Phillips Edison & Company, Inc. (NASDAQ:PECO) Short Interest Update

Phillips Edison & Company, Inc. (NASDAQ:PECO) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 3,971,181 shares, a growth of 18.3% from the March 31st total of 3,355,943 shares. Based on an average daily volume of 804,511 shares, the days-to-cover ratio is currently 4.9 days. Approximately 3.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

PECO has been the subject of several analyst reports. Morgan Stanley raised their price objective on Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Evercore reaffirmed an “outperform” rating and set a $43.00 price target on shares of Phillips Edison & Company, Inc. in a research report on Monday. Weiss Ratings lowered Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Wells Fargo & Company boosted their price target on Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Finally, Barclays boosted their price target on 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. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Phillips Edison & Company, Inc. Trading Down 0.7%

Shares of NASDAQ PECO opened at $39.87 on Friday. The company has a market capitalization of $5.02 billion, a P/E ratio of 43.34, a P/E/G ratio of 1.03 and a beta of 0.54. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $40.71. The stock has a 50 day moving average of $38.46 and a 200-day moving average of $36.47.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a net margin of 15.61% and a return on equity of 4.46%. The business had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. During the same quarter last year, the company posted $0.65 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. Analysts predict that Phillips Edison & Company, Inc. will post 2.75 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 2nd. Investors 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) annualized dividend and a dividend yield of 3.3%. Phillips Edison & Company, Inc.’s payout ratio is presently 141.30%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PECO. Royal Bank of Canada lifted its position 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 acquiring an additional 9,250 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Phillips Edison & Company, Inc. by 8.2% in the first quarter. AQR Capital Management LLC now owns 11,091 shares of the company’s stock valued at $405,000 after purchasing an additional 845 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at approximately $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Phillips Edison & Company, Inc. by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,111 shares of the company’s stock valued at $2,668,000 after purchasing an additional 3,199 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Phillips Edison & Company, Inc. by 49.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock valued at $91,000 after purchasing an additional 865 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

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.