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

Company Overview

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.

Key Stats

• Today's Range: $38.85 to $39.11
• 50-Day Range: $35.95 to $39.43
• 52-Week Range: $30.62 to $39.83
• Volume: 434,613 shs
• Average Volume: 665,328 shs
• Market Capitalization: $4.77 billion
• P/E Ratio: 84.61
• Dividend Yield: 3.16%
• Price Target: $38.43
• Consensus Rating: Hold

Phillips Edison & Company, Inc. Stock Analysis - MarketRank™

Phillips Edison & Company, Inc. scored higher than 49% of companies evaluated by MarketBeat, and ranked 636th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Phillips Edison & Company, Inc. has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Phillips Edison & Company, Inc. has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 5.37%

Earnings Growth

Earnings for Phillips Edison & Company, Inc. are expected to grow by 5.37% in the coming year, from $2.42 to $2.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Phillips Edison & Company, Inc. is 84.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Phillips Edison & Company, Inc. is 84.61, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Earnings Growth Ratio

Phillips Edison & Company, Inc. has a PEG Ratio of 3.58. 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 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.88% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Phillips Edison & Company, Inc. has recently decreased by 27.76%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Phillips Edison & Company, Inc. pays a meaningful dividend of 3.15%, 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 267.39%. 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 48.24% next year. This indicates that Phillips Edison & Company, Inc. will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.88% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Phillips Edison & Company, Inc. has recently decreased by 27.76%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.12

News Sentiment

Phillips Edison & Company, Inc. has a news sentiment score of 1.12. 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 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Phillips Edison & Company, Inc. this week, compared to 4 articles on an average week.

Search Interest

3 people have searched for PECO on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 7.85% of the stock of Phillips Edison & Company, Inc. is held by insiders.

Percentage Held by Institutions

80.70% 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.

PECO Stock Analysis - Frequently Asked Questions

How have PECO shares performed this year?

Phillips Edison & Company, Inc.'s stock was trading at $36.48 on January 1st, 2024. Since then, PECO stock has increased by 6.7% and is now trading at $38.92.
View the best growth stocks for 2024 here.

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

Phillips Edison & Company, Inc. (NASDAQ:PECO) issued its quarterly earnings data on Thursday, October, 24th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by $0.52. The company's quarterly revenue was up 8.5% on a year-over-year basis.

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 $28.00-$31.00 per share.

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

Phillips Edison & Company, Inc.'s top institutional shareholders include Wellington Management Group LLP (6.02%), State Street Corp (5.77%), Geode Capital Management LLC (2.60%) and FMR LLC (2.15%). 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.

What other stocks do shareholders of Phillips Edison & Company, Inc. own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Phillips Edison & Company, Inc. investors own include Meta Platforms (META), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Tesla (TSLA), Home Depot (HD), Netflix (NFLX) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 10/24/2024
• Ex-Dividend for 12/3 Dividend: 11/15/2024
• Today: 11/21/2024
• Dividend Payable: 12/03/2024
• Ex-Dividend for 1/3 Dividend: 12/16/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/03/2025
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• 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 Target: $38.43
• High Stock Price Target: $44.00
• Low Stock Price Target: $36.00
• Potential Upside/Downside: -1.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.46
• Trailing P/E Ratio: 84.61
• Forward P/E Ratio: 16.08
• P/E Growth: 3.58
• Net Income: $56.85 million
• Net Margins: 9.03%
• Pretax Margin: 10.07%
• Return on Equity: 2.22%
• Return on Assets: 1.18%

Debt

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

Sales & Book Value

• Annual Sales: $642.79 million
• Price / Sales: 7.42
• Cash Flow: $2.41 per share
• Price / Cash Flow: 16.12
• Book Value: $21.75 per share
• Price / Book: 1.79

Miscellaneous

• Outstanding Shares: 122,600,000
• Free Float: 112,976,000
• Market Cap: $4.77 billion
• Optionable: Optionable
• Beta: 0.57