Vanguard Group Inc. Cuts Stock Holdings in Phillips Edison & Company, Inc. $PECO

Vanguard Group Inc. trimmed its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 0.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,345,174 shares of the company’s stock after selling 69,157 shares during the period. Vanguard Group Inc. owned about 16.17% of Phillips Edison & Company, Inc. worth $698,450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Phillips Edison & Company, Inc. by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,100,942 shares of the company’s stock worth $37,795,000 after buying an additional 99,167 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Phillips Edison & Company, Inc. by 14.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 62,949 shares of the company’s stock worth $2,161,000 after acquiring an additional 7,781 shares during the period. Metis Global Partners LLC boosted its position in Phillips Edison & Company, Inc. by 36.3% in the third quarter. Metis Global Partners LLC now owns 28,273 shares of the company’s stock worth $971,000 after purchasing an additional 7,533 shares during the last quarter. Assetmark Inc. grew its stake in Phillips Edison & Company, Inc. by 1,108.7% in the 3rd quarter. Assetmark Inc. now owns 9,597 shares of the company’s stock valued at $329,000 after purchasing an additional 8,803 shares during the period. Finally, Public Sector Pension Investment Board increased its position in shares of Phillips Edison & Company, Inc. by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 489,959 shares of the company’s stock valued at $16,820,000 after purchasing an additional 62,477 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

PECO has been the topic of a number of research analyst reports. Barclays reissued a “positive” rating and issued a $41.00 price target on shares of Phillips Edison & Company, Inc. in a report on Tuesday, January 13th. Mizuho set a $39.00 target price on shares of Phillips Edison & Company, Inc. in a research note on Friday, January 9th. Weiss Ratings raised shares of Phillips Edison & Company, Inc. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Morgan Stanley lifted 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. Finally, Evercore set a $42.00 price objective on Phillips Edison & Company, Inc. and gave the company an “outperform” rating in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $39.15 on Tuesday. The firm has a market capitalization of $4.93 billion, a P/E ratio of 43.99, a PEG ratio of 1.00 and a beta of 0.53. Phillips Edison & Company, Inc. has a one year low of $32.40 and a one year high of $39.71. The business has a fifty day moving average price of $36.29 and a 200-day moving average price of $35.19.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.38 EPS 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 analysts’ expectations 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 was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Sell-side analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.1083 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a yield of 3.3%. Phillips Edison & Company, Inc.’s payout ratio is 146.07%.

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.