Public Sector Pension Investment Board Acquires 62,477 Shares of Phillips Edison & Company, Inc. $PECO

Public Sector Pension Investment Board raised its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 489,959 shares of the company’s stock after acquiring an additional 62,477 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.39% of Phillips Edison & Company, Inc. worth $16,820,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Osaic Holdings Inc. grew its stake in Phillips Edison & Company, Inc. by 31.3% during the 2nd quarter. Osaic Holdings Inc. now owns 270,642 shares of the company’s stock worth $9,521,000 after buying an additional 64,465 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Phillips Edison & Company, Inc. by 1.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,209,158 shares of the company’s stock worth $77,387,000 after acquiring an additional 35,107 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth about $250,000. Engineers Gate Manager LP acquired a new position in shares of Phillips Edison & Company, Inc. during the second quarter valued at about $32,695,000. Finally, Allworth Financial LP increased its holdings in shares of Phillips Edison & Company, Inc. by 391.3% during the second quarter. Allworth Financial LP now owns 41,809 shares of the company’s stock valued at $1,465,000 after acquiring an additional 33,299 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Phillips Edison & Company, Inc. Price Performance

Shares of NASDAQ:PECO opened at $38.20 on Friday. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $38.67. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 42.92, a price-to-earnings-growth ratio of 0.97 and a beta of 0.53. The business’s 50 day moving average price is $35.84 and its 200-day moving average price is $34.98.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $183.18 million. During the same period in the previous year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. On average, sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share 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. Shareholders of record on Friday, May 15th will be issued a dividend of $0.1083 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. Phillips Edison & Company, Inc.’s dividend payout ratio is presently 146.07%.

Analysts Set New Price Targets

A number of research analysts have issued reports on PECO shares. Barclays restated a “positive” rating and set a $41.00 price target on shares of Phillips Edison & Company, Inc. in a research note on Tuesday, January 13th. UBS Group upped their price objective on shares of 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 target price on shares of Phillips Edison & Company, Inc. in a report on Friday, January 9th. Morgan Stanley upped their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Finally, Evercore ISI set a $42.00 price target on Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a research report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Phillips Edison & Company, Inc. currently has an average rating of “Moderate Buy” and an average price target of $39.38.

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.