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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Phillips Edison & Company, Inc. in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

6 brokers have issued 1-year price objectives for Phillips Edison & Company, Inc.'s stock. Their PECO share price forecasts range from $30.00 to $38.00. On average, they expect the company's share price to reach $33.17 in the next twelve months. This suggests a possible upside of 2.7% 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 1.5% and is now trading at $32.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our PECO earnings forecast.

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 analysts' consensus estimates of $0.50 by $0.41. Phillips Edison & Company, Inc. had a trailing twelve-month return on equity of 2.11% and a net margin of 9.39%.

Phillips Edison & Company, Inc. announced a monthly dividend on Friday, May 12th. Stockholders of record on Monday, July 17th will be paid a dividend of $0.0933 per share on Tuesday, August 1st. This represents a $1.12 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, July 14th.
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), U.S. Diversified Real Estate ETF (PPTY), Invesco Active U.S. Real Estate ETF (PSR), FlexShares Global Quality Real Estate Index Fund (GQRE), First Trust US Equity Opportunities ETF (FPX), iShares US Credit Bond ETF (CRED), VictoryShares US Small Mid Cap Value Momentum ETF (USVM) and First Trust S&P REIT Index Fund (FRI).

Phillips Edison & Company, Inc. (NASDAQ:PECO) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.56%. The dividend payout ratio is 238.30%. 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 47.06% 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 Wednesday, May, 3rd. The company provided earnings per share guidance of $0.47-$0.52 for the period, compared to the consensus earnings per share estimate of $0.43. The company issued revenue guidance of -.

(PECO) raised $502 million in an 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.35%), Wellington Management Group LLP (7.72%), State Street Corp (4.09%), FMR LLC (3.85%), Geode Capital Management LLC (2.15%) and Charles Schwab Investment Management Inc. (1.28%). 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 $32.31.

Phillips Edison & Company, Inc. (NASDAQ:PECO) has a market capitalization of $3.79 billion and generates $575.37 million in revenue each year. The company earns $48.32 million in net income (profit) each year or $0.47 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.