SummitTX Capital L.P. Takes Position in Phillips Edison & Company, Inc. $PECO

SummitTX Capital L.P. purchased a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the first quarter, Holdings Channel reports. The firm purchased 29,490 shares of the company’s stock, valued at approximately $1,104,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC raised its position in Phillips Edison & Company, Inc. by 1.9% during the 1st quarter. Lazard Asset Management LLC now owns 41,796 shares of the company’s stock valued at $1,564,000 after purchasing an additional 789 shares in the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Phillips Edison & Company, Inc. in the 1st quarter worth $280,000. Waverly Advisors LLC grew its position in shares of Phillips Edison & Company, Inc. by 0.8% during the 1st quarter. Waverly Advisors LLC now owns 35,466 shares of the company’s stock worth $1,327,000 after buying an additional 269 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Phillips Edison & Company, Inc. by 34.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 483,308 shares of the company’s stock worth $18,085,000 after buying an additional 123,601 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Phillips Edison & Company, Inc. by 9.8% during the 1st quarter. Sei Investments Co. now owns 167,443 shares of the company’s stock worth $6,266,000 after buying an additional 14,999 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Trading Up 0.4%

Shares of NASDAQ:PECO opened at $42.79 on Thursday. The company has a market capitalization of $5.38 billion, a PE ratio of 37.21, a P/E/G ratio of 2.21 and a beta of 0.52. Phillips Edison & Company, Inc. has a 12-month low of $32.84 and a 12-month high of $44.38. The business’s fifty day simple moving average is $41.64 and its 200-day simple moving average is $39.28.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The company had revenue of $189.62 million for the quarter, compared to analysts’ expectations of $187.46 million. During the same quarter last year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Research analysts predict that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 113.04%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PECO shares. Griffin Securities set a $47.00 price objective on Phillips Edison & Company, Inc. in a report on Monday. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Morgan Stanley raised their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. UBS Group boosted their price target on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Evercore reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and a consensus target price of $44.50.

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.