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

Vanguard Group Inc. lowered its stake in shares of Phillips Edison & Company, Inc. (NASDAQ:PECO) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,215,956 shares of the company’s stock after selling 129,218 shares during the period. Vanguard Group Inc. owned about 0.16% of Phillips Edison & Company, Inc. worth $719,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in shares of Phillips Edison & Company, Inc. by 12.8% in the first quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock valued at $2,982,000 after buying an additional 9,250 shares during the last quarter. AQR Capital Management LLC increased 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 worth $405,000 after acquiring an additional 845 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Phillips Edison & Company, Inc. in the first quarter worth $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 period. Finally, EverSource Wealth Advisors LLC boosted its stake in Phillips Edison & Company, Inc. by 49.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,604 shares of the company’s stock valued at $91,000 after acquiring an additional 865 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PECO shares. Morgan Stanley increased their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Mizuho set a $39.00 price objective on shares of Phillips Edison & Company, Inc. in a research report on Friday, January 9th. UBS Group raised their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Wells Fargo & Company raised their target price on shares of Phillips Edison & Company, Inc. from $36.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Finally, Barclays lifted their price objective on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Phillips Edison & Company, Inc. currently has a consensus rating of “Hold” and an average price target of $40.00.

Phillips Edison & Company, Inc. Price Performance

NASDAQ PECO opened at $39.87 on Monday. The stock has a market capitalization of $5.02 billion, a PE ratio of 43.34, a price-to-earnings-growth ratio of 1.02 and a beta of 0.54. The company has a 50 day moving average price of $38.46 and a two-hundred day moving average price of $36.51. Phillips Edison & Company, Inc. has a 12-month low of $32.84 and a 12-month high of $40.71.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 EPS 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 firm had revenue of $190.74 million during the quarter, compared to the consensus estimate of $184.91 million. During the same period in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. As a group, equities analysts anticipate that Phillips Edison & Company, Inc. will post 2.75 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm 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 is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 3.3%. Phillips Edison & Company, Inc.’s payout ratio is currently 141.30%.

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.