In a report released today, Todd Thomas from KeyBanc reiterated a Hold rating on Phillips Edison & Company (PECO – Research Report). The company’s shares closed last Friday at $33.58.
According to TipRanks, Thomas is a 4-star analyst with an average return of 8.5% and a 53.79% success rate. Thomas covers the Real Estate sector, focusing on stocks such as Plymouth Industrial Reit, NETSTREIT, and SITE Centers.
Currently, the analyst consensus on Phillips Edison & Company is a Hold with an average price target of $37.00, a 10.18% upside from current levels. In a report released on October 31, BMO Capital also maintained a Hold rating on the stock with a $36.00 price target.
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Based on Phillips Edison & Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $152.47 million and a net profit of $12.25 million. In comparison, last year the company earned a revenue of $145.65 million and had a net profit of $11.04 million
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Phillips Edison & Company (PECO) Company Description:
Phillips Edison & Co Inc is a real estate investment trust. It invests primarily in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on market leading expertise designed to optimize property value and consistently deliver a great shopping experience.
Read More on PECO:
- Phillips Edison management to meet with KeyBanc
- Phillips Edison & Company Declares Monthly Dividend Distributions
- Phillips Edison narrows FY23 core FFO view to $2.31-$2.35 from $2.30-$2.36
- Phillips Edison & Company Reports Third Quarter 2023 Results and Updates Full Year Earnings Guidance
- Phillips Edison reports Q3 core FFO 58c , consensus 58c
