Mizuho Maintains Outperform on Phillips Edison & Co, Lowers Price Target to $39
Mizuho analyst Haendel St. Juste maintains Phillips Edison & Co (NASDAQ:PECO) with a Outperform and lowers the price target from $43 to $39.
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Phillips Edison & Company Raises Monthly Dividend From $0.108 To $0.115 Per Share
Phillips Edison & Company, Inc. (NASDAQ:PECO) ("PECO" or "the Company"), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today
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Evercore ISI Group Maintains Outperform on Phillips Edison & Co, Lowers Price Target to $44
Evercore ISI Group analyst Michael Griffin maintains Phillips Edison & Co (NASDAQ:PECO) with a Outperform and lowers the price target from $46 to $44.
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Despite the Federal Reserve's rate hike to 3.75%-4.00%, retail REITs with strong fundamentals remain attractive investments. Four companies—Regency Centers, Phillips Edison, Tanger, and Curbline Properties—benefit from tight retail real estate markets, strong tenant demand, and healthy occupancy rates, positioning them to grow cash flows even in a higher rate environment.
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