Tudor Investment Corp ET AL Buys New Shares in Phillips Edison & Company, Inc. $PECO

Tudor Investment Corp ET AL purchased a new position in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 84,226 shares of the company’s stock, valued at approximately $2,891,000.

Several other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Phillips Edison & Company, Inc. by 2,590.0% in the third quarter. Jones Financial Companies Lllp now owns 1,076 shares of the company’s stock valued at $37,000 after purchasing an additional 1,036 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Phillips Edison & Company, Inc. by 418.1% in the third quarter. Hantz Financial Services Inc. now owns 1,119 shares of the company’s stock worth $38,000 after purchasing an additional 903 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Phillips Edison & Company, Inc. during the third quarter worth about $43,000. Caitong International Asset Management Co. Ltd boosted its position in Phillips Edison & Company, Inc. by 6,850.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,529 shares of the company’s stock valued at $52,000 after buying an additional 1,507 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Phillips Edison & Company, Inc. by 49.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock valued at $91,000 after buying an additional 865 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

PECO has been the subject of a number of recent research reports. Morgan Stanley raised their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a report on Thursday, December 18th. Evercore set a $42.00 price objective on shares of Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research note on Friday, February 6th. Barclays reduced their target price on shares of Phillips Edison & Company, Inc. from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Finally, Mizuho set a $39.00 target price on shares of Phillips Edison & Company, Inc. in a research report on Friday, January 9th. 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, the company presently has a consensus rating of “Hold” and an average price target of $39.43.

Phillips Edison & Company, Inc. Stock Down 0.2%

Phillips Edison & Company, Inc. stock opened at $36.81 on Friday. The business’s 50-day moving average price is $37.60 and its 200 day moving average price is $35.80. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 41.36, a price-to-earnings-growth ratio of 0.94 and a beta of 0.51. Phillips Edison & Company, Inc. has a 52 week low of $32.40 and a 52 week high of $40.06.

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

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be paid a $0.1083 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, May 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 146.07%.

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.