Juan C. Sanabria, an analyst from BMO Capital, maintained the Hold rating on Phillips Edison & Company. The associated price target remains the same with $40.00.
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Juan C. Sanabria has given his Hold rating due to a combination of factors surrounding Phillips Edison & Company’s performance and strategic initiatives. The company recently updated its financial guidance for 2025, showing a slight increase in Core FFO per share above market expectations, as well as introducing 2026 guidance that exceeded forecasts. While the updated figures reflect positive growth trends, the changes are relatively modest compared to peers, signaling limited upside potential at the current valuation.
Additionally, PECO has expanded its acquisition strategy to diversify its portfolio and leverage its asset management expertise. Tenant demand remains stable, with limited competition in the market, supporting the company’s operational resilience. However, increases in operating costs such as interest expense and projected bad debt weigh on the outlook. These dynamics, combined with overall steady but not standout performance, underpin the Hold rating, suggesting that the stock is fairly valued at present.
C. Sanabria covers the Real Estate sector, focusing on stocks such as Welltower, LTC Properties, and National Health Investors. According to TipRanks, C. Sanabria has an average return of 0.6% and a 45.30% success rate on recommended stocks.
In another report released on December 15, Wells Fargo also maintained a Hold rating on the stock with a $36.00 price target.