Legal & General Group Plc Increases Position in Phillips Edison & Company, Inc. $PECO

Legal & General Group Plc increased its stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 878,521 shares of the company’s stock after purchasing an additional 95,547 shares during the quarter. Legal & General Group Plc’s holdings in Phillips Edison & Company, Inc. were worth $31,249,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PECO. Royal Bank of Canada increased its holdings in shares of Phillips Edison & Company, Inc. by 12.8% in the 1st quarter. Royal Bank of Canada now owns 81,726 shares of the company’s stock valued at $2,982,000 after purchasing an additional 9,250 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 8.2% in the 1st 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 in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter valued at about $333,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Phillips Edison & Company, Inc. by 4.6% in the 1st 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 in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 49.7% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Price Performance

Phillips Edison & Company, Inc. stock opened at $40.15 on Friday. Phillips Edison & Company, Inc. has a 12-month low of $32.84 and a 12-month high of $41.07. The stock has a market capitalization of $5.05 billion, a P/E ratio of 43.64, a P/E/G ratio of 2.14 and a beta of 0.54. The firm’s 50-day moving average is $38.93 and its two-hundred day moving average is $37.26.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The firm had revenue of $190.74 million for the quarter, compared to analyst estimates of $184.91 million. During the same period in the prior year, the business earned $0.65 earnings per share. Phillips Edison & Company, Inc.’s revenue for the quarter 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. As a group, analysts forecast that Phillips Edison & Company, Inc. will post 2.76 EPS for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 15th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is currently 141.30%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PECO shares. Barclays increased their price target on shares of Phillips Edison & Company, Inc. from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Wells Fargo & Company increased their price target on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings downgraded shares of Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. UBS Group increased their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Finally, Evercore reissued an “outperform” rating and issued a $43.00 price objective on shares of Phillips Edison & Company, Inc. in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Phillips Edison & Company, Inc. has a consensus rating of “Hold” and a consensus price target of $41.43.

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.