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NASDAQ:PECO

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

$33.95
+0.33 (+0.98%)
(As of 01:15 PM ET)
Compare
Today's Range
$33.62
$34.24
50-Day Range
$33.54
$36.16
52-Week Range
$27.07
$36.46
Volume
235,092 shs
Average Volume
840,609 shs
Market Capitalization
$3.99 billion
P/E Ratio
73.80
Dividend Yield
3.45%
Price Target
$36.60

Phillips Edison & Company, Inc. MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
7.9% Upside
$36.60 Price Target
Short Interest
Bearish
5.98% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.87mentions of Phillips Edison & Company, Inc. in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.45%
From $2.32 to $2.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.63 out of 5 stars

Finance Sector

813th out of 874 stocks

Real Estate Investment Trusts Industry

167th out of 182 stocks


PECO stock logo

About Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock

Phillips Edison & Company, Inc. (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. PECO's centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO's top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of June 30, 2023, PECO managed 294 shopping centers, including 274 wholly-owned centers comprising 31.4 million square feet across 31 states and 20 shopping centers owned in one institutional joint venture. PECO is exclusively focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.

PECO Price History

PECO Stock News Headlines

Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Phillips Edison & Company Acquires Lake Pointe Market
See More Headlines
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PECO Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 10/2 Dividend
9/14/2023
Today
9/28/2023
Dividend Payable
10/02/2023
Ex-Dividend for 11/1 Dividend
10/13/2023
Next Earnings (Confirmed)
10/31/2023
Dividend Payable
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
REIT—Retail
Sub-Industry
N/A
Current Symbol
NASDAQ:PECO
Fax
N/A
Employees
290
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$36.60
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+8.9%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$48.32 million
Pretax Margin
10.56%

Debt

Sales & Book Value

Annual Sales
$575.37 million
Cash Flow
$2.41 per share
Book Value
$22.18 per share

Miscellaneous

Free Float
108,125,000
Market Cap
$3.95 billion
Optionable
Not Optionable
Beta
0.66
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Key Executives

  • Mr. Jeffrey S. Edison (Age 62)
    Chairman & CEO
    Comp: $2.71M
  • Mr. Devin Ignatius Murphy (Age 63)
    Pres
    Comp: $1.21M
  • Mr. John P. Caulfield (Age 41)
    CFO, Exec. VP & Treasurer
    Comp: $755.82k
  • Mr. Robert F. Myers (Age 49)
    Exec. VP & COO
    Comp: $1.2M
  • Ms. Tanya E. Brady J.D. (Age 54)
    Exec. VP, Chief Ethics and Compliance Officer, Gen. Counsel & Sec.
    Comp: $665.39k
  • Ms. Jennifer L. Robison (Age 46)
    Sr. VP & Chief Accounting Officer
  • Mr. Kevin McCann
    Chief Information Officer
  • Kim Green
    VP of Investor Relations
  • Ms. Cherilyn Megill
    Sr. VP & Chief Marketing Officer
  • Mr. Keith A. Rummer J.D.
    Sr. VP, Chief People, Diversity & Inclusion Officer













PECO Stock - Frequently Asked Questions

Should I buy or sell Phillips Edison & Company, Inc. stock right now?

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.

What is Phillips Edison & Company, Inc.'s stock price forecast for 2023?

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.

How have PECO shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Phillips Edison & Company, Inc.'s next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
View our PECO earnings forecast
.

How can I listen to Phillips Edison & Company, Inc.'s earnings call?

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.

How were Phillips Edison & Company, Inc.'s earnings last quarter?

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%.

How often does Phillips Edison & Company, Inc. pay dividends? What is the dividend yield for Phillips Edison & Company, Inc.?

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
.

Is Phillips Edison & Company, Inc. a good dividend stock?

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.

What guidance has Phillips Edison & Company, Inc. issued on next quarter's earnings?

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 -.

When did Phillips Edison & Company, Inc. IPO?

(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.

What is Phillips Edison & Company, Inc.'s stock symbol?

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

Who are Phillips Edison & Company, Inc.'s major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Phillips Edison & Company, Inc.?

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.
Compare Top Brokerages Here.

What is Phillips Edison & Company, Inc.'s stock price today?

One share of PECO stock can currently be purchased for approximately $33.62.

How much money does Phillips Edison & Company, Inc. make?

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.

How many employees does Phillips Edison & Company, Inc. have?

The company employs 290 workers across the globe.

How can I contact Phillips Edison & Company, Inc.?

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.

This page (NASDAQ:PECO) was last updated on 9/28/2023 by MarketBeat.com Staff

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