Jeffrey Spector, an analyst from Bank of America Securities, reiterated the Buy rating on Phillips Edison & Company. The associated price target is $43.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Jeffrey Spector has given his Buy rating due to a combination of factors related to Phillips Edison & Company’s earnings visibility and valuation. He highlights that the company’s newly issued 2026 Core FFO per share guidance exceeds prior expectations, driven largely by lower anticipated general and administrative costs and reduced interest expenses, resulting in one of the strongest projected FFO growth rates among strip-center peers. Spector also underscores that the shares trade at a meaningful discount to forward net asset value, even though the company’s growth outlook into 2026 is comparatively robust, supporting an attractive risk‑reward profile.
Spector further points to the company’s ability to sustain 3–4% long-term same-store NOI growth, supported by leasing spreads, built-in rent escalations, and high-return development projects. He notes that management’s acquisition and disposition plans for 2026, including a sizable pipeline of potential deals with compelling unlevered IRRs, can be executed without stretching leverage, adding another layer of growth. Taken together, these factors reinforce his conviction that Phillips Edison & Company offers above-average growth at a discounted valuation, justifying the reiterated Buy rating and the $43 price objective.
In another report released on December 9, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $38.00 price target.