NASDAQ:PECO

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

$33.08
+0.01 (+0.03%)
(As of 05/3/2024 ET)
Today's Range
$32.87
$33.60
50-Day Range
$32.02
$36.33
52-Week Range
$27.85
$37.92
Volume
689,044 shs
Average Volume
568,711 shs
Market Capitalization
$4.04 billion
P/E Ratio
71.91
Dividend Yield
3.54%
Price Target
$38.14

Phillips Edison & Company, Inc. MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
15.3% Upside
$38.14 Price Target
Short Interest
Bearish
2.83% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Phillips Edison & Company, Inc. in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.58%
From $2.40 to $2.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.16 out of 5 stars

Finance Sector

638th out of 874 stocks

Real Estate Investment Trusts Industry

129th out of 181 stocks

PECO stock logo

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

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 December 31, 2023, PECO managed 301 shopping centers, including 281 wholly-owned centers comprising 32.2 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 Stock Price History

PECO Stock News Headlines

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Q1 2024 Phillips Edison & Co Inc Earnings Call
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Mizuho Upgrades Phillips Edison (PECO)
See More Headlines
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Company Calendar

Last Earnings
5/05/2022
Today
5/05/2024
Ex-Dividend for 6/4 Dividend
5/14/2024
Dividend Payable
6/04/2024
Ex-Dividend for 7/2 Dividend
6/17/2024
Dividend Payable
7/02/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Current Symbol
NASDAQ:PECO
Fax
N/A
Employees
290
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$38.14
High Stock Price Target
$44.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+15.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$56.85 million
Pretax Margin
10.44%

Debt

Sales & Book Value

Annual Sales
$610.12 million
Cash Flow
$2.42 per share
Book Value
$21.58 per share

Miscellaneous

Free Float
112,485,000
Market Cap
$4.04 billion
Optionable
Optionable
Beta
0.59
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Key Executives

  • Mr. Jeffrey S. Edison (Age 63)
    Chairman & CEO
    Comp: $2.97M
  • Mr. Robert F. Myers (Age 50)
    President
    Comp: $1.29M
  • Mr. John P. Caulfield (Age 42)
    CFO, Executive VP & Treasurer
    Comp: $795.43k
  • Mr. Devin Ignatius Murphy (Age 64)
    Managing Director of Investment Management
    Comp: $1.24M
  • Ms. Tanya E. Brady J.D. (Age 55)
    Executive VP, General Counsel & Secretary
    Comp: $674.33k
  • Mr. Joseph G. Schlosser
    Executive VP & COO
  • Ms. Jennifer L. Robison (Age 47)
    Senior VP & Chief Accounting Officer
  • Mr. Kevin J. McCann
    Chief Information Officer
  • Kim Green
    Vice President of Investor Relations
  • Ms. Cherilyn K. Megill CMD
    CRX, Senior VP & Chief Marketing Officer

PECO Stock Analysis - Frequently Asked Questions

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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Phillips Edison & Company, Inc. in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 3 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 target for 2024?

8 Wall Street research analysts have issued 12 month price objectives for Phillips Edison & Company, Inc.'s shares. Their PECO share price targets range from $32.00 to $44.00. On average, they expect the company's stock price to reach $38.14 in the next year. This suggests a possible upside of 15.3% 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 2024?

Phillips Edison & Company, Inc.'s stock was trading at $36.48 at the beginning of the year. Since then, PECO stock has decreased by 9.3% and is now trading at $33.08.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our PECO earnings forecast
.

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

Phillips Edison & Company, Inc. (NASDAQ:PECO) posted 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 net margin of 9.33% and a trailing twelve-month return on equity of 2.21%.

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 Friday, May 3rd. Investors of record on Monday, July 15th will be given a dividend of $0.0975 per share on Thursday, August 1st. This represents a $1.17 annualized dividend and a yield of 3.54%. The ex-dividend date is Monday, July 15th.
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 3.54%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. 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 46.61% 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 2024 earnings guidance on Thursday, April, 25th. The company provided earnings per share guidance of 0.510-0.550 for the period, compared to the consensus earnings per share estimate of 0.530. The company issued revenue guidance of -.

When did Phillips Edison & Company, Inc. IPO?

Phillips Edison & Company, Inc. (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.

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

Phillips Edison & Company, Inc.'s stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (0.52%), Cambridge Investment Research Advisors Inc. (0.43%), Commonwealth Equity Services LLC (0.19%), McAdam LLC (0.14%), Sumitomo Mitsui Trust Holdings Inc. (0.11%) and State of Alaska Department of Revenue (0.11%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PECO) was last updated on 5/5/2024 by MarketBeat.com Staff

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