Phillips Edison & Company Inc (NASDAQ: PECO) is -6.78% 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 $33.53 in the last trading session, with the day’s gains setting it 1.39%.
Currently trading at $34.92, the stock is -1.41% and -2.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing 4.15% at the moment leaves the stock -4.31% off its SMA200. PECO registered 0.61% gain for a year compared to 6-month loss of -3.54%. The firm has a 50-day simple moving average (SMA 50) of $35.9546 and a 200-day simple moving average (SMA200) of $36.49445.
The stock witnessed a -0.68% gain in the last 1 month and extending the period to 3 months gives it a -4.20%, and is -6.46% 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 5.62% over the week and 2.66% over the month.
Phillips Edison & Company Inc (PECO) has around 300 employees, a market worth around $4.83B and $666.37M in sales. Current P/E ratio is 70.57 and Fwd P/E is 49.63. Profit margin for the company is 9.41%. Distance from 52-week low is 14.04% and -12.96% from its 52-week high. The company has generated returns on investments over the last 12 months (1.39%).
with sales reaching $170.48M over the same period.The EPS is expected to grow by 21.11% this year, but quarterly earnings will post 5.66% year-over-year. Quarterly sales are estimated to grow 5.69% in year-over-year returns.
522.0 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.
