SG Americas Securities LLC Sells 164,750 Shares of Phillips Edison & Company, Inc. $PECO

SG Americas Securities LLC cut its holdings in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 79.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,425 shares of the company’s stock after selling 164,750 shares during the quarter. SG Americas Securities LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter worth about $31,000. Aster Capital Management DIFC Ltd boosted its stake in shares of Phillips Edison & Company, Inc. by 55.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock valued at $37,000 after purchasing an additional 376 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Phillips Edison & Company, Inc. by 143.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $41,000 after purchasing an additional 672 shares during the last quarter. Quantbot Technologies LP acquired a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth approximately $43,000. Finally, Prosperity Bancshares Inc bought a new position in Phillips Edison & Company, Inc. in the 4th quarter valued at approximately $50,000. Institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PECO. Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 16th. Wells Fargo & Company raised their price objective on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. 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 report on Tuesday, May 12th. Morgan Stanley upped their target price on 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. Finally, LADENBURG THALM/SH SH increased their target price on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.29.

Phillips Edison & Company, Inc. Stock Performance

Shares of NASDAQ PECO opened at $42.06 on Friday. Phillips Edison & Company, Inc. has a 52-week low of $32.84 and a 52-week high of $42.70. The firm has a 50 day moving average price of $40.49 and a two-hundred day moving average price of $38.32. The stock has a market cap of $5.29 billion, a P/E ratio of 45.72, a price-to-earnings-growth ratio of 2.21 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released 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 business had revenue of $190.74 million for the quarter, compared to the consensus estimate of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. Phillips Edison & Company, Inc.’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $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 fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be given a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 141.30%.

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.