Phillips Edison & Company, Inc. (PECO) Expected to Announce Earnings on Thursday

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) is projected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, July 24th. Analysts expect Phillips Edison & Company, Inc. to post earnings of $0.63 per share and revenue of $174.38 million for the quarter. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.580-0.630 EPS.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $178.31 million for the quarter, compared to the consensus estimate of $170.59 million. Phillips Edison & Company, Inc. had a net margin of 10.51% and a return on equity of 2.73%. The company's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, analysts expect Phillips Edison & Company, Inc. to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO traded down $0.08 during trading hours on Friday, reaching $34.93. 880,898 shares of the company were exchanged, compared to its average volume of 736,297. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 61.28, a PEG ratio of 1.23 and a beta of 0.55. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.12. The stock has a 50 day simple moving average of $35.20 and a 200 day simple moving average of $35.63.

Phillips Edison & Company, Inc. Announces Dividend

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

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays assumed coverage on shares of Phillips Edison & Company, Inc. in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $37.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Finally, Mizuho decreased their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of "Hold" and an average price target of $38.50.

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings 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 worth $2,982,000 after buying an additional 9,250 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Phillips Edison & Company, Inc. by 8.2% in the first quarter. AQR Capital Management LLC now owns 11,091 shares of the company's stock valued at $405,000 after purchasing an additional 845 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the first quarter valued at approximately $333,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Phillips Edison & Company, Inc. by 4.6% during the first 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 in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

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.