Independent Financial Group LLC Takes $2.81 Million Position in Phillips Edison & Company, Inc. $PECO

Independent Financial Group LLC acquired a new position in Phillips Edison & Company, Inc. (NASDAQ:PECO) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 75,071 shares of the company’s stock, valued at approximately $2,809,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in Phillips Edison & Company, Inc. by 2.3% during the 2nd quarter. State Street Corp now owns 7,349,080 shares of the company’s stock valued at $258,169,000 after purchasing an additional 166,108 shares during the last quarter. Wellington Management Group LLP grew its position in Phillips Edison & Company, Inc. by 5.4% in the 4th quarter. Wellington Management Group LLP now owns 6,308,034 shares of the company’s stock worth $224,377,000 after purchasing an additional 325,215 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Phillips Edison & Company, Inc. by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,322,844 shares of the company’s stock worth $82,624,000 after purchasing an additional 86,749 shares during the period. Norges Bank bought a new position in shares of Phillips Edison & Company, Inc. during the 4th quarter worth about $70,850,000. Finally, Balyasny Asset Management L.P. raised its position in shares of Phillips Edison & Company, Inc. by 191.9% during the third quarter. Balyasny Asset Management L.P. now owns 1,869,618 shares of the company’s stock valued at $64,184,000 after buying an additional 1,229,186 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Up 0.6%

NASDAQ:PECO opened at $44.01 on Friday. The firm has a market cap of $5.54 billion, a PE ratio of 47.84, a price-to-earnings-growth ratio of 2.34 and a beta of 0.52. Phillips Edison & Company, Inc. has a 12 month low of $32.84 and a 12 month high of $44.38. The company’s 50-day moving average price is $41.08 and its two-hundred day moving average price is $38.81.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.24 earnings per share 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 previous year, the business posted $0.65 EPS. The business’s quarterly 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. On average, research analysts expect that Phillips Edison & Company, Inc. will post 2.76 EPS for the current fiscal year.

Phillips Edison & Company, Inc. Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be given a dividend of $0.1083 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.0%. Phillips Edison & Company, Inc.’s dividend payout ratio is 141.30%.

Analysts Set New Price Targets

Several research firms recently weighed in on PECO. Wells Fargo & Company increased their target price on shares of Phillips Edison & Company, Inc. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. UBS Group boosted their price target on Phillips Edison & Company, Inc. from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Evercore reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Phillips Edison & Company, Inc. in a report on Tuesday, July 7th. LADENBURG THALM/SH SH raised their price objective on Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Finally, Weiss Ratings lowered Phillips Edison & Company, Inc. from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.43.

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.