Phillips Edison & Company, Inc.'s (PECO) Hold (C+) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Phillips Edison & Company, Inc. (PECO) in a recent research note.
• Barclays increased its target price for PECO shares from $36.00 to $38.00, while LADENBURG THALM/SH SH assigned a "buy" rating with a target price of $40.00.
• PECO's latest earnings report showed a **9.91% net margin** and a **10.1% year-over-year** revenue increase, with shares recently valued at approximately $33.67.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

PECO has been the topic of a number of other reports. Barclays boosted their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Monday. LADENBURG THALM/SH SH began coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They set a "buy" rating and a $40.00 target price on the stock. Mizuho lowered their target price on shares of 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. Finally, Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of "Hold" and an average price target of $39.17.

Phillips Edison & Company, Inc. Stock Up 0.9%

Shares of PECO stock opened at $33.67 on Wednesday. The company's fifty day simple moving average is $34.51 and its 200-day simple moving average is $34.99. The firm has a market cap of $4.23 billion, a PE ratio of 61.22, a P/E/G ratio of 1.14 and a beta of 0.54. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. The business had revenue of $173.47 million for the quarter, compared to the consensus estimate of $174.38 million. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. On average, equities analysts predict that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp grew its stake in shares of Phillips Edison & Company, Inc. by 78.1% in the first quarter. Fifth Third Bancorp now owns 732 shares of the company's stock valued at $27,000 after acquiring an additional 321 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Phillips Edison & Company, Inc. in the second quarter valued at about $28,000. CX Institutional acquired a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at about $30,000. Quarry LP grew its stake in shares of Phillips Edison & Company, Inc. by 21,362.5% in the first quarter. Quarry LP now owns 1,717 shares of the company's stock valued at $63,000 after acquiring an additional 1,709 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at about $91,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

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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