Phillips Edison & Company, Inc. (NASDAQ:PECO) Posts Earnings Results, Misses Estimates By $0.43 EPS

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced its quarterly earnings data on Thursday. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43), Zacks reports. The company had revenue of $190.74 million for the quarter, compared to analyst estimates of $184.91 million. Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. Phillips Edison & Company, Inc. updated its FY 2026 guidance to 0.790-0.810 EPS.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock traded down $0.17 during trading hours on Friday, hitting $38.87. 151,231 shares of the stock were exchanged, compared to its average volume of 872,306. The stock has a market capitalization of $4.89 billion, a P/E ratio of 43.65, a P/E/G ratio of 0.97 and a beta of 0.53. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $40.06. The business’s 50-day moving average is $38.28 and its two-hundred day moving average is $36.25.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently disclosed 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. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Phillips Edison & Company, Inc.’s dividend payout ratio is currently 146.07%.

Institutional Trading of Phillips Edison & Company, Inc.

Several large investors have recently added to or reduced their stakes in PECO. Royal Bank of Canada grew its stake in Phillips Edison & Company, Inc. by 12.8% during the first quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock worth $2,982,000 after buying an additional 9,250 shares during the last quarter. AQR Capital Management LLC grew its stake in Phillips Edison & Company, Inc. by 8.2% during the first quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock worth $405,000 after buying an additional 845 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Phillips Edison & Company, Inc. during the first quarter worth about $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Phillips Edison & Company, Inc. by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock worth $2,668,000 after buying an additional 3,199 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Phillips Edison & Company, Inc. by 49.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock worth $91,000 after buying an additional 865 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PECO. 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 research report on Thursday, January 8th. Barclays increased their price target on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, April 13th. Morgan Stanley increased their price target on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Evercore set a $42.00 price target on shares of Phillips Edison & Company, Inc. and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Mizuho set a $39.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and an average target price of $39.86.

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.