NASDAQ:PECO

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

$33.85

+0.14 (+0.42%)

(As of 09/8/2022 11:05 AM ET)

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Today's Range: $33.41
▼
$33.93
50-Day Range: $32.67
▼
$35.13
52-Week Range: $28.66
▼
$36.35

Volume: 15,346 shs
Average Volume: 549,371 shs
Market Capitalization: $3.84 billion

P/E Ratio: 116.72
Dividend Yield: 3.29%
Price Target: $34.40

Phillips Edison & Company, Inc. MarketRank™ Forecast

Analyst Rating: Hold
2.17 Rating Score
Upside/Downside: 2.0% Upside
$34.40 Price Target
Short Interest: Bearish
6.28% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.79
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 3.60%
From $2.22 to $2.30 Per Share

Overall MarketRank^™

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

1.67 out of 5 stars

Finance Sector

798th out of 870 stocks

Real Estate Investment Trusts Industry

169th out of 194 stocks

1.1

Analyst's Opinion

Consensus Rating
Phillips Edison & Company, Inc. has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.40, Phillips Edison & Company, Inc. has a forecasted upside of 2.0% from its current price of $33.71.
Amount of Analyst Coverage
Phillips Edison & Company, Inc. has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.28% of the float of Phillips Edison & Company, Inc. has been sold short.
Short Interest Ratio / Days to Cover
Phillips Edison & Company, Inc. has a short interest ratio ("days to cover") of 6.
Change versus previous month
Short interest in Phillips Edison & Company, Inc. has recently decreased by 3.72%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Phillips Edison & Company, Inc. pays a meaningful dividend of 3.29%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Phillips Edison & Company, Inc. does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Phillips Edison & Company, Inc. is 372.41%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Phillips Edison & Company, Inc. will have a dividend payout ratio of 46.96% next year. This indicates that Phillips Edison & Company, Inc. will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PECO.

2.7

News and Social Media Coverage

News Sentiment
Phillips Edison & Company, Inc. has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Phillips Edison & Company, Inc. this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for PECO on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Phillips Edison & Company, Inc. insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.90% of the stock of Phillips Edison & Company, Inc. is held by insiders.
Percentage Held by Institutions
72.52% of the stock of Phillips Edison & Company, Inc. is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Phillips Edison & Company, Inc. are expected to grow by 3.60% in the coming year, from $2.22 to $2.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Phillips Edison & Company, Inc. is 116.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of Phillips Edison & Company, Inc. is 116.24, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 155.42.
Price to Earnings Growth Ratio
Phillips Edison & Company, Inc. has a PEG Ratio of 2.08. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Phillips Edison & Company, Inc. has a P/B Ratio of 1.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Phillips Edison & Company, Inc. (PECO), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States. Through its vertically-integrated operating platform, the Company manages a portfolio of 309 properties, including 283 wholly-owned properties comprising approximately 31.7 million square feet across 31 states (as of September 30, 2020). PECO has generated strong operating results over its 29+ year history and has partnered with leading institutional commercial real estate investors, including TPG Real Estate and The Northwestern Mutual Life Insurance Company. The Company remains exclusively focused on creating great grocery-anchored shopping experiences and improving the communities it serves one center at a time.

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PECO Stock News Headlines

September 7, 2022 | seekingalpha.com

Phillips Edison raises dividend by 3.7% to $0.0933

September 6, 2022 | finance.yahoo.com

Phillips Edison & Company Increases Monthly Distribution Rate by 3.7% to $0.0933 Per Share

August 31, 2022 | americanbankingnews.com

Phillips Edison & Company, Inc. (NASDAQ:PECO) PT Raised to $34.00 at Morgan Stanley

August 22, 2022 | americanbankingnews.com

Phillips Edison & Company, Inc. (NASDAQ:PECO) Receives $33.80 Average Target Price from Brokerages

August 16, 2022 | finance.yahoo.com

Here's Why We Think Phillips Edison (NASDAQ:PECO) Might Deserve Your Attention Today

August 6, 2022 | nasdaq.com

Earnings Beat: Phillips Edison & Company, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

August 6, 2022 | finance.yahoo.com

Phillips Edison & Company, Inc. (PECO) Q2 2022 Earnings Call Transcript

August 5, 2022 | seekingalpha.com

Phillips Edison & Company Inc. (PECO) CEO Jeff Edison on Q2 2022 Results Earnings Call Transcript

August 4, 2022 | finance.yahoo.com

Phillips Edison & Company Reports Second Quarter 2022 Results and Raises Core FFO Guidance

August 4, 2022 | finance.yahoo.com

Phillips Edison & Company Reports Second Quarter 2022 Results and Raises Core FFO Guidance

July 26, 2022 | finance.yahoo.com

Phillips Edison & Company, Inc. (NASDAQ:PECO) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

July 26, 2022 | nasdaq.com

Should You Buy Phillips Edison Stock for Its Monthly Dividend?

July 25, 2022 | finance.yahoo.com

Kitchen United, the Ghost Kitchen and Restaurant Hub Technology Pioneer, Announces $100M Series C Fundraise

July 12, 2022 | nasdaq.com

Ex-Dividend Reminder: Phillips Edison, BlackRock Health Sciences Trust II and American Financial Group

June 15, 2022 | seekingalpha.com

Phillips Edison goes ex-dividend tomorrow

June 3, 2022 | finance.yahoo.com

Agora Realty buys Antelope Marketplace for $33 million

June 3, 2022 | finance.yahoo.com

Phillips Edison & Company to Present at Nareit REITweek: 2022 Investor Conference

May 24, 2022 | finance.yahoo.com

Phillips Edison Receives Green Lease Leaders Gold Recognition

May 23, 2022 | finance.yahoo.com

Phillips Edison & Co. Chairman & CEO Jeff Edison on Sector’s Resilience, Evolution

May 20, 2022 | finance.yahoo.com

Phillips Edison & Company Increases Unsecured Revolver to $800 Million

May 6, 2022 | finance.yahoo.com

Phillips Edison & Company, Inc. (PECO) Q1 2022 Earnings Call Transcript

May 6, 2022 | seekingalpha.com

Phillips Edison & Company's (PECO) CEO Jeff Edison on Q1 2022 Results - Earnings Call Transcript

May 5, 2022 | apnews.com

Phillips Edison & Company Reports First Quarter 2022 Results and Raises Guidance Midpoint

May 5, 2022 | finance.yahoo.com

Phillips Edison & Company Reports First Quarter 2022 Results and Raises Guidance Midpoint

May 4, 2022 | finance.yahoo.com

Investing in Phillips Edison (NASDAQ:PECO) a year ago would have delivered you a 89% gain

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PECO Company Calendar

Last Earnings: 5/05/2022
Today: 9/08/2022
Ex-Dividend for 10/3 Dividend: 9/15/2022
Dividend Payable: 10/03/2022
Ex-Dividend for 11/1 Dividend: 10/14/2022
Dividend Payable: 11/01/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:PECO
CUSIP: N/A
CIK: 1476204
Web: www.phillipsedison.com
Phone: 513-554-1110
Fax: N/A
Employees: 290
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $34.40
High Stock Price Forecast: $35.00
Low Stock Price Forecast: $34.00
Forecasted Upside/Downside: +1.6%
Consensus Rating: Hold
Rating Score (0-4): 2.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.29
Trailing P/E Ratio: 116.72
Forward P/E Ratio: 15.25
P/E Growth: 2.08
Net Income: $15.12 million
Net Margins: 5.96%
Pretax Margin: 6.75%
Return on Equity: 1.31%
Return on Assets: 0.71%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.02
Quick Ratio: 0.02

Sales & Book Value

Annual Sales: $532.85 million
Price / Sales: 7.20
Cash Flow: $2.18 per share
Price / Cash Flow: 15.54
Book Value: $21.87 per share
Price / Book: 1.55

Miscellaneous

Outstanding Shares: 113,400,000
Free Float: 104,441,000
Market Cap: $3.84 billion
Optionable: Not Optionable
Beta: 0.32

Key Executives

Mr. Jeffrey S. Edison (Age 61)
Chairman & CEO
Comp: $3M

Mr. Devin Ignatius Murphy (Age 62)
Pres
Comp: $1.32M

Mr. John P. Caulfield (Age 40)
CFO, Exec. VP & Treasurer
Comp: $764.28k

Mr. Robert F. Myers (Age 49)
Exec. VP & COO
Comp: $1.31M

Ms. Tanya E. Brady J.D. (Age 53)
Exec. VP, Chief Ethics and Compliance Officer, Gen. Counsel & Sec.
Comp: $664.31k

Mr. Jeffrey T. Brown (Age 62)
Chief Accounting Officer

Ms. Jennifer L. Robison (Age 45)
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PECO Stock - Frequently Asked Questions

Should I buy or sell Phillips Edison & Company, Inc. stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Phillips Edison & Company, Inc. in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 2022?: 6 brokerages have issued 1 year price targets for Phillips Edison & Company, Inc.'s shares. Their PECO share price forecasts range from $34.00 to $35.00. On average, they predict the company's stock price to reach $34.40 in the next twelve months. This suggests a possible upside of 2.0% 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 2022?: Phillips Edison & Company, Inc.'s stock was trading at $33.04 at the beginning of 2022. Since then, PECO stock has increased by 2.0% and is now trading at $33.71.
View the best growth stocks for 2022 here.
When is Phillips Edison & Company, Inc.'s next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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 analysts' consensus estimates of $0.50 by $0.41. Phillips Edison & Company, Inc. had a trailing twelve-month return on equity of 1.31% and a net margin of 5.96%.
How often does Phillips Edison & Company, Inc. pay dividends? What is the dividend yield for Phillips Edison & Company, Inc.?: Phillips Edison & Company, Inc. declared a monthly dividend on Wednesday, September 7th. Investors of record on Monday, October 17th will be paid a dividend of $0.0933 per share on Tuesday, November 1st. This represents a $1.12 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, October 14th. This is a boost from the stock's previous monthly dividend of $0.09.
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 $1.08 per share and currently has a dividend yield of 3.29%. The dividend payout ratio is 372.41%. 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 46.96% 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 2022 earnings guidance on Thursday, September, 1st. The company provided earnings per share guidance of $0.34-$0.40 for the period. The company issued revenue guidance of -.
When did Phillips Edison & Company, Inc. IPO?: (PECO) raised $502 million in an initial public offering on Friday, July 16th 2021. The company issued 17,000,000 shares at $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 investors include FMR LLC (5.18%), Massachusetts Financial Services Co. MA (4.93%), State Street Corp (3.95%), Northern Trust Corp (1.14%), First Foundation Advisors (1.11%) and Cetera Advisors LLC (0.75%).
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 $33.71.
How much money does Phillips Edison & Company, Inc. make?: Phillips Edison & Company, Inc. (NASDAQ:PECO) has a market capitalization of $3.82 billion and generates $532.85 million in revenue each year. The company earns $15.12 million in net income (profit) each year or $0.29 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 9/8/2022 by MarketBeat.com Staff

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

Phillips Edison & Company, Inc. MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month