 EPS.

Phillips Edison & Company, Inc. Stock Performance

PECO traded up $0.02 during trading hours on Wednesday, reaching $35.13. The company's stock had a trading volume of 386,381 shares, compared to its average volume of 764,428. The firm has a market cap of $4.41 billion, a PE ratio of 63.85, a price-to-earnings-growth ratio of 1.19 and a beta of 0.55. The company's 50-day moving average is $35.04 and its 200-day moving average is $35.54. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.12.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th were paid a $0.1025 dividend. This represents a yield of 3.5%. The ex-dividend date was Monday, June 16th. Phillips Edison & Company, Inc.'s dividend payout ratio (DPR) is presently 223.64%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PECO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Phillips Edison & Company, Inc. by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company's stock worth $2,668,000 after purchasing an additional 3,199 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the first quarter valued at approximately $333,000. AQR Capital Management LLC grew its holdings in Phillips Edison & Company, Inc. by 8.2% during the first quarter. AQR Capital Management LLC now owns 11,091 shares of the company's stock worth $405,000 after buying an additional 845 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Phillips Edison & Company, Inc. by 12.8% during the 1st quarter. Royal Bank of Canada now owns 81,726 shares of the company's stock valued at $2,982,000 after buying an additional 9,250 shares during the last quarter. Institutional investors own 80.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays assumed coverage on shares of Phillips Edison & Company, Inc. in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $37.00 price target on the stock. Wall Street Zen cut Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Mizuho lowered their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $38.50.

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.