Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target Raised to $40.00

Key Points

• Wells Fargo raised its price target on Phillips Edison & Company to $40.00 (from $36.00) with an "equal weight" rating, implying about a 6.6% upside from the current price.
• Analyst sentiment is mixed: the MarketBeat consensus is a "Hold" with a $39.43 average price target, reflecting a split of four Buys and five Holds among covering analysts.
• The company missed quarterly EPS (reported $0.38 vs. $0.66 expected) despite revenue rising 8.6% year-over-year, and it set FY2026 guidance of $0.740–0.770 EPS; PECO is trading near $37.52 with a market cap of ~$4.7B.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) had its price objective raised by equities researchers at Wells Fargo & Company from $36.00 to $40.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 6.62% from the company's current price.

A number of other analysts have also commented on PECO. UBS Group lifted their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, January 8th. KeyCorp reaffirmed a "sector weight" rating on shares of Phillips Edison & Company, Inc. in a research note on Thursday, December 18th. Barclays lowered their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, March 2nd. Mizuho set a $39.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Friday, January 9th. Finally, Morgan Stanley increased their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of "Hold" and a consensus price target of $39.43.

Phillips Edison & Company, Inc. Stock Down 0.0%

PECO stock traded down $0.01 during trading on Thursday, hitting $37.52. The company had a trading volume of 117,469 shares, compared to its average volume of 885,360. The firm has a 50-day moving average price of $37.35 and a 200-day moving average price of $35.73. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.06. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 42.17, a PEG ratio of 0.97 and a beta of 0.51.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.28). The firm had revenue of $187.86 million during the quarter, compared to the consensus estimate of $183.18 million. Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Equities analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Institutional Trading of Phillips Edison & Company, Inc.

A number of hedge funds have recently modified their holdings of PECO. State Street Corp boosted its stake in Phillips Edison & Company, Inc. by 2.3% during the 2nd quarter. State Street Corp now owns 7,349,080 shares of the company's stock worth $258,169,000 after acquiring an additional 166,108 shares during the last quarter. Wellington Management Group LLP increased its stake in Phillips Edison & Company, Inc. by 5.4% in the fourth quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company's stock valued at $224,377,000 after purchasing an additional 325,215 shares in the last quarter. Geode Capital Management LLC raised its holdings in Phillips Edison & Company, Inc. by 2.0% in the second quarter. Geode Capital Management LLC now owns 3,395,070 shares of the company's stock worth $118,942,000 after purchasing an additional 65,782 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Phillips Edison & Company, Inc. by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company's stock worth $82,624,000 after purchasing an additional 86,749 shares during the period. Finally, Norges Bank bought a new position in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $70,850,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.