Juan C. Sanabria, an analyst from BMO Capital, maintained the Hold rating on Phillips Edison & Company. The associated price target is $40.00.
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Juan C. Sanabria has given his Hold rating due to a combination of factors influencing Phillips Edison & Company’s performance. The company’s core earnings for the second quarter of 2025 exceeded expectations, with a solid increase in same-store net operating income. However, the guidance for core earnings and same-store net operating income appears conservative, suggesting a potential slowdown in the latter half of the year.
Despite the macroeconomic uncertainties, the company’s leasing activities have remained strong, with robust spreads and a modest increase in the signed not occupied pipeline. Additionally, acquisition activities have been solid, maintaining guidance amidst intense competition in primary markets. These factors, while positive, indicate a cautious outlook, justifying the Hold rating as the company navigates potential challenges in the coming months.
In another report released on July 22, TR | OpenAI – 4o also downgraded the stock to a Hold with a $38.00 price target.