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Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. Stock Forecast & Price Prediction

Live Phillips Edison & Company, Inc. Stock (PECO) Price
$39.02

11

Ratings

  • Buy 5
  • Hold 6
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$39.02

P/E Ratio

83.40

Volume Traded Today

$715,423

Dividend

$0.1025

52 Week High/low

40.12/30.62

Phillips Edison & Company, Inc. Market Cap

$5.34B

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PECO Summary

The Phillips Edison & Company, Inc. (PECO) share price is expected to increase by 3.28% over the next year. This is based on calculating the average 12-month share price estimate provided by 11 stock analysts who have covered PECO. Price targets range from $35 at the low end to $46 at the high end. The current analyst consensus for PECO is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

PECO Analyst Ratings

About 11 Wall Street analysts have assigned PECO 5 buy ratings, 6 hold ratings, and 0 sell ratings. This means that analysts expect Phillips Edison & Company, Inc. to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PECO. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

PECO stock forecast by analyst

These are the latest 20 analyst ratings of PECO.

Analyst/Firm

Rating

Price Target

Change

Date

Andrew Rosivach
Wolfe Research

Outperform


Upgrade

Nov 13, 2024
Floris Van Dijkum
Compass Point

Neutral

$37

Maintains

Sep 10, 2024
Tammi Fique
Wells Fargo

Equal-Weight

$37

Upgrade

Aug 28, 2024
Haendel St. Juste
Mizuho

Outperform

$36

Maintains

Aug 19, 2024
Omotayo Okusanya
Deutsche Bank

Buy

$38

Maintains

May 29, 2024
Tammi Fique
Wells Fargo

Underweight

$34

Maintains

May 28, 2024
Haendel St. Juste
Mizuho

Buy

$33

Maintains

May 23, 2024
Floris Van Dijkum
Compass Point

Neutral

$36

Maintains

Apr 29, 2024
Haendel St. Juste
Mizuho

Buy

$37

Upgrade

Feb 23, 2024
Michael Mueller
JP Morgan

Neutral

$37

Maintains

Feb 14, 2024
Juan Sanabria
BMO Capital

Market Perform

$40

Maintains

Dec 15, 2023
Haendel St. Juste
Mizuho

Neutral

$35

Maintains

Dec 1, 2023
Tammi Fique
Wells Fargo

Underweight

$32

Maintains

Nov 13, 2023
Tammi Fique
Wells Fargo

Underweight

$35

Downgrade

Sep 20, 2023
Haendel St. Juste
Mizuho

Neutral

$36

Maintains

Sep 18, 2023

Goldman Sachs

Buy


Maintains

Aug 8, 2023
Haendel St. Juste
Mizuho

Neutral

$35

Maintains

Jul 20, 2023
Andrew Rosivach
Wolfe Research

Peer Perform


Downgrade

Jul 6, 2023

Goldman Sachs

Buy


Maintains

Jun 13, 2023
Haendel St. Juste
Mizuho

Neutral

$30

Maintains

May 25, 2023

PECO Company Information

What They Do: Operates grocery-anchored shopping centers nationwide.

Business Model: The company generates revenue by owning and managing a portfolio of grocery-anchored shopping centers that feature a mix of national and regional retailers. Its vertically-integrated operating platform allows for efficient management and leasing of its properties, ensuring high occupancy rates and stable cash flows.

Other Information: As of December 31, 2023, the company manages 301 shopping centers, including 281 wholly-owned centers totaling 32.2 million square feet across 31 states. Its strong grocery anchors such as Kroger and Publix cater to necessity-based shopping, positioning PECO in fundamentally strong markets. The company's focus on enhancing community shopping experiences contributes to its long-term growth strategy.
PECO
Phillips Edison & Company, Inc. (PECO)

When did it IPO

2021

Staff Count

290

Country

United States

Sector/Industry

Real Estate/REIT - Retail

CEO

Mr. Jeffrey S. Edison

Market Cap

$5.34B

Phillips Edison & Company, Inc. (PECO) Financial Data

In 2023, PECO generated $610.1M in revenue, which was a increase of 6.04% from the previous year. This can be seen as a signal that PECO's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$498.0M

Revenue From 2021

$532.8M

6.99 %
From Previous Year

Revenue From 2022

$575.4M

7.98 %
From Previous Year

Revenue From 2023

$610.1M

6.04 %
From Previous Year
  • Revenue TTM $642.8M
  • Operating Margin TTM 23.6%
  • Gross profit TTM $435.0M
  • Return on assets TTM 2.1%
  • Return on equity TTM 2.5%
  • Profit Margin 9.0%
  • Book Value Per Share 18.34%
  • Market capitalisation $5.34B
  • Revenue for 2021 $532.8M
  • Revenue for 2022 $575.4M
  • Revenue for 2023 $610.1M
  • EPS this year (TTM) $0.47

Phillips Edison & Company, Inc. (PECO) Latest News

News Image

Wed, 13 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - PECO has achieved over 21% total returns since November 2023, with a forward yield of 3.12% and a P/FFO of 16.31x, prompting a comparison with peers KIM, REG, and FRT.

Why It Matters - PECO's strong returns and yield indicate potential growth, while its P/FFO multiple suggests a valuation analysis is needed to assess competitiveness against KIM, REG, and FRT.

News Image

Mon, 04 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Phillips Edison & Company (Nasdaq: PECO) will hold a virtual Business Update on December 19, 2024, at 11:30 a.m. ET. The event will be webcast only.

Why It Matters - The virtual Business Update by Phillips Edison may reveal key financial insights and strategic plans, impacting investor sentiment and stock performance.

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Phillips Edison & Company declared a monthly dividend of $0.1025 per share, payable from December 2024 to March 2025, to stockholders of record on specified dates.

Why It Matters - Phillips Edison & Company's declaration of a monthly dividend signals financial stability and consistent cash flow, attracting income-focused investors and potentially boosting stock demand.

News Image

Fri, 25 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Phillips Edison & Company, Inc. (NASDAQ: PECO) will hold its Q3 2024 earnings conference call on October 25, 2024, at 12:00 PM ET, featuring key executives and analysts from various firms.

Why It Matters - Earnings calls provide insights into a company's financial health, operational performance, and strategic direction, influencing investor sentiment and potential stock valuation.

News Image

Thu, 24 Oct 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Phillips Edison & Company reported Q3 2024 net income of $11.6M ($0.09/share) and nine-month net income of $44.5M ($0.36/share). Full year 2024 earnings guidance updated.

Why It Matters - Phillips Edison & Company’s financial results and updated earnings guidance signal performance trends that can affect stock valuation and investor sentiment in the retail real estate sector.

News Image

Thu, 24 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Phillips Edison & Company (PECO) released its quarterly performance metrics for Q3 2024, which investors should compare against Wall Street estimates and prior year figures.

Why It Matters - Comparing Phillips Edison & Company's quarterly performance to Wall Street estimates and previous year results helps assess growth, profitability, and market expectations, influencing investment decisions.

...

PECO Frequently asked questions

The highest forecasted price for PECO is $46 from at .

The lowest forecasted price for PECO is $35 from Vikram Malhotra from Mizuho

The PECO analyst ratings consensus are 5 buy ratings, 6 hold ratings, and 0 sell ratings.