Fintel reports that on September 18, 2023, Mizuho maintained coverage of Phillips Edison & Company Inc - (NASDAQ:PECO) with a Neutral recommendation.
Analyst Price Forecast Suggests 10.76% Upside
As of August 31, 2023, the average one-year price target for Phillips Edison & Company Inc - is 38.47. The forecasts range from a low of 35.35 to a high of $46.20. The average price target represents an increase of 10.76% from its latest reported closing price of 34.73.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Phillips Edison & Company Inc - is 594MM, a decrease of 0.00%. The projected annual non-GAAP EPS is 0.40.
What is the Fund Sentiment?
There are 634 funds or institutions reporting positions in Phillips Edison & Company Inc -. This is an increase of 51 owner(s) or 8.75% in the last quarter. Average portfolio weight of all funds dedicated to PECO is 0.19%, a decrease of 5.22%. Total shares owned by institutions increased in the last three months by 18.19% to 111,726K shares. 
The put/call ratio of PECO is 0.07, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 9,222K shares representing 7.85% ownership of the company. In it's prior filing, the firm reported owning 9,050K shares, representing an increase of 1.87%. The firm increased its portfolio allocation in PECO by 1.59% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 8,226K shares representing 7.00% ownership of the company.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 5,145K shares representing 4.38% ownership of the company. In it's prior filing, the firm reported owning 5,205K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in PECO by 3.06% over the last quarter.
Massachusetts Financial Services holds 5,108K shares representing 4.35% ownership of the company. In it's prior filing, the firm reported owning 5,926K shares, representing a decrease of 16.01%. The firm decreased its portfolio allocation in PECO by 13.27% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,654K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 3,621K shares, representing an increase of 0.90%. The firm decreased its portfolio allocation in PECO by 2.73% over the last quarter.
Phillips Edison Background Information
(This description is provided by the company.)
Phillips Edison & Company, Inc. (“PECO”), an internally-managed REIT, is one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers. As of March 31, 2021, PECO owned equity interests in 300 real estate properties, including 278 wholly-owned real estate properties and 22 shopping center properties owned through two unconsolidated joint ventures with institutional partners.
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