Independent Financial Group LLC Buys Shares of 75,071 Phillips Edison & Company, Inc. $PECO

Independent Financial Group LLC purchased a new stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 75,071 shares of the company’s stock, valued at approximately $2,809,000. Independent Financial Group LLC owned approximately 0.06% of Phillips Edison & Company, Inc. as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in Phillips Edison & Company, Inc. during the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd increased its position in Phillips Edison & Company, Inc. by 55.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,053 shares of the company’s stock worth $37,000 after purchasing an additional 376 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Phillips Edison & Company, Inc. by 143.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $41,000 after purchasing an additional 672 shares during the last quarter. Quantbot Technologies LP acquired a new position in Phillips Edison & Company, Inc. in the 3rd quarter worth about $43,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Phillips Edison & Company, Inc. during the 4th quarter worth about $50,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PECO. Wells Fargo & Company boosted their price target on Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. UBS Group increased their price objective on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Barclays raised their price objective on shares of 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. LADENBURG THALM/SH SH lifted their target price on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, Weiss Ratings downgraded shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Three 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 company has an average rating of “Hold” and an average target price of $43.43.

Phillips Edison & Company, Inc. Trading Up 0.6%

NASDAQ PECO opened at $44.01 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $32.84 and a 1 year high of $44.38. The company has a fifty day simple moving average of $41.08 and a 200 day simple moving average of $38.81. The company has a market cap of $5.54 billion, a P/E ratio of 47.84, a P/E/G ratio of 2.34 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.43). The firm had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Investors 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 payout ratio is currently 141.30%.

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.