Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Price Breaks Below 50 Day Moving Average - What's Next?

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $38.17 and traded as low as $37.64. Phillips Edison & Company, Inc. shares last traded at $37.72, with a volume of 1,240,397 shares changing hands.

Key Stories Impacting Phillips Edison & Company, Inc.

Here are the key news stories impacting Phillips Edison & Company, Inc. this week:

• Positive Sentiment: Strong third-quarter operating performance: Phillips Edison reportedly exceeded expectations on key profit measures, while revenue reached $193.1 million, ahead of the $190.2 million consensus estimate and up 5.7% year over year. Phillips Edison & Company Crushes Q3 2026 Profit Estimates
• Positive Sentiment: Management expressed confidence in continued growth: The earnings call highlighted resilient grocery-anchored retail properties and a constructive outlook, which may support investor confidence in recurring cash flow and future results. Phillips Edison Earnings Call Signals Confident Growth
• Positive Sentiment: New financing expands liquidity: PECO announced a $350 million unsecured term loan facility, providing additional financial flexibility for acquisitions, capital spending or other corporate needs. Phillips Edison Announces a New $350 Million Unsecured Term Loan Facility
• Neutral Sentiment: Valuation may limit upside: An analyst review characterized PECO’s results as strong but its shares as fairly valued, suggesting investors may require further earnings or guidance improvements before bidding the stock higher. Phillips Edison Q3 Strong Results Continue, Shares Fairly Valued
• Negative Sentiment: Reported EPS missed estimates: The supplied results show quarterly EPS of $0.49 versus the $0.69 consensus and below $0.65 a year earlier. The shortfall may be weighing on the stock even though revenue growth and broader operating results were positive.
• Negative Sentiment: Additional borrowing increases leverage: Although the new term loan improves liquidity, it also adds debt and potentially higher interest expense, creating a counterpoint to the financing announcement.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Friday, October 23rd. Morgan Stanley increased their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, July 10th. Griffin Securities set a $44.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Monday, September 21st. UBS Group decreased their target price on shares of Phillips Edison & Company, Inc. from $46.00 to $42.00 and set a "neutral" rating for the company in a report on Friday, October 9th. Finally, The Goldman Sachs Group set a $44.00 target price on shares of Phillips Edison & Company, Inc. in a report on Wednesday, October 7th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $43.20.

Phillips Edison & Company, Inc. Trading Down 1.2%

The firm has a market capitalization of $4.85 billion, a PE ratio of 26.19, a P/E/G ratio of 2.30 and a beta of 0.52. The firm has a 50 day simple moving average of $38.17 and a 200 day simple moving average of $39.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.20). The business had revenue of $193.09 million during the quarter, compared to analysts' expectations of $190.17 million. Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be given a $0.1150 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.38 dividend on an annualized basis and a yield of 3.7%. Phillips Edison & Company, Inc.'s payout ratio is 95.83%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of PECO. Waverly Advisors LLC lifted its holdings in Phillips Edison & Company, Inc. by 0.8% in the first quarter. Waverly Advisors LLC now owns 35,466 shares of the company's stock valued at $1,327,000 after acquiring an additional 269 shares during the period. Integrated Wealth Concepts LLC boosted its position in Phillips Edison & Company, Inc. by 2.6% in the second quarter. Integrated Wealth Concepts LLC now owns 11,205 shares of the company's stock worth $466,000 after purchasing an additional 281 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Phillips Edison & Company, Inc. by 5.9% during the 2nd quarter. GAMMA Investing LLC now owns 5,245 shares of the company's stock valued at $218,000 after purchasing an additional 292 shares during the period. CX Institutional grew its stake in shares of Phillips Edison & Company, Inc. by 115.5% during the 2nd quarter. CX Institutional now owns 724 shares of the company's stock valued at $30,000 after purchasing an additional 388 shares during the period. Finally, Earned Wealth Advisors LLC grew its stake in shares of Phillips Edison & Company, Inc. by 1.0% during the 1st quarter. Earned Wealth Advisors LLC now owns 43,172 shares of the company's stock valued at $1,615,000 after purchasing an additional 420 shares during the period. Institutional investors own 80.70% of the company's stock.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc is a real estate investment trust focused on owning, operating and developing grocery-anchored shopping centers in the United States. Its properties are typically located in established communities and are designed to provide consumers with convenient access to essential goods and services.

The company's portfolio includes neighborhood and community shopping centers anchored by grocery stores, alongside complementary tenants such as restaurants, personal care providers, medical offices and other service-oriented businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.