Phillips Edison & Company Inc (NASDAQ: PECO) is 0.60% higher on its value in year-to-date trading and has touched a low of $30.62 and a high of $39.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PECO stock was last observed hovering at around $37.59 in the last trading session, with the day’s loss setting it -0.89%.
Currently trading at $36.70, the stock is -3.29% and 0.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -2.37% at the moment leaves the stock 5.80% off its SMA200. PECO registered 11.38% gain for a year compared to 6-month gain of 7.15%. The firm has a 50-day simple moving average (SMA 50) of $36.378 and a 200-day simple moving average (SMA200) of $34.686.
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The stock witnessed a -0.30% loss in the last 1 month and extending the period to 3 months gives it a 11.96%, and is -3.78% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.04% over the week and 1.84% over the month.
Phillips Edison & Company Inc (PECO) has around 290 employees, a market worth around $4.50B and $634.47M in sales. Current P/E ratio is 77.70 and Fwd P/E is 59.75. Profit margin for the company is 9.25%. Distance from 52-week low is 19.86% and -6.08% from its 52-week high. The company has generated returns on investments over the last 12 months (1.32%).
Phillips Edison & Company Inc quarterly earnings per share for the current quarter are estimated at 0.14 with sales reaching $162.94M over the same period.The EPS is expected to grow by 13.42% this year, but quarterly earnings will post 6.80% year-over-year. Quarterly sales are estimated to grow 6.90% in year-over-year returns.
487.0 institutions hold shares in Phillips Edison & Company Inc (PECO), with institutional investors hold 82.85% of the company’s shares. The shares outstanding are 122.02M, and float is at 121.81M with Short Float at 3.52%. Institutions hold 82.40% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 21.41 million shares valued at $700.46 million. The investor’s holdings represent 17.5209 of the PECO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 19.23 million shares valued at $629.01 million to account for 15.7337 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 7.68 million shares representing 6.2796 and valued at over $251.05 million, while STATE STREET CORP holds 5.7684 of the shares totaling 7.05 million with a market value of $231.29 million.
