Phillips Edison & Company, Inc. (NASDAQ:PECO) Short Interest Update

Phillips Edison & Company, Inc. (NASDAQ:PECO) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 3,743,203 shares, a growth of 22.5% from the February 26th total of 3,056,858 shares. Based on an average daily trading volume, of 708,783 shares, the days-to-cover ratio is presently 5.3 days. Approximately 3.2% of the shares of the stock are sold short.

Phillips Edison & Company, Inc. Stock Performance

PECO stock traded up $0.03 during midday trading on Tuesday, reaching $37.42. 1,104,679 shares of the company traded hands, compared to its average volume of 844,643. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 0.95 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. The business has a 50 day moving average of $37.67 and a 200-day moving average of $35.82.

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

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be issued 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 dividend payout ratio is presently 146.07%.

Hedge Funds Weigh In On Phillips Edison & Company, Inc.

Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at about $70,850,000. Balyasny Asset Management L.P. grew its stake in Phillips Edison & Company, Inc. by 191.9% in the third quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock worth $64,184,000 after purchasing an additional 1,229,186 shares in the last quarter. Engineers Gate Manager LP bought a new position in Phillips Edison & Company, Inc. in the second quarter worth approximately $32,695,000. M&T Bank Corp purchased a new position in Phillips Edison & Company, Inc. during the 4th quarter worth $27,133,000. Finally, Alyeska Investment Group L.P. bought a new stake in Phillips Edison & Company, Inc. during the 4th quarter valued at $19,400,000. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PECO shares. Weiss Ratings upgraded shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. KeyCorp reiterated a “sector weight” rating on shares of Phillips Edison & Company, Inc. in a research report on Thursday, December 18th. UBS Group raised their price target on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Mizuho set a $39.00 price objective on Phillips Edison & Company, Inc. in a report on Friday, January 9th. Finally, Wells Fargo & Company increased their target price on Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Hold” and a consensus target price of $39.43.

About Phillips Edison & Company, Inc.

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.