Wall Street Zen Upgrades Phillips Edison & Company, Inc. (NASDAQ:PECO) to “Hold”

Phillips Edison & Company, Inc. (NASDAQ:PECO) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other analysts have also recently issued reports on PECO. LADENBURG THALM/SH SH started coverage on Phillips Edison & Company, Inc. in a research report on Tuesday, September 9th. They set a “buy” rating and a $40.00 target price for the company. Barclays upped their price target on Phillips Edison & Company, Inc. from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. UBS Group initiated coverage on shares of Phillips Edison & Company, Inc. in a report on Friday, October 17th. They set a “neutral” rating and a $37.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $36.00 target price on the stock. Finally, Mizuho dropped their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and a consensus target price of $38.86.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO stock opened at $34.90 on Friday. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12. The company’s fifty day moving average price is $34.57 and its 200-day moving average price is $34.79. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 52.88, a PEG ratio of 1.49 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, October 23rd. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.44). The firm had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.19 million. Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. Equities research analysts expect 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.

Several large investors have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its holdings in Phillips Edison & Company, Inc. by 11.8% during the 1st quarter. Teacher Retirement System of Texas now owns 36,284 shares of the company’s stock valued at $1,324,000 after buying an additional 3,841 shares during the period. Crossmark Global Holdings Inc. bought a new position in Phillips Edison & Company, Inc. during the first quarter valued at $242,000. Allworth Financial LP increased its position in Phillips Edison & Company, Inc. by 425.0% during the first quarter. Allworth Financial LP now owns 8,510 shares of the company’s stock valued at $300,000 after acquiring an additional 6,889 shares during the last quarter. Xponance Inc. raised its stake in shares of Phillips Edison & Company, Inc. by 5.3% in the first quarter. Xponance Inc. now owns 9,276 shares of the company’s stock valued at $338,000 after acquiring an additional 467 shares during the period. Finally, Edgestream Partners L.P. lifted its holdings in shares of Phillips Edison & Company, Inc. by 86.7% in the 1st quarter. Edgestream Partners L.P. now owns 185,979 shares of the company’s stock worth $6,786,000 after acquiring an additional 86,358 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

About Phillips Edison & Company, Inc.

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.