Commonwealth Equity Services LLC Reduces Stock Holdings in Phillips Edison & Company, Inc. $PECO

Commonwealth Equity Services LLC decreased its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 159,902 shares of the company’s stock after selling 16,183 shares during the period. Commonwealth Equity Services LLC’s holdings in Phillips Edison & Company, Inc. were worth $5,688,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Phillips Edison & Company, Inc. by 2.3% in the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock worth $258,169,000 after acquiring an additional 166,108 shares during the period. Norges Bank purchased a new position in Phillips Edison & Company, Inc. during the fourth quarter valued at $70,850,000. Balyasny Asset Management L.P. lifted its position in Phillips Edison & Company, Inc. by 191.9% during the third quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock valued at $64,184,000 after buying an additional 1,229,186 shares during the period. Dimensional Fund Advisors LP lifted its position in Phillips Edison & Company, Inc. by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,824,940 shares of the company’s stock valued at $64,914,000 after buying an additional 65,714 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its position in Phillips Edison & Company, Inc. by 11.5% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,697,608 shares of the company’s stock valued at $58,279,000 after buying an additional 174,725 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 2.9%

Shares of Phillips Edison & Company, Inc. stock opened at $40.31 on Friday. The firm has a market capitalization of $5.07 billion, a P/E ratio of 43.82, a P/E/G ratio of 2.09 and a beta of 0.53. The business has a fifty day simple moving average of $39.17 and a two-hundred day simple moving average of $37.42. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $41.07.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.43). The company had revenue of $190.74 million during the quarter, compared to analysts’ expectations of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.Phillips Edison & Company, Inc.’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Analysts predict that Phillips Edison & Company, Inc. will post 2.76 earnings per share for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Wednesday, July 15th will be given a $0.1083 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 141.30%.

Wall Street Analysts Forecast Growth

PECO has been the subject of several recent research reports. UBS Group raised their price objective on Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Morgan Stanley raised their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Barclays raised their price objective on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Evercore reissued an “outperform” rating and set a $43.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.43.

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.