Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives Consensus Rating of "Hold" from Brokerages

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) has earned a consensus recommendation of "Hold" from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.1667.

PECO has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH initiated coverage on Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They set a "buy" rating and a $40.00 price target on the stock. Barclays upped their price target on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Phillips Edison & Company, Inc. in a report on Wednesday. Wall Street Zen downgraded Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Finally, Mizuho lowered their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th.

Phillips Edison & Company, Inc. Trading Up 0.2%

Phillips Edison & Company, Inc. stock opened at $33.73 on Friday. The business's fifty day simple moving average is $34.51 and its two-hundred day simple moving average is $34.97. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.12. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 61.33, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $174.38 million. During the same period in the previous year, the company posted $0.59 earnings per share. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 4th. Investors of record on Wednesday, October 15th will be given a dividend of $0.1083 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.'s dividend payout ratio is 236.36%.

Institutional Trading of Phillips Edison & Company, Inc.

Hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. purchased a new stake in Phillips Edison & Company, Inc. during the first quarter valued at $242,000. Teacher Retirement System of Texas increased its position in Phillips Edison & Company, Inc. by 11.8% during the first quarter. Teacher Retirement System of Texas now owns 36,284 shares of the company's stock valued at $1,324,000 after acquiring an additional 3,841 shares during the last quarter. Principal Financial Group Inc. increased its position in Phillips Edison & Company, Inc. by 4.7% during the first quarter. Principal Financial Group Inc. now owns 623,420 shares of the company's stock valued at $22,749,000 after acquiring an additional 28,255 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Phillips Edison & Company, Inc. during the first quarter valued at $1,002,000. Finally, Charles Schwab Investment Management Inc. increased its position in Phillips Edison & Company, Inc. by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,174,051 shares of the company's stock valued at $79,331,000 after acquiring an additional 28,534 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

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.

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