Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock Rating Upgraded by Wall Street Zen

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

A number of other research firms also recently weighed in on PECO. Mizuho lowered their price target on Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. Barclays reduced their price objective on Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Phillips Edison & Company, Inc. has an average rating of “Hold” and an average target price of $38.33.

Phillips Edison & Company, Inc. Price Performance

PECO stock opened at $36.15 on Friday. The firm has a 50 day simple moving average of $34.53 and a two-hundred day simple moving average of $35.14. The stock has a market cap of $4.54 billion, a PE ratio of 65.73, a P/E/G ratio of 1.23 and a beta of 0.55. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The firm had revenue of $173.47 million for the quarter, compared to analysts’ expectations of $174.38 million. During the same quarter last year, the company posted $0.59 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 31.3% in the 2nd quarter. Osaic Holdings Inc. now owns 270,642 shares of the company’s stock valued at $9,521,000 after acquiring an additional 64,465 shares during the last quarter. Beacon Capital Management Inc. purchased a new position in Phillips Edison & Company, Inc. in the 2nd quarter worth approximately $106,000. FSC Wealth Advisors LLC lifted its position in Phillips Edison & Company, Inc. by 40.1% in the second quarter. FSC Wealth Advisors LLC now owns 3,493 shares of the company’s stock valued at $122,000 after purchasing an additional 1,000 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Phillips Edison & Company, Inc. by 14.5% during the second quarter. Orion Porfolio Solutions LLC now owns 33,642 shares of the company’s stock valued at $1,178,000 after purchasing an additional 4,250 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of Phillips Edison & Company, Inc. by 46.9% during the second quarter. Squarepoint Ops LLC now owns 45,290 shares of the company’s stock valued at $1,587,000 after purchasing an additional 14,451 shares during the period. Hedge funds and other 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.