Phillips Edison & Company, Inc. (PECO)

NASDAQ: PECO · IEX Real-Time Price · USD
31.43
-0.10 (-0.32%)
At close: May 24, 2024, 4:00 PM
31.00
-0.43 (-1.37%)
After-hours: May 24, 2024, 4:02 PM EDT
-0.32%
Market Cap 3.85B
Revenue (ttm) 620.36M
Net Income (ttm) 57.90M
Shares Out 122.40M
EPS (ttm) 0.47
PE Ratio 66.87
Forward PE 56.15
Dividend $1.17 (3.72%)
Ex-Dividend Date Jul 15, 2024
Volume 664,543
Open 31.69
Previous Close 31.53
Day's Range 31.43 - 31.43
52-Week Range 27.96 - 37.92
Beta 0.32
Analysts Buy
Price Target 37.00 (+17.72%)
Earnings Date Apr 25, 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, PECO'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 $37.0, which is an increase of 17.72% from the latest price.

Price Target
$37.0
(17.72% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 5.750% Senior Unsecured Notes Due 2034

CINCINNATI, May 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 neighborhood...

19 days ago - GlobeNewsWire

Phillips Edison & Company Declares Monthly Dividend Distributions; Announces Results of Annual Meeting of Stockholders

CINCINNATI, April 30, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping cente...

27 days ago - GlobeNewsWire

Phillips Edison & Company Reports First Quarter 2024 Results and Affirms Full Year Earnings Guidance

CINCINNATI, April 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 neighborho...

4 weeks ago - GlobeNewsWire

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

CINCINNATI, March 27, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping cente...

2 months ago - GlobeNewsWire

Moody's Upgrades Phillips Edison & Company's Rating Outlook to ‘Positive' from ‘Stable'

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

2 months ago - GlobeNewsWire

Phillips Edison & Company to Present at Citi's 2024 Global Property CEO Conference

CINCINNATI, Feb. 26, 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 & Company Declares Monthly Dividend Distributions

CINCINNATI, Feb. 21, 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...

3 months ago - GlobeNewsWire

Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on February 29

CINCINNATI, Feb. 21, 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 & Company Reports Fourth Quarter and Full Year 2023 Results; Increases 2024 Guidance

CINCINNATI, Feb. 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 & Company Announces Tax Reporting Information for 2023 Dividend Distributions

CINCINNATI, Jan. 17, 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 Announces Execution of Interest Rate Swap

CINCINNATI, Jan. 16, 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

S&P Upgrades Phillips Edison & Company's Rating Outlook to ‘Positive' from ‘Stable'

CINCINNATI, Jan. 11, 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 Inc. Invites You to Join Its Fourth Quarter and Full Year 2023 Earnings Conference Call

CINCINNATI, Jan. 08, 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 Host Investment Community Day

CINCINNATI, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

6 months ago - GlobeNewsWire

Phillips Edison & Company Reports Third Quarter 2023 Results and Updates Full Year Earnings Guidance

CINCINNATI, Oct. 31, 2023 (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...

7 months ago - GlobeNewsWire

Phillips Edison & Company Announces Devin Murphy to Step Down as President; Bob Myers Promoted to President; Joe Schlosser Promoted to Chief Operating Officer

CINCINNATI, Oct. 31, 2023 (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...

7 months ago - GlobeNewsWire

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

CINCINNATI, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

7 months ago - GlobeNewsWire

Phillips Edison & Company Announces Sponsorship with The SCORE Foundation

Builds on Its Support of Local Neighbors with Free Resources to Drive Small Business Success Builds on Its Support of Local Neighbors with Free Resources to Drive Small Business Success

8 months ago - GlobeNewsWire

Phillips Edison & Company Inc. Invites You to Join Its Third Quarter 2023 Earnings Conference Call

CINCINNATI, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

8 months ago - GlobeNewsWire

Phillips Edison & Company Announces Appointment of Anthony “Tony” Terry to Board of Directors

CINCINNATI, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored neighborho...

8 months ago - GlobeNewsWire

Phillips Edison & Company Increases Monthly Dividend Distribution by 4.5% to $0.0975 Per Common Share

CINCINNATI, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of omni-channel grocery-anchored neighborhood s...

9 months ago - GlobeNewsWire

Phillips Edison & Company Acquires Lake Pointe Market

CINNCINATI, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”),  one of the nation's largest owners and operators of omni-channel grocery-anchor...

9 months ago - GlobeNewsWire

Phillips Edison & Company to Present at BofA Securities 2023 Global Real Estate Conference

CINCINNATI, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of omni-channel grocery-anchored neighborhood sh...

9 months ago - GlobeNewsWire

Phillips Edison & Company Declares Monthly Dividend Distribution

CINCINNATI, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood sh...

10 months ago - GlobeNewsWire

Phillips Edison & Company Reports Second Quarter 2023 Results and Raises Full Year Earnings Guidance

CINCINNATI, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channe...

10 months ago - GlobeNewsWire