UBS Group AG Grows Stock Position in Phillips Edison & Company, Inc. $PECO

UBS Group AG lifted its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 570,836 shares of the company’s stock after buying an additional 20,560 shares during the period. UBS Group AG’s holdings in Phillips Edison & Company, Inc. were worth $20,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in Phillips Edison & Company, Inc. by 2.3% during the second quarter. State Street Corp now owns 7,349,080 shares of the company’s stock valued at $258,169,000 after buying an additional 166,108 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Phillips Edison & Company, Inc. by 191.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after acquiring an additional 1,229,186 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Phillips Edison & Company, Inc. by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,759,226 shares of the company’s stock worth $60,394,000 after acquiring an additional 42,819 shares during the last quarter. Duff & Phelps Investment Management Co. grew its position in shares of Phillips Edison & Company, Inc. by 11.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,697,608 shares of the company’s stock valued at $58,279,000 after acquiring an additional 174,725 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Phillips Edison & Company, Inc. by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,100,942 shares of the company’s stock worth $37,795,000 after purchasing an additional 99,167 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Performance

PECO opened at $39.71 on Tuesday. Phillips Edison & Company, Inc. has a fifty-two week low of $32.84 and a fifty-two week high of $40.71. The firm’s fifty day moving average is $38.53 and its 200 day moving average is $36.71. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 1.02 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). The business 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%.The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, equities research analysts predict that Phillips Edison & Company, Inc. will post 2.75 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given a dividend of $0.1083 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 3.3%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 141.30%.

Wall Street Analyst Weigh In

PECO has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. Evercore restated an “outperform” rating and issued a $43.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Monday, April 27th. Barclays raised their price objective on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, April 13th. Weiss Ratings cut Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Finally, Morgan Stanley increased their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.00.

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.