Sei Investments Co. Buys 14,999 Shares of Phillips Edison & Company, Inc. $PECO

Sei Investments Co. boosted its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,443 shares of the company’s stock after purchasing an additional 14,999 shares during the quarter. Sei Investments Co. owned 0.13% of Phillips Edison & Company, Inc. worth $6,266,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. First Trust Advisors LP increased its holdings in shares of Phillips Edison & Company, Inc. by 210.6% during the 1st quarter. First Trust Advisors LP now owns 119,885 shares of the company’s stock worth $4,486,000 after purchasing an additional 81,293 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Phillips Edison & Company, Inc. by 541.8% in the first quarter. PNC Financial Services Group Inc. now owns 33,220 shares of the company’s stock valued at $1,243,000 after buying an additional 28,044 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in Phillips Edison & Company, Inc. during the first quarter worth about $80,000. Earned Wealth Advisors LLC grew its position in Phillips Edison & Company, Inc. by 1.0% during the first quarter. Earned Wealth Advisors LLC now owns 43,172 shares of the company’s stock worth $1,615,000 after buying an additional 420 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Phillips Edison & Company, Inc. by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,899,214 shares of the company’s stock valued at $71,068,000 after acquiring an additional 74,274 shares during the period. 80.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on PECO shares. Wells Fargo & Company raised their price objective on 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. Barclays boosted their price objective on Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Morgan Stanley upped their target price on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. UBS Group raised their target price on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Evercore reiterated an “outperform” rating and set a $44.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.50.

Phillips Edison & Company, Inc. Stock Down 0.7%

Shares of PECO opened at $42.20 on Tuesday. The company has a 50-day moving average price of $41.76 and a two-hundred day moving average price of $39.43. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 36.70, 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.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share 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 company had revenue of $189.62 million during the quarter, compared to the consensus estimate of $187.46 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’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. Equities research analysts expect that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business 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 $0.1083 dividend. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is 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.