Phillips Edison & Company, Inc. (NASDAQ:PECO) Short Interest Update

Phillips Edison & Company, Inc. (NASDAQ:PECO) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,401,828 shares, a growth of 35.7% from the January 15th total of 2,506,803 shares. Approximately 2.9% of the company’s shares are sold short. Based on an average daily trading volume, of 811,762 shares, the short-interest ratio is presently 4.2 days. Based on an average daily trading volume, of 811,762 shares, the short-interest ratio is presently 4.2 days. Approximately 2.9% of the company’s shares are sold short.

Phillips Edison & Company, Inc. Trading Up 0.9%

PECO traded up $0.35 during trading on Monday, hitting $38.20. 1,600,718 shares of the company’s stock were exchanged, compared to its average volume of 919,099. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $38.67. The stock has a 50 day moving average price of $35.92 and a 200 day moving average price of $35.02. The firm has a market cap of $4.81 billion, a P/E ratio of 42.92, a price-to-earnings-growth ratio of 0.97 and a beta of 0.53.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. The business had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $183.18 million. During the same period in the prior year, the business posted $0.62 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Analysts forecast that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, May 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 146.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. KeyCorp restated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. UBS Group lifted their price target on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Mizuho set a $39.00 price objective on shares of Phillips Edison & Company, Inc. in a report on Friday, January 9th. Barclays restated a “positive” rating and issued a $41.00 target price on shares of Phillips Edison & Company, Inc. in a report on Tuesday, January 13th. Finally, Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.38.

Institutional Trading of Phillips Edison & Company, Inc.

A number of hedge funds have recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of Phillips Edison & Company, Inc. during the 2nd quarter valued at approximately $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Phillips Edison & Company, Inc. during the fourth quarter worth $31,000. Jones Financial Companies Lllp lifted its position in shares of Phillips Edison & Company, Inc. by 2,590.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock worth $37,000 after buying an additional 1,036 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Phillips Edison & Company, Inc. by 418.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after buying an additional 903 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 143.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after buying an additional 672 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.