Phillips Edison & Company, Inc. (PECO) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Phillips Edison & Company, Inc. in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PECO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PECO, but not buy additional shares or sell existing shares.
View PECO analyst ratings or view top-rated stocks.

5 equities research analysts have issued 1 year price objectives for Phillips Edison & Company, Inc.'s stock. Their PECO share price forecasts range from $32.00 to $44.00. On average, they predict the company's share price to reach $36.60 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price.
View analysts price targets for PECO or view top-rated stocks among Wall Street analysts.

Phillips Edison & Company, Inc.'s stock was trading at $31.84 at the beginning of 2023. Since then, PECO shares have increased by 5.6% and is now trading at $33.62.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
View our PECO earnings forecast.

Phillips Edison & Company, Inc. will be holding an earnings conference call on Wednesday, November 1st at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced its quarterly earnings data on Thursday, May, 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.41. Phillips Edison & Company, Inc. had a trailing twelve-month return on equity of 2.16% and a net margin of 9.39%.

Phillips Edison & Company, Inc. announced a monthly dividend on Tuesday, September 5th. Shareholders of record on Monday, October 16th will be given a dividend of $0.0975 per share on Wednesday, November 1st. This represents a $1.17 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, October 13th. This is a boost from the stock's previous monthly dividend of $0.10.
Read our dividend analysis for PECO.

ETFs with the largest weight of Phillips Edison & Company, Inc. (NASDAQ:PECO) stock in their portfolio include Fidelity Real Estate Investment ETF (FPRO), Invesco S&P SmallCap Financials ETF (PSCF), Global X Founder-Run Companies ETF (BOSS), U.S. Diversified Real Estate ETF (PPTY), Invesco Active U.S. Real Estate ETF (PSR), First Trust US Equity Opportunities ETF (FPX), FlexShares Global Quality Real Estate Index Fund (GQRE) and iShares US Credit Bond ETF (CRED).

Phillips Edison & Company, Inc. (NASDAQ:PECO) pays an annual dividend of $1.17 per share and currently has a dividend yield of 3.44%. The dividend payout ratio is 254.35%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PECO will have a dividend payout ratio of 48.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PECO.

Phillips Edison & Company, Inc. issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $0.51-$0.55 for the period, compared to the consensus estimate of $0.43. The company issued revenue guidance of -.

(PECO) raised $502 million in an initial public offering (IPO) on Friday, July 16th 2021. The company issued 17,000,000 shares at a price of $28.00-$31.00 per share.

Phillips Edison & Company, Inc. trades on the NASDAQ under the ticker symbol "PECO."

Phillips Edison & Company, Inc.'s stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.14%), State Street Corp (5.61%), Geode Capital Management LLC (2.26%), Osaic Holdings Inc. (1.66%), Charles Schwab Investment Management Inc. (1.38%) and Northern Trust Corp (1.16%). Insiders that own company stock include Leslie T Chao and Paul Massey.
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Shares of PECO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PECO stock can currently be purchased for approximately $33.62.

Phillips Edison & Company, Inc. (NASDAQ:PECO) has a market capitalization of $3.95 billion and generates $575.37 million in revenue each year. The company earns $48.32 million in net income (profit) each year or $0.46 on an earnings per share basis.

The company employs 290 workers across the globe.

The official website for the company is www.phillipsedison.com. The company can be reached via phone at 513-554-1110 or via email at investorrelations@phillipsedison.com.