Phillips Edison & Company, Inc. $PECO Stock: State of Alaska Department of Revenue Cuts Holdings

State of Alaska Department of Revenue reduced its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 18.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 90,989 shares of the company’s stock after selling 20,576 shares during the period. State of Alaska Department of Revenue owned about 0.07% of Phillips Edison & Company, Inc. worth $3,396,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Waverly Advisors LLC lifted its holdings in shares of Phillips Edison & Company, Inc. by 0.8% in the first quarter. Waverly Advisors LLC now owns 35,466 shares of the company’s stock valued at $1,327,000 after purchasing an additional 269 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Phillips Edison & Company, Inc. by 2.6% during the second quarter. Integrated Wealth Concepts LLC now owns 11,205 shares of the company’s stock valued at $466,000 after buying an additional 281 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Phillips Edison & Company, Inc. by 5.9% during the second quarter. GAMMA Investing LLC now owns 5,245 shares of the company’s stock valued at $218,000 after buying an additional 292 shares during the last quarter. CX Institutional grew its holdings in Phillips Edison & Company, Inc. by 115.5% during the second quarter. CX Institutional now owns 724 shares of the company’s stock worth $30,000 after buying an additional 388 shares in the last quarter. Finally, Earned Wealth Advisors LLC grew its holdings in Phillips Edison & Company, Inc. by 1.0% during the first quarter. Earned Wealth Advisors LLC now owns 43,172 shares of the company’s stock worth $1,615,000 after buying an additional 420 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on PECO. Weiss Ratings lowered Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Phillips Edison & Company, Inc. from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. UBS Group reduced their target price on shares of Phillips Edison & Company, Inc. from $46.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. The Goldman Sachs Group set a $44.00 target price on shares of Phillips Edison & Company, Inc. in a report on Wednesday, October 7th. Finally, Griffin Securities set a $44.00 target price on shares of Phillips Edison & Company, Inc. in a report on Monday, September 21st. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Phillips Edison & Company, Inc. presently has an average rating of “Hold” and a consensus target price of $43.30.

Phillips Edison & Company, Inc. Trading Up 0.7%

Phillips Edison & Company, Inc. stock opened at $38.21 on Friday. The business’s 50 day simple moving average is $38.47 and its 200 day simple moving average is $39.87. Phillips Edison & Company, Inc. has a 12 month low of $33.10 and a 12 month high of $44.38. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.94 and a beta of 0.52.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The firm had revenue of $189.62 million during the quarter, compared to the consensus estimate of $187.46 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, equities research analysts forecast that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be issued a $0.1150 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.38 annualized dividend and a yield of 3.6%. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is 120.00%.

Phillips Edison & Company, Inc. Profile

Phillips Edison & Company, Inc is a real estate investment trust (REIT) that owns, operates and develops grocery-anchored shopping centers in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores alongside restaurants, service businesses, retailers and other neighborhood-oriented tenants.

The company focuses on acquiring and managing shopping centers located in communities with favorable demographic and economic characteristics.