Barclays Lowers Price Target for Phillips Edison to $36, Maintains Equal Weight Rating

Barclays has lowered its price target for Phillips Edison (PECO) to $36 from $37 and maintained an Equal Weight rating. The firm increased retail real estate investment trust estimates post Q2 earnings reports. Elevate Your Investing Strategy with TipRanks Premium at 50% off, unlocking powerful tools, advanced data, and expert analyst insights.

Phillips Edison & Company, Inc. (NASDAQ:PECO) has seen a downward adjustment in its price target by Barclays. The firm lowered its price target to $36 from $37, while maintaining an Equal Weight rating [1].

The adjustment comes after the company's recent earnings report, which showed earnings per share (EPS) of $0.64, surpassing analyst expectations. Revenue increased by 10.1% year-over-year, further boosting the company's financial performance. Despite the positive earnings, Barclays has chosen to lower its price target, potentially reflecting a cautious stance on the company's future prospects.

Barclays' move is in line with recent analyst sentiments. Mizuho lowered its price target to $37 and set an "outperform" rating, while Wall Street Zen downgraded the stock to a "sell" rating. Additionally, several institutional investors have increased their positions in PECO, indicating a level of confidence in the company's stock despite the mixed analyst ratings.

Phillips Edison & Company, Inc. operates as a real estate investment trust, focusing on the ownership and operation of shopping centers. Its portfolio includes well-occupied, grocery-anchored neighborhood and community shopping centers with a mix of national, regional, and local retailers. The company's strong financial performance and robust revenue growth have been key drivers of its stock price.

The company's recent dividend announcement, a monthly dividend of $0.1025 per share, represents a yield of 3.6% and a payout ratio of 223.64%. This dividend, paid on Wednesday, September 3rd to shareholders of record as of Friday, August 15th, adds to the company's attractiveness for income-focused investors.

As PECO continues to navigate its financial performance and analyst ratings, investors should closely monitor the company's earnings reports and analyst revisions to make informed investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/phillips-edison-company-inc-nasdaqpeco-given-consensus-rating-of-hold-by-analysts-2025-08-21/