Phillips Edison & Company, Inc. (NASDAQ:PECO) Short Interest Up 22.5% in March

Phillips Edison & Company, Inc. (NASDAQ:PECO) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 3,743,203 shares, an increase of 22.5% from the February 26th total of 3,056,858 shares. Based on an average daily volume of 708,783 shares, the days-to-cover ratio is presently 5.3 days. Currently, 3.2% of the company’s stock are short sold.

Institutional Trading of Phillips Edison & Company, Inc.

A number of large investors have recently made changes to their positions in PECO. Hsbc Holdings PLC raised its holdings in shares of Phillips Edison & Company, Inc. by 33.5% during the fourth quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock valued at $8,856,000 after purchasing an additional 62,523 shares during the last quarter. DGS Capital Management LLC purchased a new stake in Phillips Edison & Company, Inc. in the fourth quarter worth approximately $364,000. Invesco Ltd. grew its position in Phillips Edison & Company, Inc. by 3.9% in the 4th quarter. Invesco Ltd. now owns 455,798 shares of the company’s stock worth $16,213,000 after purchasing an additional 17,097 shares during the period. Strive Financial Group LLC purchased a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $100,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in Phillips Edison & Company, Inc. by 113.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 79,264 shares of the company’s stock valued at $2,819,000 after buying an additional 42,155 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Phillips Edison & Company, Inc. Stock Up 1.6%

Shares of Phillips Edison & Company, Inc. stock traded up $0.58 on Monday, reaching $37.39. The company’s stock had a trading volume of 923,171 shares, compared to its average volume of 843,094. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.06. The firm’s fifty day simple moving average is $37.63 and its two-hundred day simple moving average is $35.81. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 42.01, a P/E/G ratio of 0.94 and a beta of 0.51.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.38 earnings per share (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 for the quarter, compared to the consensus estimate of $183.18 million. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. As a group, research analysts predict that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.1083 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 3.5%. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 146.07%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PECO. KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday, December 18th. Evercore set a $42.00 target price on Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Wells Fargo & Company lifted their price target on Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Finally, Barclays cut their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.43.

Phillips Edison & Company, Inc. Company Profile

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.