Ladenburg Thalmann has initiated coverage on Phillips Edison & Co Inc (PECO) with a Buy rating, marking its first assessment of the company. This rating reflects the firm's evaluation of PECO's investment potential based on its research into the business, industry dynamics, and growth prospects.
Phillips Edison & Co Inc operates as a real estate investment trust specializing in the ownership and management of grocery-anchored neighborhood shopping centers. Headquartered in Cincinnati, Ohio, the company manages over 322 shopping centers, including 299 wholly owned centers totaling approximately 33.4 million square feet across 31 states. The firm went public on July 20, 2020, and currently boasts a market capitalization of $4.8 billion.
As of the last trading session, PECO's shares were priced at $35.29. The company's financial metrics include a trailing twelve months (TTM) price-to-earnings (P/E) ratio of 58.38 and an earnings per share (EPS) of $0.59. Notably, PECO offers a dividend yield of 376.4%, highlighting its commitment to returning capital to shareholders.
Upcoming earnings reports are anticipated, with estimates of $0.17 EPS and revenue of $191.2 million for July 22, 2026. Analyst ratings like this one provide insights into market sentiment and company performance but should be considered alongside other factors such as company fundamentals and industry trends.
Analyst opinions can evolve as new information becomes available, reflecting changing market conditions and expectations.