Phillips Edison & Company, Inc. (PECO)

NASDAQ: PECO · Real-Time Price · USD
38.92
-0.33 (-0.84%)
At close: Nov 20, 2024, 4:00 PM
38.00
-0.92 (-2.36%)
Pre-market: Nov 21, 2024, 4:57 AM EST
-0.84%
Market Cap 5.30B
Revenue (ttm) 642.79M
Net Income (ttm) 58.08M
Shares Out 136.25M
EPS (ttm) 0.48
PE Ratio 81.84
Forward PE 68.32
Dividend $1.23 (3.16%)
Ex-Dividend Date Feb 18, 2025
Volume 409,201
Open 39.02
Previous Close 39.25
Day's Range 38.85 - 39.09
52-Week Range 30.62 - 39.83
Beta 0.33
Analysts Buy
Price Target 37.50 (-3.65%)
Earnings Date Oct 24, 2024

About 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 D... [Read more]

Industry REIT - Retail
Sector Real Estate
IPO Date Jul 15, 2021
Employees 290
Stock Exchange NASDAQ
Ticker Symbol PECO
Full Company Profile

Financial Performance

In 2023, Phillips Edison & Company's revenue was $610.12 million, an increase of 6.04% compared to the previous year's $575.37 million. Earnings were $56.85 million, an increase of 17.64%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for PECO stock is "Buy." The 12-month stock price forecast is $37.5, which is a decrease of -3.65% from the latest price.

Price Target
$37.5
(-3.65% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Phillips Edison & Co: Defensive Shopping Center REIT

PECO has delivered over 21% total returns since November 2023, with a current forward yield of 3.12% and a P/FFO multiple of 16.31x. Looking at PECO stock, I question the relative valuation compared t...

7 days ago - Seeking Alpha

Phillips Edison & Company to Host Virtual Business Update

CINCINNATI, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchor...

16 days ago - GlobeNewsWire

Phillips Edison & Company Declares Monthly Dividend Distribution

CINCINNATI , Oct. 30, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-ancho...

21 days ago - GlobeNewsWire

Phillips Edison & Company, Inc. (PECO) Q3 2024 Earnings Call Transcript

Phillips Edison & Company, Inc. (NASDAQ:PECO) Q3 2024 Earnings Conference Call October 25, 2024 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President Jo...

26 days ago - Seeking Alpha

Phillips Edison & Company Reports Third Quarter 2024 Results and Updates Full Year Earnings Guidance

CINCINNATI, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality grocery-anchore...

27 days ago - GlobeNewsWire

The State Of REITs: October 2024 Edition

REITs achieved their 5th straight month in the black with a +3.09% average total return in September and +9.61% year to date. Mid-cap (+5.01%), large cap (+3.41%) and small cap REITs (+2.59%) averaged...

4 weeks ago - Seeking Alpha

Phillips Edison & Company Inc. Invites You to Join Its Third Quarter 2024 Earnings Conference Call

CINCINNATI, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-ancho...

2 months ago - GlobeNewsWire

Phillips Edison: A High-Quality REIT At A High Valuation

PECO has a well-diversified retail portfolio consisting of primarily grocery-anchored assets. The majority of its tenants operate at a nation/region-wide scale. Though the favorable market dynamics ha...

2 months ago - Seeking Alpha

Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on September 18

CINCINNATI, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-ancho...

2 months ago - GlobeNewsWire

Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 4.950% Senior Unsecured Notes Due 2035

CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-ancho...

2 months ago - GlobeNewsWire

Shopping Center REITs Are Hot: Pick A Winner

The current environment is favorable for REITs, with normalized prices, falling Treasury yields, and expected prime rate cuts. Shopping Center REITs offer above-average yields (3.88%) and superior gro...

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2 months ago - Seeking Alpha

Phillips Edison & Company Upgraded by Moody's to ‘Baa2' with Stable Outlook

CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-ancho...

2 months ago - GlobeNewsWire

Phillips Edison & Company Increases Monthly Dividend Distribution by 5.1% to $0.1025 Per Common Share

CINCINNATI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-ancho...

2 months ago - GlobeNewsWire

Phillips Edison & Company to Present at BofA Securities 2024 Global Real Estate Conference

CINCINNATI, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood s...

2 months ago - GlobeNewsWire

Phillips Edison & Company Upgraded by S&P to ‘BBB' with Stable Outlook

CINCINNATI, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored neighborhoo...

3 months ago - GlobeNewsWire

Phillips Edison Q2 Earnings: Slow And Steady Wins The Race

Grocery anchored retail has emerged as a top-performing asset class over the past three years, benefiting from increased traffic through a return to the grocery store. Phillips Edison & Company is an ...

4 months ago - Seeking Alpha

6 Stocks I'm Buying Amid A Major Market Rotation

American consumers' savings and spending patterns, illustrated through charts, showing a shift towards credit card debt and rising delinquency rates. Market rotation towards the real estate sector, wi...

4 months ago - Seeking Alpha

Phillips Edison & Company, Inc. (PECO) Q2 2024 Earnings Call Transcript

Phillips Edison & Company, Inc. (NASDAQ:PECO) Q2 2024 Earnings Conference Call July 26, 2024 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John ...

4 months ago - Seeking Alpha

Phillips Edison & Company Reports Second Quarter 2024 Results and Reaffirms Full Year Earnings Guidance

CINCINNATI, July 25, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored neighborhoo...

4 months ago - GlobeNewsWire

Phillips Edison & Company Acquires Grocery-Anchored Shopping Center in Partnership with Cohen & Steers Income Opportunities REIT, Inc.

CINCINNATI, July 25, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

4 months ago - GlobeNewsWire

Phillips Edison & Company Wins Top AI Award at Realcomm Conference

CINCINNATI, July 15, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

4 months ago - GlobeNewsWire

Phillips Edison & Company Announces Appointment of Devin Murphy to Board of Directors

CINCINNATI, July 01, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored neighborhoo...

5 months ago - GlobeNewsWire

Phillips Edison & Company Inc. Invites You to Join Its Second Quarter 2024 Earnings Conference Call

CINCINNATI, June 17, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

5 months ago - GlobeNewsWire

Phillips Edison & Company to Present at Nareit REITweek 2024 Investor Conference

CINCINNATI, May 29, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers...

6 months ago - GlobeNewsWire

The Shopping Center Golden Age Has Longevity

Shopping centers have experienced a lack of development in the last 15 years, leading to full occupancy. The feedback mechanisms that usually regulate real estate cycles may not work in shopping cente...

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6 months ago - Seeking Alpha