UBS Maintains Neutral on Phillips Edison & Co, Lowers Price Target to $42
UBS analyst Michael Goldsmith maintains Phillips Edison & Co (NASDAQ:PECO) with a Neutral and lowers the price target from $46 to $42.
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Phillips Edison & Company Reveals $377.5M Expansion Of Joint Venture With Northwestern Mutual; Northwestern Mutual And PECO Will Retain Approximately 86% And 14% Interest In The Joint Venture, Respectively
Phillips Edison & Company, Inc. (NASDAQ:PECO) ("PECO"), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced an amended and
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Wells Fargo Maintains Equal-Weight on Phillips Edison & Co, Lowers Price Target to $41
PECO Expands Northwestern Mutual Venture and Raises 2026 Acquisition Outlook
PECO joint venture expansion with Northwestern Mutual supports higher 2026 acquisitions while full-year guidance remains intact.
Reported Earlier, Phillips Edison Reaffirms 2026 Core FFO Per Share Guidance At $2.73-$2.79, Up 6.2% YoY At Midpoint, Raises Gross Acquisitions Guidance To $600M-$700M
2026 Investment Activity and Guidance Highlights:Year to date through September 30, 2026, acquired $459.7 million in assets at PECO’s total prorated share and sold $174.0 million in assetsIncreased full year 2026 gross