Phillips Edison & Company, Inc. $PECO Shares Sold by Jain Global LLC

Jain Global LLC trimmed its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 21.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 288,051 shares of the company’s stock after selling 77,857 shares during the period. Jain Global LLC owned approximately 0.23% of Phillips Edison & Company, Inc. worth $9,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Holocene Advisors LP boosted its holdings in shares of Phillips Edison & Company, Inc. by 34.1% in the third quarter. Holocene Advisors LP now owns 122,942 shares of the company’s stock worth $4,221,000 after buying an additional 31,280 shares during the period. California Public Employees Retirement System raised its holdings in Phillips Edison & Company, Inc. by 8.5% during the third quarter. California Public Employees Retirement System now owns 237,427 shares of the company’s stock valued at $8,151,000 after buying an additional 18,571 shares in the last quarter. Bank of America Corp DE boosted its position in Phillips Edison & Company, Inc. by 2.7% during the third quarter. Bank of America Corp DE now owns 414,809 shares of the company’s stock worth $14,240,000 after purchasing an additional 10,978 shares during the period. Algert Global LLC acquired a new position in Phillips Edison & Company, Inc. in the 3rd quarter valued at $1,011,000. Finally, Creative Planning increased its stake in shares of Phillips Edison & Company, Inc. by 3.1% in the third quarter. Creative Planning now owns 57,646 shares of the company’s stock worth $1,979,000 after purchasing an additional 1,751 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. Mizuho set a $39.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Friday, January 9th. Barclays lowered their target price on Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. UBS Group raised their price objective on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Morgan Stanley increased their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $38.86.

Phillips Edison & Company, Inc. Trading Up 0.2%

Shares of NASDAQ PECO opened at $38.23 on Tuesday. Phillips Edison & Company, Inc. has a 1-year low of $32.40 and a 1-year high of $40.06. The firm has a market cap of $4.81 billion, a P/E ratio of 42.96, a price-to-earnings-growth ratio of 0.97 and a beta of 0.51. The business’s 50 day moving average is $37.24 and its 200-day moving average is $35.70.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). The firm had revenue of $187.86 million for the quarter, compared to the consensus estimate of $183.18 million. Phillips Edison & Company, Inc. had a return on equity of 4.29% and a net margin of 15.32%.The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Analysts forecast that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be given a dividend of $0.1083 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 3.4%. Phillips Edison & Company, Inc.’s dividend payout ratio is 146.07%.

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.