Phillips Edison & Company, Inc. (NASDAQ:PECO) Rating Increased to Hold at Wall Street Zen

Key Points

• Phillips Edison & Company, Inc. was upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating improved outlook among analysts.
• Barclays and Mizuho both adjusted their price targets, with Barclays lowering it from $37.00 to $36.00 and Mizuho from $38.00 to $37.00.
• The company reported a 10.1% year-over-year increase in revenue with an earnings per share of $0.64, slightly beating estimates of $0.63.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.

Several other research firms have also issued reports on PECO. Barclays dropped their target price on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Mizuho dropped their price objective on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, July 17th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.83.

Phillips Edison & Company, Inc. Stock Performance

PECO traded up $0.41 on Friday, hitting $35.96. 600,245 shares of the company were exchanged, compared to its average volume of 734,683. 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 cap of $4.52 billion, a PE ratio of 65.38, a PEG ratio of 1.21 and a beta of 0.55. The stock's fifty day moving average is $34.58 and its 200-day moving average is $35.14.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (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 analyst estimates of $174.38 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Phillips Edison & Company, Inc.'s revenue was up 10.1% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. As a group, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Phillips Edison & Company, Inc. by 2.1% during the first quarter. Vanguard Group Inc. now owns 19,720,204 shares of the company's stock worth $719,590,000 after buying an additional 397,862 shares in the last quarter. State Street Corp grew its position in Phillips Edison & Company, Inc. by 2.3% during the second quarter. State Street Corp now owns 7,349,080 shares of the company's stock worth $258,169,000 after buying an additional 166,108 shares in the last quarter. Geode Capital Management LLC grew its position in Phillips Edison & Company, Inc. by 2.0% during the second quarter. Geode Capital Management LLC now owns 3,395,070 shares of the company's stock worth $118,942,000 after buying an additional 65,782 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Phillips Edison & Company, Inc. by 1.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company's stock worth $77,387,000 after buying an additional 35,107 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Phillips Edison & Company, Inc. by 42.1% during the first quarter. Alyeska Investment Group L.P. now owns 2,013,308 shares of the company's stock worth $73,466,000 after purchasing an additional 596,123 shares during the last quarter. Institutional investors and hedge funds 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.