The price of Phillips Edison & Company Inc (NASDAQ:PECO) shares last traded on Wall Street rose 0.65% to $35.45.
Based on available information, 10 analysts follow Phillips Edison & Company Inc (NASDAQ:PECO). The consensus rating among analysts is ‘Hold’. PECO stock price is now 3.82% away from the 50-day moving average and 7.15% away from the 200-day moving average. The market capitalization of the company currently stands at $4.24B.
Among analysts, 7 rate the stock a hold while 2 rate it a buy.
With the price target maintained at $35, Wells Fargo recently Downgraded its rating from Equal Weight to Underweight for Phillips Edison & Company Inc (NASDAQ: PECO).
In other news, CHAO LESLIE T, Director bought 10,000 shares of the company’s stock on May 16. The stock was bought for $291,800 at an average price of $29.18. Upon completion of the transaction, the Director now directly owns 45,426 shares in the company, valued at $1.61 million. Insiders disposed of 10,536 shares of company stock worth roughly $0.37 million over the past 1 year. A total of 0.62% of the company’s stock is owned by insiders.
A candlestick chart of Phillips Edison & Company Inc (NASDAQ: PECO) showed a price of $35.54 on Wednesday morning. During the past 12 months, Phillips Edison & Company Inc has had a low of $27.85 and a high of $36.46. According to the stock market information, the enterprise value for the company is $6.18B, which is based on a 73.20 price-to-earnings ratio, a 7.96 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for PECO is $34.14 and a two-hundred day moving average price translates $33.08 for the stock.
The latest earnings results from Phillips Edison & Company Inc (NASDAQ: PECO) was released for Sep, 2023. According to the REIT – Retail Company, earnings per share came in at $0.1, missing analysts’ expectations of $0.11 by -0.01. This compares to $0.09 EPS in the same period last year. The net profit margin was 9.43% and return on equity was 2.53% for PECO. The company reported revenue of $152.47 million for the quarter, compared to $145.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.68 percent. For the current quarter, analysts expect PECO to generate $153.93M in revenue.
Phillips Edison & Company Inc(PECO) Company Profile
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 September 30, 2023, PECO managed 295 shopping centers, including 275 wholly-owned centers comprising 31.4 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.
