Phillips Edison & Company Inc (NASDAQ: PECO) is -1.45% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PECO stock was last observed hovering at around $36.22 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $35.95, the stock is -4.25% and -1.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.52 million and changing -0.75% at the moment leaves the stock 3.71% off its SMA200. PECO registered 6.08% gain for a year compared to 6-month gain of 8.28%. The firm has a 50-day simple moving average (SMA 50) of $36.5862 and a 200-day simple moving average (SMA200) of $34.6655.
The stock witnessed a -3.80% loss in the last 1 month and extending the period to 3 months gives it a 6.14%, and is -1.59% 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 1.23% over the week and 1.62% over the month.
Phillips Edison & Company Inc (PECO) has around 290 employees, a market worth around $4.40B and $634.47M in sales. Current P/E ratio is 76.12 and Fwd P/E is 58.53. Profit margin for the company is 9.25%. Distance from 52-week low is 17.41% and -8.00% from its 52-week high. The company has generated returns on investments over the last 12 months (1.32%).
The EPS is expected to grow by 13.42% this year
489.0 institutions hold shares in Phillips Edison & Company Inc (PECO), with institutional investors hold 82.89% of the company’s shares. The shares outstanding are 122.02M, and float is at 121.81M with Short Float at 2.23%. Institutions hold 82.44% 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.
