Phillips Edison & Company Inc (NASDAQ: PECO) is -4.03% lower on its value in year-to-date trading and has touched a low of $30.86 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 $35.46 in the last trading session, with the day’s gains setting it 0.49%.
Currently trading at $35.95, the stock is 1.65% and 1.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing 1.38% at the moment leaves the stock -2.19% off its SMA200. PECO registered 16.23% gain for a year compared to 6-month loss of -8.83%. The firm has a 50-day simple moving average (SMA 50) of $35.3978 and a 200-day simple moving average (SMA200) of $36.74685.
The stock witnessed a 2.83% gain in the last 1 month and extending the period to 3 months gives it a -3.44%, and is 5.92% 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 1.02% over the week and 1.51% over the month.
Phillips Edison & Company Inc (PECO) has around 300 employees, a market worth around $4.98B and $682.81M in sales. Current P/E ratio is 64.27 and Fwd P/E is 50.91. Profit margin for the company is 10.45%. Distance from 52-week low is 16.49% and -10.39% from its 52-week high. The company has generated returns on investments over the last 12 months (1.52%).
with sales reaching $174.86M over the same period.The EPS is expected to grow by 25.96% this year, but quarterly earnings will post 7.30% year-over-year. Quarterly sales are estimated to grow 8.26% in year-over-year returns.
Phillips Edison & Company Inc (PECO) Top Institutional Holders
527.0 institutions hold shares in Phillips Edison & Company Inc (PECO), with institutional investors hold 86.96% of the company’s shares. The shares outstanding are 125.41M, and float is at 124.65M with Short Float at 3.69%. Institutions hold 86.47% 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 15.7118 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.
Phillips Edison & Company Inc (PECO) Insider Activity
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