Odyssean LLC Buys 32,443 Shares of Phillips Edison & Company, Inc. $PECO

Odyssean LLC increased its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 84.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,815 shares of the company’s stock after purchasing an additional 32,443 shares during the period. Odyssean LLC’s holdings in Phillips Edison & Company, Inc. were worth $2,947,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PECO. Royal Bank of Canada increased its stake in shares of Phillips Edison & Company, Inc. by 12.8% in the 1st quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock valued at $2,982,000 after buying an additional 9,250 shares during the period. AQR Capital Management LLC raised its position in shares of Phillips Edison & Company, Inc. by 8.2% during the first quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock worth $405,000 after acquiring an additional 845 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Phillips Edison & Company, Inc. during the first quarter valued at $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Phillips Edison & Company, Inc. by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock valued at $2,668,000 after acquiring an additional 3,199 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Phillips Edison & Company, Inc. by 49.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock worth $91,000 after purchasing an additional 865 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PECO. Griffin Securities set a $47.00 price objective on Phillips Edison & Company, Inc. in a report on Monday, July 27th. LADENBURG THALM/SH SH raised their target price on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Wells Fargo & Company lifted their price target on shares of Phillips Edison & Company, Inc. from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley increased their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.78.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $39.91 on Wednesday. The firm’s fifty day moving average is $41.63 and its two-hundred day moving average is $39.93. The firm has a market cap of $5.14 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 2.05 and a beta of 0.52. Phillips Edison & Company, Inc. has a twelve month low of $32.98 and a twelve month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The firm had revenue of $189.62 million during the quarter, compared to analyst estimates of $187.46 million. During the same period last year, the firm earned $0.64 EPS. Phillips Edison & Company, Inc.’s quarterly revenue was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Equities analysts forecast that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.1083 per share. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a yield of 3.3%. Phillips Edison & Company, Inc.’s payout ratio is currently 113.04%.

Phillips Edison & Company, Inc. 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.