Phillips Edison & Company, Inc. (NASDAQ:PECO) Sees Large Growth in Short Interest

Phillips Edison & Company, Inc. (NASDAQ:PECO) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 3,401,828 shares, a growth of 35.7% from the January 15th total of 2,506,803 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily trading volume, of 811,762 shares, the days-to-cover ratio is presently 4.2 days. Based on an average daily trading volume, of 811,762 shares, the days-to-cover ratio is presently 4.2 days. Approximately 2.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PECO. Allworth Financial LP grew its position in Phillips Edison & Company, Inc. by 4.1% in the fourth quarter. Allworth Financial LP now owns 7,846 shares of the company’s stock worth $279,000 after acquiring an additional 306 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Phillips Edison & Company, Inc. by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 30,876 shares of the company’s stock worth $1,081,000 after purchasing an additional 314 shares in the last quarter. Kovack Advisors Inc. increased its position in shares of Phillips Edison & Company, Inc. by 2.9% during the 4th quarter. Kovack Advisors Inc. now owns 11,474 shares of the company’s stock valued at $408,000 after purchasing an additional 327 shares during the last quarter. CWM LLC raised its holdings in shares of Phillips Edison & Company, Inc. by 2.0% during the 2nd quarter. CWM LLC now owns 19,777 shares of the company’s stock valued at $693,000 after buying an additional 385 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in Phillips Edison & Company, Inc. by 7.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 6,787 shares of the company’s stock worth $233,000 after buying an additional 460 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Phillips Edison & Company, Inc. Trading Up 0.9%

Shares of NASDAQ:PECO traded up $0.35 during mid-day trading on Friday, reaching $38.20. The company had a trading volume of 1,600,718 shares, compared to its average volume of 877,717. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 0.97 and a beta of 0.53. The company’s 50-day moving average price is $35.84 and its 200-day moving average price is $34.98. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $38.67.

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

Phillips Edison & Company, Inc. Announces Dividend

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 given a $0.1083 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 3.4%. Phillips Edison & Company, Inc.’s payout ratio is 146.07%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. UBS Group lifted their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Evercore set a $42.00 target price on Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings raised Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Evercore ISI set a $42.00 price target on Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a report on Friday, February 6th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Phillips Edison & Company, Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $39.38.

Phillips Edison & Company, Inc. Company 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.