Phillips Edison & Company, Inc. (NASDAQ:PECO) Issues FY 2025 Earnings Guidance

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.610-0.640 for the period, compared to the consensus EPS estimate of 2.571. The company issued revenue guidance of -.

Phillips Edison & Company, Inc. Stock Down 0.6%

NASDAQ PECO traded down $0.20 during trading hours on Friday, hitting $34.56. The company's stock had a trading volume of 1,233,492 shares, compared to its average volume of 711,556. The firm has a market capitalization of $4.33 billion, a P/E ratio of 62.84, a PEG ratio of 1.22 and a beta of 0.55. Phillips Edison & Company, Inc. has a twelve month low of $32.40 and a twelve month high of $40.12. The stock has a fifty day moving average of $35.09 and a 200 day moving average of $35.57.

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, beating the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The firm had revenue of $173.47 million for the quarter, compared to analyst estimates of $174.38 million. During the same period last year, the firm earned $0.59 EPS. The business's quarterly revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were given a dividend of $0.1025 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 3.5%. Phillips Edison & Company, Inc.'s payout ratio is presently 215.79%.

Wall Street Analyst Weigh In

PECO has been the subject of several research reports. Mizuho decreased their price target on shares of 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. Barclays started coverage on Phillips Edison & Company, Inc. in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 target price on the stock. Finally, Wall Street Zen downgraded Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $38.50.

Institutional Investors Weigh In On Phillips Edison & Company, Inc.

Several hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new position in Phillips Edison & Company, Inc. during the 1st quarter worth $333,000. AQR Capital Management LLC lifted its position in shares of Phillips Edison & Company, Inc. by 8.2% in the 1st quarter. AQR Capital Management LLC now owns 11,091 shares of the company's stock worth $405,000 after acquiring an additional 845 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Phillips Edison & Company, Inc. by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company's stock worth $2,668,000 after buying an additional 3,199 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Phillips Edison & Company, Inc. by 12.8% in 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 period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

About Phillips Edison & Company, Inc.

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.