Mizuho lowered the firm’s price target on Phillips Edison (PECO) to $38 from $41 and keeps an Outperform rating on the shares. Shopping center real estate investment trusts posted strong Q4 earnings, supported by robust leasing activity, above-trend leasing spreads and occupancy gains, with incremental near-term earnings visibility from signed versus occupied pipelines, the analyst tells investors in a research note. The firm says the fiscal 2025 guidance outlooks generally met expectations. On whole, it believes the sector appears fairly valued on multiples.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PECO:
- Phillips Edison & Co. Faces AI Challenges: Legal Risks and Compliance Hurdles Ahead
- Phillips Edison & Co. Declares Upcoming Monthly Dividends
- Phillips Edison & Company Reports Strong 2024 Results
- Phillips Edison & Company Shines in 2024 Earnings Call
- Phillips Edison files automatic mixed securities shelf