Phillips Edison & Company Inc (NASDAQ: PECO) is -0.35% lower on its value in year-to-date trading and has touched a low of $30.62 and a high of $40.12 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 $36.86 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $37.33, the stock is 4.82% and 3.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 1.28% at the moment leaves the stock 2.47% off its SMA200. PECO registered 6.44% gain for a year compared to 6-month loss of -1.01%. The firm has a 50-day simple moving average (SMA 50) of $36.1374 and a 200-day simple moving average (SMA200) of $36.4304.
The stock witnessed a 2.16% gain in the last 1 month and extending the period to 3 months gives it a 0.35%, and is 3.75% up 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 1.93% over the week and 1.88% over the month.
Phillips Edison & Company Inc (PECO) has around 300 employees, a market worth around $5.17B and $666.37M in sales. Current P/E ratio is 75.44 and Fwd P/E is 53.05. Profit margin for the company is 9.41%. Distance from 52-week low is 21.91% and -6.95% from its 52-week high. The company has generated returns on investments over the last 12 months (1.39%).
The EPS is expected to grow by 21.11% this year
521.0 institutions hold shares in Phillips Edison & Company Inc (PECO), with institutional investors hold 85.20% of the company’s shares. The shares outstanding are 125.12M, and float is at 124.65M with Short Float at 3.17%. Institutions hold 84.73% 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 17.4966 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 6.2709 and valued at over $251.05 million, while STATE STREET CORP holds 5.7604 of the shares totaling 7.05 million with a market value of $231.29 million.
