VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 90,538 Phillips Edison & Company, Inc. $PECO

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,538 shares of the company’s stock, valued at approximately $3,768,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System boosted its position in Phillips Edison & Company, Inc. by 3,945.0% in the second quarter. California State Teachers Retirement System now owns 5,987,370 shares of the company’s stock valued at $249,194,000 after buying an additional 5,839,350 shares during the last quarter. Ameritas Advisory Services LLC raised its position in Phillips Edison & Company, Inc. by 79.0% during the 2nd quarter. Ameritas Advisory Services LLC now owns 73,001 shares of the company’s stock worth $3,038,000 after buying an additional 32,217 shares during the last quarter. Odyssean LLC raised its position in Phillips Edison & Company, Inc. by 84.5% during the 2nd quarter. Odyssean LLC now owns 70,815 shares of the company’s stock worth $2,947,000 after buying an additional 32,443 shares during the last quarter. Continuum Advisory LLC acquired a new stake in Phillips Edison & Company, Inc. during the 2nd quarter valued at approximately $211,000. Finally, Nykredit A S acquired a new stake in Phillips Edison & Company, Inc. during the 2nd quarter valued at approximately $107,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

PECO has been the topic of a number of research reports. Barclays increased their price objective on shares of Phillips Edison & Company, Inc. from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. boosted their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Griffin Securities set a $47.00 price target on shares of Phillips Edison & Company, Inc. in a report on Monday, July 27th. Wells Fargo & Company cut their price target on Phillips Edison & Company, Inc. from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 1st. Finally, Evercore reiterated an “outperform” rating and set a $44.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $44.33.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ PECO opened at $38.73 on Thursday. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 2.02 and a beta of 0.50. The firm’s 50 day simple moving average is $41.09 and its 200-day simple moving average is $40.02. Phillips Edison & Company, Inc. has a 12 month low of $32.98 and a 12 month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its 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 quarter in the prior year, the firm earned $0.64 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a dividend of $0.115 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 16th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 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.