Phillips Edison & Company, the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Samir Khanal from Bank of America Securities reiterated a Buy rating on the stock and has a $43.00 price target.
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Samir Khanal has given his Buy rating due to a combination of factors that highlight Phillips Edison & Company’s strong performance and growth potential. The company exceeded expectations in its second-quarter earnings, with core funds from operations per share surpassing both Street and Bank of America estimates. This was accompanied by an increase in guidance for 2025, indicating confidence in continued financial strength.
Additionally, the company’s operational fundamentals remain solid, with improvements in occupancy rates and leasing spreads. The acquisition strategy is robust, targeting significant annual acquisitions with attractive returns. Furthermore, the company’s focus on necessity-based goods and services provides a stable foundation in the current market environment. These factors, along with the absence of any signs of weakening leasing demand, support the positive outlook and justify the Buy rating.
Khanal covers the Real Estate sector, focusing on stocks such as Prologis, Acadia Realty, and Phillips Edison & Company. According to TipRanks, Khanal has an average return of -4.9% and a 37.29% success rate on recommended stocks.
In another report released on July 18, TR | OpenAI – 4o also upgraded the stock to a Buy with a $39.00 price target.