Closing Figures Unveiled: Phillips Edison & Company Inc (PECO) Drop -2.37, Closes at 36.70

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Phillips Edison & Company Inc (NASDAQ: PECO) closed the day trading at $36.70 down -2.37% from the previous closing price of $37.59. In other words, the price has decreased by -$2.37 from its previous closing price. On the day, 0.75 million shares were traded. PECO stock price reached its highest trading level at $37.39 during the session, while it also had its lowest trading level at $36.66.

Ratios:

For a better understanding of PECO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 410.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.93. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.95.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on August 28, 2024, Upgraded its rating to Equal Weight and sets its target price to $37 from $34 previously.

On February 23, 2024, Mizuho Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $35 to $37.

On January 30, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $41.Deutsche Bank initiated its Buy rating on January 30, 2024, with a $41 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PECO now has a Market Capitalization of 5120457728 and an Enterprise Value of 6866956800. As of this moment, Phillips’s Price-to-Earnings (P/E) ratio for their current fiscal year is 77.70, and their Forward P/E ratio for the next fiscal year is 59.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 17.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.09 while its Price-to-Book (P/B) ratio in mrq is 1.97. Its current Enterprise Value per Revenue stands at 10.904 whereas that against EBITDA is 17.22.

Stock Price History:

Over the past 52 weeks, PECO has reached a high of $39.08, while it has fallen to a 52-week low of $30.62. The 50-Day Moving Average of the stock is 0.98%, while the 200-Day Moving Average is calculated to be 5.80%.

Shares Statistics:

Over the past 3-months, PECO traded about 719.81K shares per day on average, while over the past 10 days, PECO traded about 892050 shares per day. A total of 122.02M shares are outstanding, with a floating share count of 121.81M. Insiders hold about 0.56% of the company’s shares, while institutions hold 79.98% stake in the company. Shares short for PECO as of 1726185600 were 4291430 with a Short Ratio of 5.96, compared to 1723680000 on 3748956. Therefore, it implies a Short% of Shares Outstanding of 4291430 and a Short% of Float of 5.239999699999999.

Dividends & Splits

PECO’s forward annual dividend rate is 1.18, up from 1.162 a year ago. Against a Trailing Annual Dividend Yield of 0.030912476

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