Phillips Edison & Company Inc (NASDAQ: PECO) is -5.21% 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 $35.41 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $35.51, the stock is 0.59% and -0.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 0.28% at the moment leaves the stock -3.23% off its SMA200. PECO registered 7.35% gain for a year compared to 6-month loss of -6.06%.
The stock witnessed a 3.44% gain in the last 1 month and extending the period to 3 months gives it a -3.66%, and is 2.33% 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 1.79% over the week and 2.81% over the month.
Phillips Edison & Company Inc (PECO) has around 300 employees, a market worth around $4.91B and $682.81M in sales. Current P/E ratio is 63.48 and Fwd P/E is 50.29. Profit margin for the company is 10.45%. Distance from 52-week low is 15.97% and -11.49% from its 52-week high. The company has generated returns on investments over the last 12 months (1.52%).
The EPS is expected to grow by 24.65% this year
The shares outstanding are 125.41M, and float is at 124.68M with Short Float at 3.51%.
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 15.7118 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.
