Phillips Edison & Company, Inc. (NASDAQ:PECO) Releases Quarterly Earnings Results

Phillips Edison & Company, Inc. (NASDAQ:PECO) released its quarterly earnings results on Thursday. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.18 by $0.15, FiscalAI reports. Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The business had revenue of $189.62 million for the quarter, compared to analyst estimates of $187.46 million. Phillips Edison & Company, Inc. updated its FY 2026 guidance to 0.950-0.970 EPS.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock traded down $0.68 during trading on Thursday, reaching $42.68. The company had a trading volume of 926,437 shares, compared to its average volume of 950,643. Phillips Edison & Company, Inc. has a 12-month low of $32.84 and a 12-month high of $44.38. The stock’s 50 day moving average price is $41.32 and its two-hundred day moving average price is $39.00. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 46.39, a PEG ratio of 2.32 and a beta of 0.52.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be given a $0.1083 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.0%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 141.30%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Clark Capital Management Group Inc. acquired a new position in Phillips Edison & Company, Inc. during the fourth quarter valued at approximately $202,000. Quadrant Capital Group LLC increased its position in shares of Phillips Edison & Company, Inc. by 47.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,003 shares of the company’s stock worth $71,000 after acquiring an additional 640 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Phillips Edison & Company, Inc. by 31.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,978 shares of the company’s stock worth $70,000 after acquiring an additional 478 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at $108,000. Finally, State of Wyoming purchased a new position in shares of Phillips Edison & Company, Inc. in the 2nd quarter valued at $110,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PECO. LADENBURG THALM/SH SH increased their target price on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Barclays increased 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 note on Tuesday, May 12th. Weiss Ratings cut Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. UBS Group boosted their target price on shares of Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley upped their target price on shares of Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.14.

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.