Analyst Price Target is $33.17
▲ +6.54% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Phillips Edison & Company, Inc. in the last 3 months. The average price target is $33.17, with a high forecast of $38.00 and a low forecast of $30.00. The average price target represents a 6.54% upside from the last price of $31.13.
Current Consensus is
The current consensus among 6 polled investment analysts is to hold stock in Phillips Edison & Company, Inc..
Phillips Edison & Company, Inc. (PECO), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States. Through its vertically-integrated operating platform, the Company manages a portfolio of 309 properties, including 283 wholly-owned properties comprising approximately 31.7 million square feet across 31 states (as of September 30, 2020). PECO has generated strong operating results over its 29+ year history and has partnered with leading institutional commercial real estate investors, including TPG Real Estate and The Northwestern Mutual Life Insurance Company. The Company remains exclusively focused on creating great grocery-anchored shopping experiences and improving the communities it serves one center at a time. Phillips Edison & Company Ltd. operates as a subsidiary of Phillips Edison Grocery Center Operating Partnership I, L.P.