As of Thursday close, Phillips Edison & Company Inc.’s (NASDAQ:PECO) stock was down -$0.6, moving down -1.75 percent to $33.72. The average number of shares traded per day over the past five days has been 916,120 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.41 fall in that time frame. In the last twenty days, the average volume was 660,505, while in the previous 50 days, it was 689,942.
Since last month, PECO stock rose 0.42%. Shares of the company fell to $33.38 on 08/22/23, the lowest level in the past month. A 52-week high of $36.46 was reached on 08/10/23 after having rallying from a 52-week low of $27.07. Since the beginning of this year, PECO’s stock price has risen by 5.90% or $1.88, and marked a new high 16 times. However, the stock has declined by -7.52% since its 52-week high.
PECO stock investors should be aware that Phillips Edison & Company Inc. (PECO) stock had its last reported insider trading activity 129 days ago on May 16. CHAO LESLIE T, the Director of the company, purchased of 10,000 shares for $29.18 on May 16. It resulted in a $291,800 investment by the insider. Massey Paul sold 9,600 shares at an average price of $31.42 on Nov 21. The insider now owns 10,439 shares following the transaction.
Valuation Metrics
Right now, Phillips Edison & Company Inc. (PECO) has a P/E ratio of about 70.84. The stock’s beta is 0.66. Besides these, the trailing price-to-sales (P/S) ratio of 6.66, the price-to-book (PB) ratio of 1.79, and the price-to-cash flow ratio of 23.32 may also be considered.
The latest dividend of $0.0975 per share was paid out, which is 0.52% more than last year’s $0.0970. On Tuesday September 5 2023, a $0.0005 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.88, and the total debt-to-equity ratio was 0.88. On the profitability front, the trailing twelve-month gross margin is 71.50% percent. In the year ended June 29, operating margins totaled 22.60%. Based on annual data, PECO earned $412.15 million in gross profit and brought in $575.37 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.80%. Return on equity (ROE) for the past 12 months was 2.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PECO’s revenue rose 6.32% to $151.06 million during the quarter, while net income inched up to $152.14 million. While analysts expected Phillips Edison & Company Inc. to report $0.1 quarterly earnings, the actual figure was $0.12 per share. During the quarter, the company generated $97.75 million in EBITDA. The liabilities of Phillips Edison & Company Inc. were 2.18 billion at the end of its most recent quarter ended June 29, and its total debt was $1.95 billion. The value of shareholders’ equity is $117.4 million.
Technical Picture
This quick technical analysis looks at Phillips Edison & Company Inc.’s (PECO) price momentum. With a historical volatility rate of 13.84%, the RSI 9-day stood at 31.85% on 21 September.
With respect to its five-day moving average, the current Phillips Edison & Company Inc. price is down by -4.01% percent or -$1.41. At present, PECO shares trade -1.03% below its 20-day simple moving average and +6.91% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.03% below its SMA50 and +4.49% above its SMA200.
Stochastic coefficient K was 29.07% and Stochastic coefficient D was 44.18%, while ATR was 0.55. Given the Stochastic reading of 4.40% for the 14-day period, the RSI (14) reading has been calculated as 38.45%. As of today, the MACD Oscillator reading stands at -0.46, while the 14-day reading stands at -0.43.
Analyst Ratings
Phillips Edison & Company Inc. downgraded its rating on Phillips Edison & Company Inc. (NASDAQ: PECO) to an Underweight in a note to investors on September 20, 2023. The analysts firm previously had an Equal weight rating on the stock.Phillips Edison & Company Inc. (PECO) has been rated Hold by analysts. According to 1 brokerage firm, PECO is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Phillips Edison & Company Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $36.00, the current consensus forecast for the stock is $35.00 – $44.00. Based on these forecasts, analysts predict Phillips Edison & Company Inc. (PECO) will achieve an average price target of $37.86.
